IRDA
IRDA slaps fine of Rs 3.10 cr on Bajaj Allianz Life
New Delhi: Insurance regulator IRDA imposed a hefty penalty of Rs 3.10 crore on Bajaj Allianz Life Insurance for violation of various norms, including those related to early-death claims and group in
Hike in insurance FDI limit may attract Rs 30k cr: IRDA
The increase in FDI limit in the insurance sector may attract Rs 30,000 crore that the industry requires over the next five years, Insurance Regulatory and Development Authority has said.
A day afte
Better regulation for health care industry needed: IRDA chief
Insurance Regulatory Development Authority (IRDA) chairman J. Harinarayan on Saturday pitched for an effective system of regulation and management of the medical care industry.
"The other area which
IRDA slaps Rs 22 lakh fine on Kotak Mahindra Life Insurance
Insurance regulator IRDA on Friday slapped a fine of Rs 22 lakh on Kotak Mahindra Old Mutual Life Insurance for violation of various norms, including payment of death claims.
"I direct the insurer (
IPO norms for non-life players in week: Harinarayan
The insurance regulator J. Harinarayan on Monday said the authority will issue the draft public float guidelines for general insurance companies within a week.
"All things have been finalised and w
Insurance firms under lens for tax evasion of over Rs 300 crore
Insurance companies have come under the scanner of a government intelligence agency for allegedly evading service tax of over Rs 300 crore.
The Directorate General of Central Excise Intelligence
Motor insurance premium rates to go up from Sunday
Owners of cars, commercial vehicles and two-wheelers will have to pay more towards insurance with enhanced motor insurance rates coming into effect from Sunday.
The premium rates for third party
Insurers lost over Rs 30k cr due to frauds in 2011, says study
Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed.
It cited collusion between the employees of insurers and private pe
Only registered bodies can act as ATIs: IRDA
Only those entities that are registered under the Companies Act and the Societies Registration Act and have more than three years of experience will be eligible for accreditation as institutes for tra
IRDA cracks the whip on insurers
Jan. 6: Insurance regulator, IRDA on Thursday has asked insurance companies to refrain from charging policyholders differential premium without the prior approval of the watchdog.
In the papers subm
