Irdai | The Asian Age

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The panel will create a repository of fraudulent transactions, the entities involved in such activities and their modus operandi. (Representational image)

Common list of hospitals for govt schemes

The committee is also entrusted with standardisation of data and its exchange

07 Mar 2019 1:13 AM

Sebi wants govt rethink on RBI representation on its board

Officials said Sebi first proposed to the Ministry of Finance to amend the relevant provisions in the Sebi Act.

28 Feb 2019 5:51 PM

A top IRDAI source told Financial Chronicle that the meeting was held in Hyderabad on February 19 and it was attended by 26 chairmen of both life and non-life insurance companies.

Insurers asked to focus on governance

The high-level meeting was the first of its kind.

22 Feb 2019 1:48 AM

Set up core 'sandbox committee' to promote digital innovations: Irdai panel

Loosely defined, a sandbox approach means experimenting and learning before finally adopting a technology or system.

17 Feb 2019 2:40 PM

Irdai’s recent circular on the CPA cover has provided clarification in line with the Indian Motor Tariff provisions.

Irdai delinks personal accident cover from 3rd party motor insurance

The insurers have been asked to file the standalone CPA as a product under the file and use guidelines along with its pricing.

13 Dec 2018 10:02 AM

The company plans to commence operations by the December quarter of 2018.

Reliance Health Insurance gets final nod from Irdai to start operations

Shares of Reliance Capital were trading 1.36 per cent higher at Rs 272.70 apiece on BSE.

05 Oct 2018 11:51 AM

The insurance regulator in June had permitted LIC to increase its stake to 51 per cent in IDBI Bank.

IRDAI to set timeline for LIC to cut stake in IDBI Bank to 15 per cent

LIC currently holds 7.98 per cent in debt-ridden IDBI Bank, and is in the process of increasing its stake to 51 per cent.

07 Sep 2018 3:59 PM

The LIC board will meet on September 4 to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51 per cent, a move that will provide insurance behemoth entry into the banking space.

LIC Board to meet on Sept 4 to decide on raising stake to 51 pc in IDBI Bank

The board will consider the proposal on August 31.

30 Aug 2018 1:01 PM

See the signs

The YMFHA program was first conceptualised in Australia.

21 Aug 2018 5:19 AM

Irdai has given the directive in reference to the Mental Health Act, 2017 which came into force on May 29, 2018.

Irdai asks insurers to cover mental illnesses

The Mental Health Care Act was passed by the Parliament of India in 2017.

17 Aug 2018 1:04 PM

Policyholders/beneficiaries are required to enter their details in a window provided on the website of the insurer to find out the unclaimed amount.

Rs 15,167 crore policies lie unclaimed: Irdai

Insurance regulator Irdai has already asked insurers to take steps to identify the policyholders or beneficiaries and disburse the claims.

30 Jul 2018 12:46 AM

Rs 15,167 crore unclaimed money of policyholders lying with insurers

The insurers have to update information regarding unclaimed amounts on their websites on half-yearly basis.

29 Jul 2018 12:21 PM

The board meeting took place a day after LIC got approval of its board to increase its stake in the bank up to 51 per cent.

IDBI Bank seeks Centre’s nod to sell stake to LIC

Irdai has already given its approval to the insurer for the stake purchase.

18 Jul 2018 5:47 AM

The LIC board on Monday gave approval to the insurance behemoth for acquiring of up to 51 per cent stake in IDBI Bank, Economic Affairs Secretary S C Garg said on Monday.

LIC board approves acquisition of up to 51 per cent stake in IDBI Bank

Insurance regulator Irdai has already given its approval to the insurer for the stake purchase.

16 Jul 2018 2:28 PM

Acting tough on those violating emission norms, Irdai has said vehicles without a valid Pollution Under Control (PUC) certificate will not be insured.

No vehicle insurance without PUC certificate: Irdai

Irdai in a notification has directed all general insurance companies not to insure a vehicle unless it has a valid PUC certificate.

09 Jul 2018 4:59 PM

B Sriram on Saturday assumed charge as Managing Director and CEO of IDBI Bank, according to a regulatory filing.

Sriram takes charge as MD and CEO of IDBI Bank

Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of RBI.

30 Jun 2018 6:54 PM

Leading bourse BSE and its joint venture (JV) partner Ebix, a US-based insurance exchange, are awaiting approval from the IRDAI to start an insurance distribution exchange platform, and expect to launch it by the end of this year, a senior BSE official said.

Bombay Stock Exchange, Ebix plan to launch insurance platform

It will allow distribution outlets, brokers, advisors and financial institutions to sell insurance products.

12 Jun 2018 3:08 PM

Given the downward pressure on interest rates, the actual yields on future premiums are only expected to be lower, the panel said.

Irdai seeks host of changes for returns

In January, it constituted an eight-member committee to make recommendations on the amendments required in the regulations.

18 Dec 2017 12:41 AM

Currently, there are 24 companies each in life and non-life insurance spaces.

Irdai gets 5 applications for non-life, reinsurance business

Irdai has not received application from any new life insurance company so far.

13 Oct 2017 8:15 PM

The company will leverage SBI's sole branch in that country to service its products and tie-up with local banks later.

SBI Life to open Bahrain branch by December

Company has received the requisite approvals from the Central Bank of Bahrain and the Indian regulator IRDAI.

08 Oct 2017 11:35 AM

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Shashi Warrier