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LIFE INSURERS MAY NOT NEED MORE CAPITAL INFUSION
LIFE INSURERS MAY NOT NEED MORE CAPITAL INFUSION Manish Basu, Kolkata The Hindu Business Line
Life insurance companies may not need infusion of additional capital in 2010-11 to meet solvency requirement even as the Insurance Regulatory and Developme...
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INSURERS AGAINST NEW TAX REGIME FOR POLICIES SOLD BEFORE APRIL 2011
INSURERS AGAINST NEW TAX REGIME FOR POLICIES SOLD BEFORE APRIL 2011Shilpy Sinha, Mumbai Business Standard
Insurance companies have asked the government to shift to the new tax regime under the Direct Tax Code only for those policies sold after the p...
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IRDA TO ISSUE DISCLOSURE NORMS FOR INSURANCE COS NEXT WEEK
IRDA TO ISSUE DISCLOSURE NORMS FOR INSURANCE COS NEXT WEEKNew Delhi The Financial Express Financial Chronicle The Economic Times (Kolkata edition) Mint
With few insurers showing interest in tapping the capital market, Insurance Regulatory & Deve...
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ACTUARY SHORTAGE HAUNTS INSURERS
ACTUARY SHORTAGE HAUNTS INSURERS Khyati Dharamsi,Mumbai, DNA
The Insurance Regulatory and Development Authority (Irda) is concerned over the shortage of actuaries in India, especially in the non-life insurance space. "We don't have the actuarial ...
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IRDA CHIEF SUPPORTS AGENT COMMISSION
IRDA CHIEF SUPPORTS AGENT COMMISSION Sarbajeet K Sen, Financial Chronicle
The chairman of the Insurance Regulatory and Development Authority (Irda), J Hari Narayan, has opposed the elimination of the commission structure in insurance, saying that s...
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ACTUARIAL SOCIETY SEEKS TIME ON VALUATION CODE
ACTUARIAL SOCIETY SEEKS TIME ON VALUATION CODE Sneha Shah, Mumbai, Financial Express
The Actuarial Society of India that is giving final touches to the report on the valuations of life insurance companies in India has asked for a year's time to imp...
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IRDA SEEKS DATA OF POLICIES WHERE PREMIUM IS OVERDUE
IRDA SEEKS DATA OF POLICIES WHERE PREMIUM IS OVERDUE Sneha Shah, Mumbai Financial Chronicle | The Financial Express | Business Standard
Insurance Regulatory and Development Authority (Irda) has asked all life insurance companies to compile and f...
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YEARS OF EFFORT MAY GO DOWN THE DRAIN
YEARS OF EFFORT MAY GO DOWN THE DRAIN Mayur Shetty, The Economic Times
In the old days we used to dread the DTC " a term used to describe the notoriously inefficient Delhi Transport Corporation buses. Now it is the new DTC (direct tax code) whic...
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INSURANCE CLAIMS MAY BE TAXABLE UNDER NEW CODE
INSURANCE CLAIMS MAY BE TAXABLE UNDER NEW CODE Remya Nair, Mumbai, The Hindu Business Line
The insurance claims paid to policy holders in the event of death or disability will be subject to payment of income tax if the new Direct Taxes Code propo...
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INSURANCE NEEDS CAPITAL
INSURANCE NEEDS CAPITAL Shruti Verma, New Delhi, The Economic Times
The government should consider insurance industry's demand that it be allowed to raise equity from the public even before completing ten years of operations. The current rules say ...
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INSURANCE COS GIVEN MORE TIME TO DISCLOSE MARKET-EMBEDDED VALUE
INSURANCE COS GIVEN MORE TIME TO DISCLOSE MARKET-EMBEDDED VALUE Manish Basu, Kolkata, The Hindu Business Line
The Insurance Regulatory and Development Authority's (IRDA) new disclosure norms for 2009-10 will help policyholders get a clearer picture...
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GOVT MAY HALVE TIME BAR FOR INSURANCE IPOs
GOVT MAY HALVE TIME BAR FOR INSURANCE IPOs Shilpy Sinha, Mumbai Business Standard | The Times of India | The Financial Express | The Tribune | The Telegraph | Deccan Herald | The Indian Express | The Asian Age | Mint | The Hindu Business Line | The Econ...
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INSURANCE SECTOR LIKELY TO WITNESS CONSOLIDATION: REPORT
INSURANCE SECTOR LIKELY TO WITNESS CONSOLIDATION: REPORT Mumbai The Economic Times
With increasing competition, the fast-growing insurance industry may witness a consolidation among smaller players, and see the emergence of some big companies, a repo...
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NEW TAX CODE WEIGHS HEAVY ON FINANCIAL SERVICES
NEW TAX CODE WEIGHS HEAVY ON FINANCIAL SERVICES Punit Shah DNA
When antiquated rules have to be replaced with new ones, the changes must be dramatic and path-breaking, the finance minister had stated while releasing the draft Direct Tax Code, 2009 (C...
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INSURERS SUGGESTS AGENTS TO MOVE TO ADVISORY MODEL
INSURERS SUGGESTS AGENTS TO MOVE TO ADVISORY MODEL Mumbai Business Standard
Insurers want their agents whose activity is driven predominantly by selling maximum number of policies, to expand their scope of work to advice customers. In an Insurance Su...
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LIFE POLICIES MAY SHED LOAD IF SOLD DIRECTLY
LIFE POLICIES MAY SHED LOAD IF SOLD DIRECTLYAnirudh Laskar & Deepti Bhaskaran, Mumbai Mint
The way life insurance policies are sold in India may change forever following a recommendation by the Insurance Regulatory and Development Authority of In...
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INDEPENDENT ACTUARY MUST FOR INSURERS GOING PUBLIC
INDEPENDENT ACTUARY MUST FOR INSURERS GOING PUBLICShilpy Sinha, Mumbai, September 14, 2009 Business Standard
Insurance companies hitting the public market will have to appoint an independent actuary as part of IPO and M&A norms to carry out valu...
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LIFE INSURERS GEARING UP TO MEET DEADLINE FOR CAP ON ULIP CHARGES
LIFE INSURERS GEARING UP TO MEET DEADLINE FOR CAP ON ULIP CHARGES Remya Nair, Mumbai The Hindu Business Line
Life insurance companies are gearing up to meet the Insurance Regulatory Development Authority (IRDA) deadline for the implementation of cap ...
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AGENT FEE ABOLITION: SWARUP PANEL MULLS STOP GAP FORMULA
AGENT FEE ABOLITION: SWARUP PANEL MULLS STOP GAP FORMULANew Delhi The Economic Times | The Hindu Business Line | Financial Chronicle | Hindustan Times | The Indian Express | DNA | Mint
A government-appointed panel, which had earlier proposed doing a...
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GOVT COMMITTED TO INSURANCE FDI BILL
GOVT COMMITTED TO INSURANCE FDI BILL Mumbai The Financial Express | The Economic Times | The Hindu Business Line
The government is committed to clear the Insurance Amendment Bill that seeks to raise foreign direct investment (FDI) limit in the sector t...