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IRDA OFFICIAL
'They said it was for tax and fees': Senior citizen spends Rs 64 lakh to 'recover' old insurance funds, ends up with a police notice for criminal activity insteadA 62-year-old senior citizen from Navi Mumbai was cheated of Rs 64 lakh over four years by cyber fraudsters who posed as officials from the...- Irda warns public against fraudulent callsThe callers also use names such as Insurance Transaction Department, RBI or any other name of existing government agencies or some non-exis...
- LIC may get to keep company stakes above 15%Irda is likely to say that stateowned LIC can maintain its stakes in about 40 entities.
- Subrata Roy seeks time from Irda to turnaround Sahara Life InsuranceIrda had flagged concerns over the management of Sahara Life, saying it had reasons to believe the insurer may act in a manner “prejudicial...
- Fresh merger structure to IRDA by Max Life-HDFC LifeIRDA expressed concerns about the deal structure since the last stage of the merger was between a holding company and a life insurance comp...
- HDFC, Max may have to rejig terms for new lifeInsurance Act does not allow merger between an insurance company and a financial services company, said an Irda official.
- Impostors on the prowl on insurance front, don't trust anyone blindlyIrda has recently issued two alert notes cautioning prospective policyholders about spurious insurance offers made by fraudsters posing as ...
- Life Insurers in bind over mandatory customer bank account detailsThe new norms, prescribed by insurance sector regulator IRDA, came into affect from April 1, 2014, and make it mandatory for insurers to se...
- Andhra high court stalls hiring, promotions for some IRDA jobsSeveral candidates, both applicants for new positions and those aspiring promotions, had moved the high court alleging irregularities.
- Irda frowns upon bank officials joining insurers' boardsThe insurance regulator does not want bank officials on the boards of insurance companies due to conflict of interest despite them being pr...
- IRDA advised to study, relax norms for rural branchesThe government has asked the insurance sector regulator to examine and relax the branch opening norms for the smaller cities.
- Irda to chalk out board meeting agenda with industry executivesIn addition to routine developments, the regulator will discuss matters related to investments that will be taken up by the board later, sa...
- Irda hits out at finance ministry over broker fee paid by reinsurersIRDA has told the finance ministry that it does not have the authority to decide on commission paid by reinsurers, triggering a turf war wi...
- IRDA may let insurers invest in gold and ETFsThe IRDA is vetting a proposal to allow life insurance companies to invest in gold and exchange-traded funds.
- All Ulips, pension products to now come with life coverThe insurance watchdog Irda has made it mandatory for insurance companies to provide life cover for all Unit Linked Insurance Plans (Ulips)...
- Irda tells postal dept to fall in line, triggers rowIndia's top insurance regulator has demanded that the country’s postal department adhere to its norms while selling insurance products.
- IRDA asks LIC for plan to pare its holdings in cos to 10%IRDA, has asked Life Insurance Corporation (LIC) to chalk-out a plan to reduce its stake in those companies where it holds more than 10 per...
- Not all insurers will get free pricing nodThe Insurance Regulatory Development Authority (IRDA) has now decided to allow free pricing for insurers on a case to case basis.
- Want Life? Get shot!Insurance agents will soon have to learn some basic skills on photography.
- IRDA pulls up National Insurance CompanyThe Insurance Regulatory and Development Authority has pulled up the National Insurance Company for not mentioning the premium rate in a gr...
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