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LIFE INSURERS BREACH LIMIT ON MANAGEMENT EXPENSES
LIFE INSURERS BREACH LIMIT ON MANAGEMENT EXPENSES Suneeti Ahuja, New Delhi, The Indian Express
Aggressive business plans pursued by some major insurance players last fiscal are now forcing them to put the brakes on further expansion and rather head...
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IRDA TO STICK TO NOV 1 DEADLINE ON DISCLOSURE NORMS
IRDA TO STICK TO NOV 1 DEADLINE ON DISCLOSURE NORMS New Delhi, The Pioneer
Insurance regulator IRDA on Wednesday said that it would stick to November 1 deadline to bring out guidelines for public disclosures to be made by insurance companies. "The...
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INSURANCE FIRMS CAN HOPE FOR EARLY IPOS
INSURANCE FIRMS CAN HOPE FOR EARLY IPOS Shruti Verma, Financial Chronicle
In a move that could pave the way for an early listing of insurance companies on the stock exchanges, the finance ministry has decided to revoke a clause in the law that requ...
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NOW, PAY RISK PREMIUM AT WILL
NOW, PAY RISK PREMIUM AT WILL Shilpy Sinha, Mumbai Business Standard
Irda nod to policies with flexible premium, sum assured and tenure.Universal life policies (ULP) will soon make a debut in the country with the Insurance Regulatory and Development...
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SALE OF INSURANCE POLICIES A UNIQUE CHALLENGE
SALE OF INSURANCE POLICIES A UNIQUE CHALLENGES B Mathur The Economic Times
The government of India's borrowings, as at the end of last fiscal, stood at a staggering Rs 31 lakh crore. The amount would be still higher at the end of current year. But i...
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ULP: A SAVINGS POLICY WITH RISK ADVANTAGE
ULP: A SAVINGS POLICY WITH RISK ADVANTAGE Tinesh Bhasin, Mumbai, Business Standard
The model of universal life policy (ULP), which is ideally targeted towards the poor (micro-finance), is being replicated by some insurance companies for the urban mi...
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IRDA TO EXAMINE RISKS OF BANK-PROMOTED INSURERS
IRDA TO EXAMINE RISKS OF BANK-PROMOTED INSURERS Sneha Shah, Mumbai, Financial Chronicle
Insurance Regulatory and Development Authority (Irda) is planning to set up a committee to analyse the risks faced by insurance companies promoted by banks. Irda...
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LIC DRIVING INSURANCE INDUSTRY GROWTH, PRIVATE SECTOR YET TO PICK UP
LIC DRIVING INSURANCE INDUSTRY GROWTH, PRIVATE SECTOR YET TO PICK UP Sunny Verma The Financial Express
Insurance companies added only a few customers in the last one year and it was mainly renewal premium which drove collections ever since the erupti...
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POLICY LAPSES PLAGUE LIFE INSURERS
POLICY LAPSES PLAGUE LIFE INSURERSSrikumar Bondyopadhyay, Calcutta The Telegraph
The life insurance industry is seeing a sharp rise in policy lapses as subscribers are not paying renewal premiums on time. "The rate of policy lapses in the country ha...
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IRDA TO PUT INSURANCE DATA ON WEBSITE
IRDA TO PUT INSURANCE DATA ON WEBSITE Hyderabad, Business Standard Financial Chronicle The Economic Times (Mumbai edition)
The Insurance Regulatory and Development Authority (Irda) has decided to make available samples of transaction level data on ...
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IRDA WANTS AGENTS' COMMISSIONS RETAINED
IRDA WANTS AGENTS' COMMISSIONS RETAINED Anirudh Laskar, Mumbai, Mint
India's insurance regulator, Insurance Regulatory and Development Authority (Irda) has written to the finance ministry, objecting to a government-appointed panel's proposal tha...
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IRDA SEEKS DISCLOSURES FROM INSURERS
IRDA SEEKS DISCLOSURES FROM INSURERS Kolkata, The Economic Times (Kolkata edition) Hindustan Times
The Insurance Regulatory Development Authority (IRDA) has so long been working for the interests of policyholders. Now it's the interests of the woul...
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INSURERS MAY MISS PUBLIC DISCLOSURE NORMS DEADLINE
INSURERS MAY MISS PUBLIC DISCLOSURE NORMS DEADLINE Shruti Verma, Sneha Shah, New Delhi/Mumabi, Financial Chronicle
The insurance industry is sceptical over its ability to meet the sharp deadline of November 1 set by the Insurance Regulatory and D...
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CAP ON ULIP CHARGES TO HIT INSURANCE COMMISSIONS
CAP ON ULIP CHARGES TO HIT INSURANCE COMMISSIONS Falaknaaz Syed, New Delhi, Hindustan Times
If you buy a Unit Linked Insurance Plan (Ulip) after December 31, chances are that your agent would not pass back a portion of his commission to you -- a pr...
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DISCLOSURE NORMS WILL INCREASE TRANSPARENCY: INSURERS
DISCLOSURE NORMS WILL INCREASE TRANSPARENCY: INSURERS New Delhi Business Standard | The Pioneer |
A day after Irda recommended that insurance firms should make public disclosures, insurers said the move would increase transparency in the sector and all...
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IRDA'S NEW DISCLOSURE NORMS TO BRING MORE TRANSPARENCY
IRDA'S NEW DISCLOSURE NORMS TO BRING MORE TRANSPARENCY Mumbai The Financial Express
In the much awaited draft on disclosure norms, the Insurance Regulatory & Development Authority (Irda) wants insurers to disclose at least four to five years of impor...
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LIFE INSURERS SEEK LOWER MINIMUM ALTERNATE TAX
LIFE INSURERS SEEK LOWER MINIMUM ALTERNATE TAXSuneeti Ahuja, New Delhi The Indian Express
The life insurance industry has serious concerns that the minimum alternate tax of 2 percent proposed in the draft Direct Taxes Code will adversely impact the ...
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LIFE INSURERS SEEK CHANGES IN TAX CODE
LIFE INSURERS SEEK CHANGES IN TAX CODE Shilpy Sinha, Mumbai Business Standard
Anticipating an adverse impact of the new Direct Tax Code, life insurance companies have demand amendments in the proposed code. The draft code had recommended a maturity ...
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DON'T TAX POLICIES ON MATURITY, URGES IRDA
DON'T TAX POLICIES ON MATURITY, URGES IRDA Shruti Verma, New Delhi Financial Chronicle
The Life Insurance Council has asked the Insurance Regulatory and Development Authority (Irda) and the ministry of finance not to include a proposal in the new ...
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IRDA REJECTS PROPOSAL TO CREATE FINWEB
IRDA REJECTS PROPOSAL TO CREATE FINWEBHema Ramakrishnan, Hyderabad The Economic Times
The insurance regulator Irda has shot-down a proposal to register all financial advisors with the Financial Well-Being Board of India (FINWEB), an agency to write ...