Life insurance majors like SBI Life Insurance, HDFC Standard Life, Reliance Life and ICICI Prudential may be able to launch initial public offers in the current fiscal itself as the insurance regulator IRDA and capital market regulator SEBI, fresh out of a turf war, have resumed the process for listing these companies. The necessary guidelines are under preparation.
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Clean chit to LIC of India – Transfer of profits case : IRDA
The insurance watchdog earlier said it would launch investigation in to the books of LIC pertaining 2009-10. J Harinarayan IRDA chairman said there is no violation committed by the LIC and it was just an actuarial shortage as to the current actuarial estimates.
Now, small investors can invest Rs 2 lakh in issues
Cos must seek public comments on DRHP MERCHANT BANKERS TO SUBMIT A COMPLIANCE CERTIFICATE IN RESPECT OF NEWS REPORT IN PRINT OR ELECTRONIC MEDIA
LIC to seek IRDA nod for two new Ulip schemes
Life Insurance Corporation of India (LIC of India) is likely to submit new unit-linked insurance plans ULIPs with the IRDA in light of its two plans coming to a close.