-
IRDA SETS RULES FOR CORPORATE GOVERNANCE FOR INSURERS
IRDA SETS RULES FOR CORPORATE GOVERNANCE FOR INSURERS New Delhi, The Hindu Business Line The Indian Express
Insurance regulator IRDA is ready with the final guidelines on corporate governance for the sector focusing on key areas such as lock-in peri...
-
INSURERS MAY TRIM ULIP FEATURES
INSURERS MAY TRIM ULIP FEATURESNandini Goswami, Kolkata DNA
Directives by the Insurance Regulatory & Development Authority on unit linked insurance products has forced life insurers to modify their product structure and selling patterns. On July...
-
ULIP CHARGES FOR LARGER LIFE COVER MAY BE RAISED
ULIP CHARGES FOR LARGER LIFE COVER MAY BE RAISEDFalaknaaz Syed, New Delhi Hindustan Times
The Insurance Regulatory & Development Authority (IRDA), balancing the interests of policyholders and insurance companies accused of taking a big cut of the...
-
IRDA ISSUES FINAL GUIDELINES ON CORP GOVERNANCE FOR INSURANCE SECTOR
IRDA ISSUES FINAL GUIDELINES ON CORP GOVERNANCE FOR INSURANCE SECTOR Mumbai The Economic Times | Financial Chronicle | The Financial Express | DNA (Mumbai edition)
Insurance regulator, IRDA, today issued its final guidelines on corporate govern...
-
EXCLUDE MORTALITY CHARGES FROM OVERALL CAP ON ULIPS
EXCLUDE MORTALITY CHARGES FROM OVERALL CAP ON ULIPS Mumbai, The Hindu Business Line
Life insurers have asked the insurance regulator to exclude mortality charges from the overall cap on unit linked insurance polices (ULIPs) charges. "We are await...
-
REWORKED ULIPS TO GET NOD IN 3 DAYS
REWORKED ULIPS TO GET NOD IN 3 DAYS Mayur Shetty, Mumbai, The Economic Times
The insurance regulator will have a special arrangement to clear within three days unit-linked insurance plans (Ulips), which have to be reworked because of new norms whic...
-
ALL FINANCIAL REGULATORS MAY COME UNDER SAT
ALL FINANCIAL REGULATORS MAY COME UNDER SAT Reena Zachariah, Mumbai, The Economic Times
In a first, the government is considering a revamp of the legal system by giving more powers and responsibilities to the Securities Appellate Tribunal (SAT)...
-
SLOWDOWN HITS PRIVATE INSURERS
SLOWDOWN HITS PRIVATE INSURERS Mumbai, The Asian Age
The economic slowdown, followed by the risk averseness among the investors and the mis-selling of Ulips have impacted the growth of private life insurers during the first half of this fiscal a...
-
GOVT TABLES BILL TO UP LIC EQUITY BASE 20-FOLD, CAP GUARANTEE
GOVT TABLES BILL TO UP LIC EQUITY BASE 20-FOLD, CAP GUARANTEE New Delhi The Economic Times | Business Standard | Mint | The Hindu Business Line | The Financial Express | Deccan Herald | The Asian Age | Deccan Chronicle
The government...
-
LIFE INSURERS POST 4-FOLD RISE IN PREMIUM MOP UP BETWEEN 2001-09
LIFE INSURERS POST 4-FOLD RISE IN PREMIUM MOP UP BETWEEN 2001-09 New Delhi Business Standard | The Economic Times (Delhi edition) | Mint
The life insurance industry has registered more than four-fold increase in premium collection between 2001-02 a...
-
INSURERS WITNESS DROP IN GROUP INSURANCE PREMIA
INSURERS WITNESS DROP IN GROUP INSURANCE PREMIA Shruti Verma, New Delhi, Financial Chronicle
The average premium from group insurance appears to be declining. While the number of lives covered under group insurance schemes by life insurers has gone...
-
CAP ON ULIP FEES MAY HURT AGENT COMMISSIONS
CAP ON ULIP FEES MAY HURT AGENT COMMISSIONS Teena Jain, New Delhi Mint
With the sector regulator capping fees that insurers could charge customers buying unit-linked insurance plans (Ulips), some of the firms may cut commissions they pay to agents t...
-
INSURERS MAY REGISTER 40 PERCENT ULIPS AGAIN
INSURERS MAY REGISTER 40 PERCENT ULIPS AGAIN Shilpy Sinha, Mumbai Business Standard
Insurers will have to register over 40 percent of their unit-liked insurance product (Ulip) offerings before December 31 with the Insurance Regulatory and Development...
-
IRDA EARMARKS RS 20 CRORE FOR AWARENESS DRIVE
IRDA EARMARKS RS 20 CRORE FOR AWARENESS DRIVE TE Narasimhan, Chennai Business Standard
The Insurance Regulatory and Development Authority (Irda) is planning to join hands with the Ministry of Consumer Affairs to spread awareness on insurance and has ...
-
IRDA LIKELY TO RELAX CAP ON ULIP CHARGES
IRDA LIKELY TO RELAX CAP ON ULIP CHARGES Shilpy Sinha, Mumbai Business Standard
The Insurance Regulatory and Development Authority (Irda) is likely to relax the cap on distribution cost of unit-linked insurance plans (Ulips). The cap is to be effecti...
-
ULIP CAP TO BOOST INSURERS: IRDA
ULIP CAP TO BOOST INSURERS: IRDAShruti Verma Financial Chronicle
The Insurance Regulatory and Development Authority (Irda) feels that its decision to put an overall cap on charges levied in unit-linked policies (Ulip) will not only increase returns o...
-
DO INSURANCE AGENTS GET COMMISSIONS TOO HIGH? - II
DO INSURANCE AGENTS GET COMMISSIONS TOO HIGH? - II The Economic Times
High compensation a rare occurrence: S B Mathur, Secy General, Life Insurance Council The issue of high commissions paid by the insurance industry is largely a misunderstood one. ...
-
IRDA TO SPEED UP GRIEVANCE REDRESSAL, VIRTUALLY
IRDA TO SPEED UP GRIEVANCE REDRESSAL, VIRTUALLYPreeti Kulkarni, Mumbai The Economic Times
Complaint redressal by insurance companies is set to get a lot speedier. A new web-based complaint tracking system by the insurance regulator will let both, the...
-
The writer DISCLOSURES IN INSURANCE ARE WOEFULLY LACKING YOUR MONEY
The writer DISCLOSURES IN INSURANCE ARE WOEFULLY LACKING YOUR MONEY Dhirendra Kumar Hindustan Times
Last week, the Insurance Regulatory and Development Authority (IRDA) brought in new rules on Unit-Linked Insurance Plans (ULIPs) offered by insurance...
-
REINING IN THE COST GENIE
REINING IN THE COST GENIE The Indian Express
The reputation of unit-linked insurance plans (Ulips) has been sullied by their high charges, appallingly high commissions to agents and mis-selling by them. Although Ulips account for almost 90 percent o...