Tag: Irda

Kolkata: Non-life insurance companies posted over 33 percent increase in their gross premium income (direct premium income underwritten) to Rs 10,287.7 crore in February as compared to Rs 7,710.81 crore in the year-ago month. According to data compiled by the Insurance Regulatory and Development Authority (IRDA), private sector general insurers’ gross direct premium income underwritten in […]

The government on Wednesday allowed 26 per cent foreign investment in activities related to insurance like broking, third party administrators and surveyors and permitted FIIs and NRIs to also invest in insurers within the stipulated cap

New Delhi: A working group set up by insurance regulator Irdai will look at reviewing the regulations on formulae of current Motor Third Party obligations. “The working group to revisit the IRDAI (Motor Third Party Obligation in respect of insurers), Regulations 2015,” the Irdai said. Sec 32D of the Insurance Act, 1938 requires every insurer […]

New Delhi: Amid the raging debate over the death of Bollywood actor Sushant Singh Rajput, who is alleged to have been depressed before his apparent suicide on June 14, Supreme Court on Tuesday issued notice to the Centre and Insurance Regulatory and Development Authority (IRDA) on a PIL seeking direction to all insurance companies to […]