Ja os casos de Falha sem IRDA
foram agendados os retestes em ate 30 dias.
Earlier in 2012, while asking domestic general insurers to hike the provisioning - capital to be set aside to pay the future claims as it takes years to settle claims under this category - against the third party motor portfolio, the IRDA
had assured general insurers that it would allow them to hike the third party motor rates gradually.
Mukherjee said that his meeting with the officials of IRDA
As of now, no group insurance is allowed by IRDA
to operate under these policies.
Stock Market and Insurance regulators SEBI and IRDA
were at loggerheads over the jurisdiction of hybrid insurance products like ULIPs with both claiming their authority over these popular schemes.
The new law gives statutory powers to the regulator, IRDA
, and takes away the monopoly positions enjoyed by the two government-run insurers.
Now that the High Court has given direction, we will follow that," IRDA
Releasing an order here in Hyderabad on Tuesday, the IRDA
Chairman TS Vijayan has claimed that the company had carried out outsourcing activities in contradiction with the guidelines that the regulator issued in February 2011.
The committee, constituted by the authority to review the IRDA
Broking Regulations 2002, submitted its report a couple of weeks ago.
has sent a circular to the chief executive officers ( CEOs) of all life insurance companies asking them to introduce the new norms for all new Ulips issued from September 1.
has further informed that the transfer of shares between shareholders of insurance companies is governed by the provisions of Section 6A 4(b) of the Insurance Act, 1938 and the guidelines issued by the Authority, viz.
has laid down certain conditions, including the appointment of directors on the board of MetLife by PNB, a reduction in the equity stake of certain shareholders, and the maintenance of the solvency margin as specified by the IRDA