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Haryana asks insurance companies to complete field survey on time
"The officers of the agriculture department, as well as insurance companies, have been directed for strict compliance of various provisions of the scheme," Principal Secretary, Agriculture and Farmers' Welfare Department, Abhilaksh Likhi said
Norms on management control soon: IRDA chairman
“The Act clearly says that being a major shareholder, the management control should be with the Indian partner. However, we are working on it and the final guidelines will come up shortly on the same," IRDA Chairman TS Vijayan said
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Rs 3,000-cr ‘fraud’: Insurance companies to approach Arun Jaitley over tax raids
Insurance companies claim the seizures are unjustified and that officers of the Directorate General of Central Excise Intelligence (DGCEI) treated employees “inhumanly” and “harassed them” during search operations.
Banks, insurers push for big tax breaks to operate in IFSC
Bankers told ministry offcials in a meeting that “it doesn’t make sense to start operations in the IFSC without enough tax incentives”.
PMSBY: Firms aim for 30 cr policies
As announed in the Budget, the premium per person will be Rs 12 per annum for PMSBY cover.
Insurers lose R4K cr in J&K floods, cyclone Hudhud
Jammu & Kashmir floods have led to insured losses of around Rs 1,500 crore, the losses due to Hudhud are estimated around Rs 2,500 crore.
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Semi-Column: Open access for insurance stocks
Prime Minister Narendra Modi would soon be taking a call if this piece of key legislation would go through Parliament in the Budget Session.
Third party motor pool unlikely to make a comeback: Insurers
While they maintain that going back to the insurance pool system is out of question, there is a feeling within the industry that Irda may come up with a fresh order on the ongoing system soon.
Maruti relents, to seek minority investors’ nod
The decision was taken at a crucial board meeting held in New Delhi, which lasted for over four hours and attended by parent SMC chairman Osamu Suzuki.
With Irda’s push, banks could offer more choice of insurance products
Even though several months have gone by, not one bank has gone ahead to apply for the broking license.
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