The insurance firms cannot appoint a second surveyor to reassess the loss suffered by an insured entity without sector regulator Irda's permission, the country's apex consumer forum has held.
The
To eliminate non-serious players, the insurance regulator Irda has asked all existing agent training institutes (ATIs) to get themselves registered either as a company or trust by June.
"Existing accredited
Insurance companies have approached the IRDA for review of 22 pension products fearing they may not be conforming to the regulator's guidelines pertaining to assured returns.
"Insurance companies had filed
The Insurance Regulatory and Development Authority (IRDA) on Thursday notified guidelines for life insurers to raise capital via initial public offering or subsequent public fund raising from the equity markets.
In the draft guidelines released on Wednesday, the Insurance Regulatory and Development Authority (Irda) has proposed zonal tie-ups for bancassurance allowing insurance companies to tie up with more than one
Insurance regulator IRDA today imposed a penalty of Rs 5 lakh on HDFC Standard Life for delaying settlement of claim and has asked the insurer to streamline its processes. "Considering
The finance ministry will soon initiate the process for appointment of a regular Chairman and Managing Director for state-owned New India Assurance after its chief, M Ramadoss, was suspended.
New
Government auditor CAG is seeking to widen the scope of its powers to audit the performance of regulators such as Sebi, Trai and Irda as part of the new legislation
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