Latest News on Insurance Regulator
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Insurance Regulator - Total results - 5
Jul 30, 2018
IRDAI says insurers sitting on cumulative Rs 15,167 crore in unclaimed money; big chunk lying with state-run LICInsurance Regulatory and Development Authority of India has asked insurers to identify policyholders or beneficiaries and disburse the claims.
Jul 11, 2018
LIC to make open offer to minority shareholders of IDBI Bank, say sourcesLIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender’s stressed balance sheet.
Jun 30, 2018
LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky betLIC is using the insurance premium it collected from customers to bailout IDBI Bank, and should the experiment go wrong, it will have to answer the customer first.
Feb 12, 2018
Irda to insurers: Transfer unclaimed deposits to Senior Citizens' Welfare Fund by 1 MarchInsurance regulator Irda has asked all insurers to transfer the deposits of policyholders that have been laying unclaimed for over 10 years to the welfare fund by 1 March
Jun 26, 2012
India allows oil cos to import oil using Iran shipsIndia, which recently secured a waiver from US sanctions on importing oil from Iran has allowed state-run oil companies to import from Iran on a Cost, Insurance and Freight basis.