Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed.
35 search results for "irda"
SEBI, IRDA working on insurance IPOs
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.
Policies valid despite withdrawal of agency licences: IRDA
Insurance regulator IRDA today sought to assure customers that their policies would remain valid despite the withdrawal of licences of over 4,200 corporate entities, including HDFC Bank, Indiabulls Insurance Advisors and Indian Overseas Bank.
IRDA to regulate telemarketing of insurance
The Insurance Regulatory and Development Authority (Irda) has now proposed to streamline the promotion of insurance products through distance sales channels, such as the telephone and the internet.
IRDA bans over 4,000 corporate agents
The Insurance Regulatory and Development Authority (IRDA) has said that as many as 4,261 corporate agents, out of the total 7,000 in the country, are not authorised to sell policies from March 31, this year.
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.
Merger of HDFC Life, Max Life
Mortgage lender HDFC today said it has informed insurance regulator IRDAI that the proposed merger of Max Life Insurance Company with HDFC Life is structural in nature.
Low Premium vs Insurers Claim settlement records
Every needs a cheap and best deal, same is the case with life insurance. Now a days there are lots of life insurance companies in India.
ICICI Lombard
ICICI Lombard GIC Ltd. was incorporated on 30 October 2000. It is a 74:26 joint venture between ICICI Bank Limited; India’s second largest bank with USD 75 billion in assets and Fairfax Financial Holdings Limited. Based in Canada, Fairfax Financial…
Insurance Awareness Campaign
Insurance companies have been operating for more than 150 years, prior to nationalization, which took place in 1973,