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IRDAI INVESTMENT NORMS
Centre allows 100% FDI in insurance via auto route"Foreign investment in this sector shall be subject to compliance with the provisions of the Insurance Act, 1938(4 of 1938), and the condit...
India notifies 100% foreign investment in insurance sector, LIC limit stays at 20%The central government has notified 100% Foreign Direct Investment (FDI) in insurance companies under the automatic route, allowing foreign...
Finance Ministry plans to broaden Actuaries Act scope beyond insurance, pensionsThe finance ministry is set to update the Actuaries Act, 2006. This will expand actuarial science to include data science and risk manageme...
I am 80 and my wife is 78. Can we increase our coverage to Rs 10 lakh each?ET Wealth Reader's Query: I am 80 and my wife is 78. We currently have medical insurance coverage of Rs 7 lakh each. We would like to incre...
Irdai clarifies on AIF norms for insurersThe Insurance Regulatory and Development Authority of India (Irdai) has granted insurers greater flexibility in investing in Alternative In...
Irdai could change the norms for insurance consolidated investmentThe amendments also clarify that the prohibition on creating encumbrance or charge on assets backing policyholders' liabilities will not ap...
Insurers may get to put more in REITs, InvITsIndia's insurance regulator, IRDAI, is proposing to double investment limits for insurers in REITs and InvITs, aiming to channel more long-...
Insurance regulator relaxes norms for investments in HDFCIRDAI has said that the exemption will only be with respect to holdings of the respective insurers as on June 30, 2023, and will be scaled ...
3-in-1 insurance: Soon, you can get life, health insurance and market linked investment in one combo productUnder the revised procedure, the insurers are now permitted to 'use and file' group unit-linked life and health insurance products. IRDAI h...
Compliance relief: Irdai reduces number of returns to be filed by insurers for health insuranceIn India, insurers are mandated to submit various returns to the regulator, including financial statements on annual basis, valuation of as...
IRDAI cautions insurers against loading up on bonds of HDFC cosEarly April, mortgage lender Housing Development Finance Corp (HDFC) proposed the merger with HDFC Bank. After the announcement, insurers w...
Reinsurers may get to invest in overseas sovereign bondsThe Rs1.5-lakh-crore general insurance market has become attractive for foreign reinsurers.
LIC defends decision to buy DHFL bondsA spokesman for LIC said that it's mandatory for the institution to invest at least 15% of its life fund in infra and housing sector.
Indian Accounting Standards: Insurers seek clarity on many issues as deadline nearsVarious industry players and sectoral experts cite taxation issue as the most teething concern coupled with the impact on solvency, determi...
Insurers to file compliance to investment norms form March"As the Regulations mandate certain systems and process to be put in place, the IRDAI (Investment) Regulations, 2016 shall be effective fro...
Life insurers must disclose investment return details in ads: IRDAIInsurance sector regulator IRDAI has directed life insurers in the country to mandatorily detail guaranteed and non-guaranteed benefits on ...
IRDAI seeks suggestions on proposed amendments to its rulesIRDAI has sought public comments on proposed amendments to its existing norms pursuant to the introduction of Insurance Laws (Amendment) Ac...