A bank should have only one broking licence: IRDA panel

Strengthening its international co-operation, insurance sector regulator Irda has joined hands with some of its global peers for sharing and exchange of sectoral information. Insurance Regulatory and Development Authority (Irda) has become a signatory to the ...

PNB MetLife is the latest insurance company to get a lifeline with Punjab National Bank buying 30% into the company. Rajesh Relan, MD and CEO of PNB MetLife, says the bancassurance model will have to move away from reward and recognition to training and ...

Last year, the insurance regulator constituted four working groups which included members from the life insurance industry and IRDA for standardisation of 18 products The actuarial department of IRDA (Insurance Regulatory and Development Authority) ...

The Insurance Regulatory and Development Authority (IRDA) is considering over a proposal to set up a depository that will allow customers to hold policies in paperless form similar to investors holding equity shares in

To fast-track the product approval process, the Insurance Regulatory and Development Authority (IRDA) has set the ball rolling by unveiling the standard parameters for five key life insurance products. After discussions with the Finance Ministry last year, ...

IRDA's new guidelines usher in landmark changes, making health insurance more customer-friendly. I made no claims on my medi-claim policy, taken in 2009, till recently, when my son fell sick. I am now told that my entire accumulated bonus is lost. This is the ...

The regulator is likely to allow business correspondents of banks to sell policies in India's rural regions to boost sales The IRDA (Insurance Regulatory and Development Authority) wants risk cover providers to offer maturity benefits on every ...

IRDA has mandated that ULIPs do continue in the existing conditions with some minor changes. Sanjay Tiwari of HDFC Life explains how one can benefit from it.

Issue It would help consumers greatly the IRDA provides details about the insurance companies that follow the regulations.Srikaran paid a premium of Rs.17,831 and took a medi-claim polic...