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IRDA fixes Rs 6,000 as maximum charge for exiting ULIPs

Monday 12, July, 2010 - Insurance regulator IRDA today said ULIP holders will have to pay up to Rs 6,000 if they want to discontinue a policy within the first four years. The IRDA (Treatment of Discontinued Linked Insura ....

ING insurance unit to invest Rs 240 cr in India

Thursday 01, July, 2010 - The Indian insurance unit of Dutch financial services firm ING plans to invest Rs 240 crore ($51 million) in 2010/11 to fund expansion in the country, it said on Thursday. "We have a huge opportun ....

RBI issues new valuation norms for insurers too

Friday 25, June, 2010 - Insurance companies will be required to adhere to the Reserve Bank of India’s latest guidelines on pricing of shares of unlisted companies, increasing the amount investors would have to pay for buyi ....

LIC sees gains in fee cap, to grow bancassurance allies

Thursday 24, June, 2010 - Life Insurance Corporation of India (LIC) expects to grow its bancassurance partners under the new regulatory regime, which compels insurers to reduce commission to distributors. Speaking to ET, A ....

IRDA to make ULIPs investor-friendly

Tuesday 22, June, 2010 - Insurance regulator IRDA, which has won its turf war with market watchdog SEBI over regulation of ULIPs, is expected to tighten norms for these schemes, including commission charges, to make them attr ....

IRDA cracks whip on corporate agents

Saturday 12, June, 2010 - MUMBAI: In a move to pin more responsibility upon insurance companies for actions of corporate agents, insurance regulator IRDA has said that a decision to appoint a corporate agent should be taken ....

Petitioner wants PIL on ULIP ban heard by HC

Friday 11, June, 2010 - Rajendra Thacker, who has filed a public interest litigation against SEBI's ban on sale of unit-linked insurance plans (ULIP) by insurance companies, urged the Bombay High Court on Thursday that the ....

Policies valid despite withdrawal of agency licences: IRDA

Thursday 10, June, 2010 - Insurance regulator IRDA today sought to assure customers that their policies would remain valid despite the withdrawal of licences of over 4,200 corporate entities, including HDFC Bank, Indiabulls ....

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