Supreme Court seeks reply from Centre and IRDA on plea for inclusion of mental illness under insurance policies
The Supreme Court Tuesday sought response from the Centre and the Insurance Regulatory Development Authority (IRDA) on a plea alleging violation of provisions of Mental health law, which deals with the right to equality and non-discrimination. A bench of Justices RF Nariman, Navin Sinha and BR Gavai issued a notice on the plea and sought their responses.
Similar steps are also initiated by governments of various countries which could result in disruption in the operations of reinsurers, IRDAI said.
CAIT urges govt to restrict e-commerce companies to sell only essential goods; seeks fiscal stimulus to tide over crisis
The CAIT urged Goyal and Paswan that the e-taliers should be allowed to sell only essential commodities and they should be directed to close their portals for rest of the products.
The FDI policy earlier allowed 49 percent foreign investment in the insurance sector, which includes insurance intermediaries
Cholamandalam MS General Insurance has to pay the penalty amount of Rs 1 crore within 15 days of receiving the order, according to news reports
Public listing of Life Insurance Corporation of India on cards; dilution to happen with sale of small tranche, says report
The process is in the early stage and has been discussed within the government, sources were quoted as saying in media reports
Govt mulls merger of state-owned general insurance companies with New India Assurance to create synergy
The idea is to fast track stake sale in the public sector general insurance companies, which has been pending for the past two years, sources said
Govt plans to merge all four state-run insurers to form single, mega entity under New India Assurance Co
The government is reportedly planning to form a single, mega entity by merging all four state-run insurers - New India, Oriental National, United India and New India Assurance
ESI contribution rate cut a step in right direction, but quality of services at hospitals leaves a lot to be desired
With this reduction, the employers’ contribution to the ESI Act has been reduced to 3.25% from 4.75% and the employees’ contribution has been reduced to 0.75 percent from 1.75%.
IL&FS should be allowed to fail than forcing a LIC-sponsored bail-out; time to stop gambling with policyholders' money
IL&FS should be allowed to fail than forcing a LIC-sponsored bail-out
IDBI, which has the worst asset quality among all the banks with a 28 percent bad loan pile, said it has received a letter from LIC on Monday expressing interest to increase its holding to 51 percent through preferential allotment of shares or an open offer or a combination of both.
LIC has been looking to enter the banking space by acquiring a stake in IDBI Bank as the deal is expected to provide business synergies
Ex-bureaucrat Subhash Chandra Khuntia to head insurance regulator IRDAI for three-years, succeeds TS Vijayan
Former IAS officer Subhash Chandra Khuntia was on Tuesday appointed as the new Chairman of Insurance Regulatory Development Authority of India (IRDAI)
PNB fraud: RBI had no clue on Rs 11,400 cr scam for seven long years; can a super regulator do the job?
The PNB fraud highlighted a larger systemic problem raising questions about the effectiveness of regulatory framework followed by Indian banking system, risk management practices and vulnerability of Indian banks to fraudulent transactions that extends across the border
Insurance 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
LIC warns policyholders against sharing Aadhaar number through SMS; clarifies that it has not begun the facility to link Aadhaar
The notice further added that as and when LIC will enable linking of Aadhaar number with policies through SMS, its website will be updated with this option.
As and when LIC will enable linking of Aadhaar number with policies through SMS, its website will be duly updated of this option.
Medical insurance bought this year is not enough for next year, says CEO of Cigna TTK Health Insurance
The only reason why we say insurance lags in digitization is because most consumers compare us to an amazon or Flipkart experience.
Globally, reinsurers earn a premium that is three times their networth.
This comes within days of another group firm -- Reliance Nippon Life Asset Management Company -- announcing plans to get listed.