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PSU banks becoming brokers may disappoint shareholders

Wednesday 25, December, 2013 - Many insurance companies have welcomed the finance ministry's recent circular to public sector banks (PSBs) to become insurance brokers. However, some insurers with shareholder agreements with PSBs sa ....

AEGON Religare Life Ins wins Best Product Distribution Award

Tuesday 03, December, 2013 - The Indian Insurance Congress 2013, honoured AEGON Religare Life Insurance (ARLI) with the Best Product Distribution Award for its online distribution channel in the Indian Life Insurance Awards 2013. ....

RBI issues draft norms for banks' entry into insurance broking

Saturday 30, November, 2013 - The Reserve Bank of India (RBI) on Friday issued a set of draft guidelines that would enable banks to act as insurance brokers. To enable banks to leverage their branch network for increasing insu ....

IRDA plans to provide unique identity numbers to hospitals

Friday 29, November, 2013 - The IRDA (Insurance Regulatory and Development Authority) has initiated a process to provide unique identity numbers to hospitals. According to IRDA, the objective is to help identify hospitals an ....

Max Life Insurance forays into e-commerce

Wednesday 20, November, 2013 - Max Life Insurance today announced its foray into the E-Commerce space. As the first step in its E-Commerce journey, the company announced the launch of the ‘Max Life Online Term Plan’. The pla ....

IRDA proposes to set up Insurance Clearing House

Monday 11, November, 2013 - The Insurance Regulatory and Development Authority on Friday has proposed to set up an Insurance Clearing House. According to IRDA, the inter-company balances in reinsurance and coinsurance busines ....

General insurers can double their investment in liquid MFs: IRDA

Wednesday 06, November, 2013 - Now, general insurers will be allowed to invest an additional 1.5% i.e. Rs. 35 billion. However, the relaxation is temporary After repeated request from the mutual fund association, the Insurance ....

IRDA notifies SLAs to submit compliance by Mar 2014

Thursday 31, October, 2013 - The IRDA (Insurance Regulatory and Development Authority) has advised to all corporate SLA (surveyors and loss assessors) to submit compliance by 12 March 2014. There shall be at least two director ....

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