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Insurance Regulatory and Development Authority of India News
Insurance Regulatory and Development Authority of India
Third party motor insurance gets costlier; IRDAI issues new rates for cars, two-wheelers, other vehicles
Wed, Jun 05, 2019
The third party premium rates are revised every year by the IRDAI after April 1.
Alert! No car insurance without valid PUC certificate, says IRDA
Mon, Jul 09, 2018
The Insurance Regulatory and Development Authority of India ( IRDAI ) has asked insurance companies not to insure a vehicle unless it has a valid pollution under control (PUC) certificate
Car insurance: You will be able to save money; here is how
Thu, Mar 08, 2018
Car insurance: The Irdai proposes to more than double the premium on super-bikes (exceeding 350 cc) to Rs 2,323. Also, an increase has been proposed in the case of performance category bikes (150-350 cc).
Reliance Capital's insurance arm receives in-principle nod from IRDAI for IPO
Tue, Sep 05, 2017
Rakesh Jain, Executive Director and CEO, Reliance General Insurance had said, "The listing will enable retail investors to participate in this high growth and new wealth creation opportunity."
ICICI Prudential keen to buy Sahara Life Insurance
Tue, Jul 04, 2017
Sahara Life had sold 665 policies worth Rs 1.53 crore during the April-May period of the current fiscal. The company had collected a premium worth Rs 44.68 crore from 16,058 customers in 2016-17.
HDFC Life-Max Life merger on hold again as IRDA denies permission
Fri, Jun 09, 2017
Max Life Insurance and HDFC Life had decided to merge to create a Rs 50,000 crore insurance company. However, IRDAI is not really pleased with their proposal and has turned down the scheme.
Non-life premia set to go up as regulator backs move
Mon, Mar 13, 2017
In fact, the insurance regulator IRDAI has also hinted at a premium hike especially in third-party motor premium and the group health insurance from April 1 when most of the renewals take place in the domestic general insurance market.
IRDAI imposes Rs 10 lakh penalty on SBI Life Insurance Company
Thu, Sep 22, 2016
Regulator IRDAI has imposed a penalty of Rs 10 lakh on SBI Life Insurance Company for violations of various norms, including guidelines on accepting business from a corporate agent after the expiry of licence.
6 new players likely to enter reinsurance market in India by January 2017: IRDAI
Sat, Sep 17, 2016
Up to six new players in the reinsurance market are likely to enter India by January 2017, the Insurance Regulatory and Development Authority of India (IRDAI) chief TS Vijayan, said at an Assocham event.