Similar steps are also initiated by governments of various countries which could result in disruption in the operations of reinsurers, IRDAI said.
Insurance watchdog IRDAI says 'yet to get' proposal from LIC on IPO; announcement made during Budget 2020
Khuntia said only LIC has undertaken efforts on micro-insurance and exhorted others to fasten up on the same given the needs in India
PMC crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for full amount?
The deposit insurance guarantee scheme was set up in 1961 to ensure depositors are guaranteed at least some amount in the event of a bank collapse
DHFL has already submitted a resolution plan to its committee of core creditors, which is currently being evaluated,
Bankers worry DSP Mutual Funds' legal action will delay rescue of DHFL; other creditors may be pushed to take legal action
In July, DHFL said it was "undergoing substantial financial stress" and may not survive as a going concern
Infosys McCamish partners with Pan-American Life Insurance Group, to provide policy administration services
As part of the partnership, Infosys McCamish will provide policy administration services for PALIG's new global assets Indexed Universal Life (IUL) product,
Insurance companies will have to inform about claim settlement status to policyholders at various stages of processing from July, Irdai said on Wednesday
Quality of debate on economic issues has suffered, says Arun Jaitley at Moneycontrol Wealth Creator Awards
Addressing the inaugural edition of the Moneycontrol Wealth Creator Awards through a video link, Jaitley said, “digital platforms like Moneycontrol are serving a great national purpose by making debate, discussion and policy formulation, meaningful,” he said.
Madras HC says insurance firms not liable to pay compensation to people travelling by goods carriers
The Madras High Court Friday held that insurance companies cannot be made liable to pay compensation to accident victims who travel in goods carriers.
Central Vigilance Commission directs banks, insurance companies to rotate employees in sensitive posts to check frauds
The move assumes significance as many big-ticket frauds have been reported recently from the banks.
Kerala floods: PSU general insurers promise quick settlement of car, bike claims; set up camps across state
In the case of the Kerala floods, the loss will be higher under the motor insurance portfolio as the state has a sizeable number of costly vehicles.
IRDAI asks insurance firms to make provision to cover mental illness with immediate effect
The total number of shares that HCL proposes to buy back represents 2.61 percent of fully paid up equity shares of the company, while the buyback size stands at up to Rs 4,000 crore.
One should purchase a health insurance policy as soon as possible to avail the benefits of lower premium.
It's too early to say which model is the best. One also cannot be dogmatic. The first two years will bring to fore the pitfalls and good aspects of a model.
Incentive to corporate sector, selling of public utilities and privatisation in Union Budget 2018 is justified for public needs i.e. capital for development.
Leveraging low-cost digital distribution channels for sales and service is likely to play a significant role in helping insurance companies says study.
Why RBI needs to tap insurance, pension funds for infra finance and not go for long term finance banks
The real issues faced by infrastructure projects relate to clearances and land acquisition which are governance issues rather than banking
The finance ministry uses the LIC as an investor of the last resort when its disinvestment offerings bomb. Most of the LIC's actions evade public scrutiny as it is 100 percent owned by the govt. A listing would make it more accountable