Page 2 - Insurance Firms

Irdai says no decision on mandatory disclosure of insurance commissions

Irdai said it regulator intends to hold discussions on the matter before a decision

Regulator allows insurance firms 'use & file' procedure for agri products

Companies can introduce a product in the market and then file with the Insurance Regulatory and Development Authority of India (Irdai) for approval

Irdai seeks to remove Rs 100 cr entry cap for new players in insurance biz

Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai), said it should be left to the regulator instead to decide what should be the entry fee for interested players

Ahead of mega IPO, TN CM Stalin asks Centre to rollback LIC divestment

An ideal government builds institutions instead of involving itself in a selling spree. I urge the Union government to rollback this ill-thought-out decision and save LIC India: Stalin

15-year cap on tenure of MD, CEOs of insurance companies on cards

Proposed remuneration to be divided between fixed/variable pay, perquisites

Three private life insurers increase term plan rates by 10-30%

Munich Re had nudged its insurance partners on the hike in September and insurers were engaged in negotiations with the reinsurer on the quantum of increase.

MCA expands small firm definition, raises turnover and borrowing limits

This would enable a wider set of companies to avail of greater flexibility in the accounting standards, according to a notification issued on Wednesday

Govt's draft proposals tie insurance FDI hike to solvency margin

Draft proposes 180% if firms with over 49% foreign stake declare dividend

RBI restricting banks from raising stakes in insurance firms: Report

The RBI wants banks to focus on their main areas of business instead of locking away capital in non-core sectors

Axis entities get Irdai approval to acquire stake in Max Life Insurance

Axis Entities will have the right to acquire another 7 per cent in the life insurance company, in or more tranches

Nearly 70k Covid-related claims worth Rs 700 cr settled by insurers: Irdai

Regulator asks insurers to look at more standard products to increase the coverage

IDBI Bank inks pact to divest 27% stake in insurance JV for Rs 595 cr

Currently, LIC-promoted IDBI Bank holds 48 per cent in IFLIC, while Federal Bank and Ageas hold 26 per cent each

Planning to take a health insurance? Buy now to meet future needs

Insurers will have to approve claims after the policy is eight years old

Reduce stake in insurance subsidiaries to 50% or below: RBI to HDFC

HDFC's share price were down almost 8 per cent to Rs 1,512

Life insurance companies register 11.36% growth in premium income in FY20

The 24 life insurance companies' collective premium income stood at Rs 43.33 trillion during fiscal year 2018-19

Insurers see rise in health claims; lockdown reduces motor segment demands

Fewer claims are supposed to improve the insurers' loss ratio in the motor segment, but the industry is divided on this

Life insurers will not invoke 'force majeure' clause for Covid-19 claims

This step was taken to reassure customers who had reached out to individual life insurance companies seeking clarity on this clause

Yes Bank impact on key insurance players explained in numbers, chart

The investment exposures of key insurance players have been hit by ratings downgrades

Govt looking at final bill after cabinet okays funds for 3 insurance firms

The companies would soon announce the formation of joint Lok Adalats as well as take the help of the insurance Ombudsman

Insurance firms' trial products promise accurate price covers for policies

The Insurance Regulatory and Development Authority (IRDAI) recently gave the green light to 33 products and services under its regulatory sandbox framework