The new rules had changed the product structure and surrender benefits, making products more transparent for customers
Mumbai office to follow shortly
Insurers raise several questions, not in a rush to tie-up with them
Working group has been constituted with the chief executive officers of ten insurance companies
Authority advises company to lay adequate emphasis on effective procedures for strengthening the compliance norms of the AML master circular
The new rules had changed the product structure and surrender benefits, making products more transparent for customers
India's largest insurer yet to file product in segment under new regime
Irda also directed LIC to put in place system to analyse data pertaining to surrenders and directed the Corporation to be vigilant in future
From extended warranty covers to additional benefits, 2014 will see a number of new launches
Chairman had earlier indicated that the regulator was in favour of banks acting as 'brokers'
Aims to tackle attrition, mis-selling with the initiative
An IDF can be launched through the mutual fund (trust) route or through the NBFC (company) route
Bancassurance, or the process of banks selling insurance products, follows a corporate agency structure
Irda pulled up the insurance major for a 'misleading' print advertisement
Prior to taking charge, he was the executive director of the company
Panel would also examine as to how much extent FDI limit can be increased in intermediaries
According to the insurer, investment income would support the overall profit this fiscal
Insurance regulator had imposed a fine of Rs 76 lakh on PNB Metlife for violation of various guidelines