‘Protect Insurance Investors’ From Spurious Calls & False Selling
In the wake of rising spurious calls with attractive insurance policies on offer, sector regulator IRDA has asked industry players to tackle the menace to protect the interest of investors. The Insurance Regulatory and Development Authority (IRDA) in a letter...
Continue reading full story (read times) Add a Comment - 0 users commented on this postPanel To Make Rules For Demat Insurance Policies in Inida
In a move that will usher in demat of insurance policies, insurance regulator Irda on Thursday has set up a working committee to chart out the modalities for electronic issuance of insurance policies. India may be having low insurance penetration...
Continue reading full story (read times) Add a Comment - 0 users commented on this postLIC Introduces Two New Life Insurance Plans
Life Insurance Corporation of India has introduced two new plans Bima Account-I & II (table Nos 805 & 806). The plans are non participating variable insurance type of policies with regular mode of premium payment. The option of top-up facility...
Continue reading full story (read times) Add a Comment - 0 users commented on this postInsurers Should Provide Rs 7,000cr More For 3rd Party
Insurance regulator Irda wants the general insurers to provide additional Rs 7,000 crore for their third party motor business. The general insurance companies which are already bleeding on account of excess claim over premiums are meeting in an emergency meeting...
Continue reading full story (read times) Add a Comment - 0 users commented on this postIRDA Issues Draft Guidelines For General Insurers M&A
Insurance regulator IRDA today came out with draft guidelines for mergers and acquisitions of general insurance companies, that mandates players to explain the intent behind proposed deals....
Continue reading full story (read times) Add a Comment - 0 users commented on this postIRDA Registers Complaint Against False Sale Calls
After detecting fraudulent instances on similar lines that had hit Citibank’s wealth management operations in the country, the insurance regulator has filed a police complaint in New Delhi...
Continue reading full story (read times) Add a Comment - 0 users commented on this postiProtect – an Online Term Insurance From ICICI Prudential Life
Mumbai, August 16, 2010: ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life) today announced the launch of iProtect – a completely online term insurance plan that is extremely affordable. An individual can apply online for iProtect and the payment...
Continue reading full story (read times) Add a Comment - 0 users commented on this postLife Insurance Companies To Exit Cheap Ulips
From September, a prospective customer of any of the life insurance will have no option but buy an expensive Ulip as the life insurers, who will be implementing the new set of stringent regulations laid down by the Insurance Regulatory...
Continue reading full story (read times) Add a Comment - 0 users commented on this postBe Careful of Insurance Quotes on Comparison Websites
Beware of Insurance Quotes on Comparison Websites Caveat Emptor—Let the buyer beware! Next time you shop online with the help of an insurance comparison website, make sure you keep in mind the doctrine. A SundayET study of different insurance aggregator...
Continue reading full story (read times) Add a Comment - 0 users commented on this post“Kotak Life Insurance” Appoints New CIO
Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today announced the appointment of Sudhakar Shanbag as its Chief Investment Officer from December 11th 2009. Mr. Shanbag, a Chartered Accountant has been a part of the Kotak Team in...
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