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Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

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 IST

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 July 2018 5:47 AM IST

Keeping the flood scenario in many parts of the country, recently the Insurance Regulatory and Development Authority of India (IRDAI) advised insurance companies to expedite claim settlement.

Floods: Insurers expect over Rs 1,000-cr claims

Two senior officials of a public sector insurance company said the industry expects as many as 10,000 floods-related...

23 Aug 2019 1:31 AM IST