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Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

IRDAI working with govt to create a simple platform for KYC

Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector.

7 Aug 2017 6:05 PM IST

Subrata Roy, former administrator of Sahara Life Insurance Company.

SAT puts off hearing on Irdai-Sahara Life to August 10

Sahara group had moved SAT challenging Irdai order directing transfer of its life insurance business.

7 Aug 2017 2:52 PM IST

SBIs announcement to offload up to 5 per cent stake in SBI Life to a non-promoter group might be construed as a test to see the market response.

SBI Life gets final approval for IPO from SBI central board

SBI Life's net profit grew 10.9 per cent to Rs 954.65 crore in the year to March 2017.

11 July 2017 9:37 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Changes that may affect your pocket

Personal income tax has been slashed to five per cent from 10 per cent on income of Rs 2.5 lakh to Rs 5 lakh.

31 March 2017 2:26 AM IST

ICICI Prudential

ICICI Prudential Life receives fines from Irdai

Irdai has slapped a fine of Rs 20 lakh on private insurer after certain observations.

28 March 2017 9:13 AM IST

Subrata Roy meets Irdai chief on Sahara Life

ICICI Prudential Life submitted a valuation report on the assets and liabilities of Sahara Life to Irdai.

25 July 2017 10:34 AM IST

Sahara chief Subrata Roy

SAT stays IRDAI order on Sahara Life for a week

Sahara Life's asset is more than its liability and there is not a single complaint of non-payment by any policy holder.

31 July 2017 5:10 PM IST

Sahara to challenge IRDAI order on life insurance biz transfer

Sahara Life's asset is more than its liability and there is not a single complaint of non-payment by any policy holder.

30 July 2017 6:14 PM IST

The police say that in the two cases, in 2014 and 2016, insurance policies worth USD 62,000 and USD 30,000 were either taken out or collected. (Photo: Representational/Pixabay)

Irdai makes policy selling easier, starts portal for agents

Portal, isnp.irda.gov.in, is also open to intermediaries in insurance business.

14 April 2017 4:35 PM IST

Regulatory data reveals that most people discontinue their insurance policies in just five years, which is not good for policyholder.

Don't switch life policies too often

The shocking persistency ratio of life insurance products should inspire us to make more informed purchases.

15 Jun 2017 2:34 AM IST

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...

18 Dec 2017 12:41 AM IST

Subrata Roy, former administrator of Sahara Life Insurance Company.

Sahara Life Insurance Co gets new IRDAI appointed administrator

According to IRDAI, the Subrata Roy-run insurer was "acting in manner" prejudicial to interest of subscribers.

12 Jun 2017 9:16 PM IST