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CBI probe against IRDA, Reliance General Insurance

CBI has started a probe into alleged undervaluation of penalty to the tune of nearly Rs 17,500 crore on Reliance General Insurance Company Limited.

IRDA to come up with final 'bancassurance' guidelines in Feb

Insurance regulator IRDA is likely to come up with 'Bancassurance' guidelines by the first week of February, Chairman J Hari Narayan said Friday.

Raising investment limit of LIC is 'imprudent': IRDA Chief

IRDA Chairman J Hari Narayan Friday said the government's recent move to allow the state-owned insurer, LIC, to invest up to 30 percent in a company was imprudent.

Govt invites applications for IRDA chairperson post

The government has started the search for a successor to Insurance Regulatory and Development Authority (IRDA) Chairman J Hari Narayan, who will retire in February next year.

IRDA working on 10 standard insurance products

Sector regulator IRDA on Wednesday said it will develop 10 standard products in consultation with industry bodies which can be launched by the insurance companies without seeking regulatory nod.

Insurance needs big investment, hike in FDI limit: IRDA chief

The insurance industry needs big investments for growth in the coming years and will welcome hike in FDI cap, sectoral regulator IRDA said Monday.

IRDA chief to discuss taxation issues with Chidambaram

IRDA Chairman J Hari Narayan will meet Finance Minister P Chidambaram on Wednesday to resolve various taxation issues and speed up the growth of the sector.

FM to meet financial sector regulators tomorrow

In a pre-Budget meeting tomorrow, Finance Minister Pranab Mukherjee is likely meet top economic regulators, including RBI Governor D Subbarao, SEBI Chairman U K Sinha and IRDA Chairman J Hari Narayan, to discuss the roadmap ahead for the financial sector.