November 08, 2019 3:25 am
The traffic authorities have planned to share the details of pending e-challans of registered vehicles with insurance companies, who in turn, would help them in recovering the fines when a traffic offender tries to renew insurance.
September 08, 2018 1:41 am
The regulator has also asked insurance firms to come out with long-term health insurance policies, which are currently only available in two wheeler and four wheeler insurance.
February 27, 2018 5:00 am
The High Court upheld a trial court order of 2017, which directed United India Insurance to pay Rs 5 lakh to the insured.
August 08, 2017 2:22 am
LIC can continue its strategic investment in other firms beyond 15 per cent — especially in Corporation Bank and LIC Housing Finance. Sathe said the regulator doesn’t want LIC disinvestment in any firm to create disruption.
June 10, 2016 3:02 am
The world’s largest insurance platform is gearing up to start its India operations in Mumbai by early 2017.
March 30, 2016 1:58 am
IRDA has allowed a hike of 30 per cent in the case of public commercial vehicles with GVW (gross vehicle weight) of 40 tonnes, 25 per cent for GVW of 20-40 tonnes and 15 per cent for GVW of 12-20 tonnes.
March 20, 2016 1:46 am
Earlier, the RBI had expressed concern over LIC making huge investments in PSU banks, saying it can “affect the financial stability”.
March 16, 2016 1:35 am
After the IRDA had announced its norms in November 2015, six global reinsurers applied for licenses for branch operations.
February 01, 2016 12:36 am
In April last year, IRDA had originally released guidelines giving preference to GIC Re, but it revised the norms later following objections raised by foreign players.
January 14, 2016 1:49 am
According to insurance sector officials, earlier individual agents used to get up to 35-40 per cent as commission in the first year.