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INSURANCE ACT 2015
En route to D-Street: NSE files draft papers with SebiThe National Stock Exchange has filed its draft prospectus with Sebi, moving closer to its long-awaited Initial Public Offering. The IPO is...- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- Climate-resilient farming in the age of extremesAs extreme weather events become more frequent and less predictable, the future of Indian agriculture will depend on how effectively it com...
- Govt may hike FDI limit in pension sector; Bill likely in Monsoon SessionThe government is poised to significantly boost foreign direct investment in the pension sector, potentially raising the limit to 100%. A b...
- Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
- Indian control clause for insurance may goThe government has held several meetings with the insurance regulator, insurers and consultants on higher FDI in the sector. Many global in...
- SBI Life fined Rs 4 lakh by Irdai for violating norms on protection of policyholdersInsurance sector regulator Irdai has imposed a fine of Rs 4 lakh on SBI Life Insurance Company Ltd for violating norms on advertisement and...
- Irdai asks insurers to transfer unclaimed money to Senior Citizens' Welfare FundSenior Citizens' Welfare Fund Act, 2015 (SCWF) mandates transfer of unclaimed amounts of policyholders to the fund after a period of 10 yea...
- Irdai takes over the management of Sahara India Life Insurance Co; appoints R K Sharma as administratorIrdai said that chairman (Subrata Roy) of the Board was in judicial custody and people were not willing to join the company.
- Fairfax floats another JV in general insuranceAs per the plan, Fairfax entities will own close to 45% of the joint venture, while Goyal will have a 15% stake and the remaining will be h...
- India's insurance premium jumps 7.9 per cent in 2015, says studyThe life premium collection witnessed a turn-around in India in the last calender year, which grew by 7.8%, against a contraction of 2.1% i...
- 6 insurers get FIPB nod for Rs 2,566-crore FDI till Feb 20166 private insurers have got FIPB approval for foreign investment proposals worth Rs 2,566 crore till February after the government increase...
- Irdai okays 16 FDI proposals worth Rs 14,592 croreThe Insurance Laws (Amendment) Act, 2015, provides for an increase of foreign investment cap in an Indian insurance company to 49 per cent ...
- Access Asset Managers, others to buy 25% stake in Alliance Insurance BrokersPrivate equity firm Access Asset Managers and some other investors will put in Rs 55 crore to acquire 25% stake in Alliance Insurance Broke...
- Law Ministry vetting Bill to amend EPF & MP ActThe proposal to provide an option to choose between EPF and NPS for over 5 crore subscribers of the retirement fund body EPFO has been sent...
- Trade unions reject proposal to discuss Employees' State Insurance (Amendment) Bill"I urge trade unions to come up with specific objections to the proposed amendment and we will tread with caution," labour minister Dattatr...
- 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...
- IRDA draws up framework to widen health insurance reachThe review of health insurance guidelines follows the amended Insurance Act 2015 which recognises health insurance as an independent vertic...
- Government extends deadline for insuring deposits taken by companiesThe Companies Act, 2013 as part of efforts to curb instances of illegal money pooling activities as well as protect the interest of investo...
- Insurance sector to get lot of foreign investment: Arun JaitleyLast week, Minister of State for Finance Jayant Sinha had said foreign capital to the tune of Rs 25,000 crore was likely to flow into the i...
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