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IRDA PROPOSAL
PB Fintech shares rebound 4% after massive 36% crash. What are Jefferies, others saying?PB Fintech shares plunged 36% in the previous session following IRDAI’s proposal to curb ‘dark patterns’ on insurance websites. The propose...- Dalal Street slumps on oil spike, bond rout & Irda joltThe US 10-year Treasury yield moved above 5.10%, while Brent crude remained above $102 a barrel, raising concerns over global liquidity, in...
- PB Fintech shares crash 36%, bloodbath wipes off Rs 31,426 cr from m-cap after IRDAI’s reform plans. What Citi and Jefferies are warningPB Fintech shares crashed 36% to a 52-week low after IRDAI proposed an overhaul of insurance distributor commissions. The proposed norms co...
- Sulphur prices surge: Govt plans differential subsidies for DAP productionThe government plans to introduce differential subsidies for DAP under the Nutrient Based Subsidy scheme, with rates potentially varying ba...
- RBI weighs Anup Bagchi for HDFC top job; seeks feedback from Irda, ICICI Bank on his candidature due to 3-year gap from mainstream bankingThe Reserve Bank of India is actively seeking opinions on the possible appointment of Anup Bagchi as CEO of HDFC Bank. Currently with ICICI...
- No insurance, no fuel? Supreme Court proposes pilot project, extends tenure of third party insurance cover for new vehiclesThe Supreme Court has proposed new measures to address widespread non-compliance with mandatory motor insurance laws. Automatic e-challans ...
- SC proposes no fuel for uninsured vehicles, seeks tech-driven road safety overhaulThe Supreme Court has directed the Centre to design a pilot project denying fuel to uninsured vehicles. This initiative aims to improve roa...
- 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...
- Irda proposes capping rewards for agents, intermediariesInsurance regulator Irda proposed to cap the reward for individual insurance agents at 20 per cent of first year commission and 40 per cent...
- Motor insurance premium to go up from April 1: IRDACharges for the third party insurance cover, as per the IRDA exposure draft, will go up for two-wheelers, passenger cars and commercial veh...
- Irda for insurers opening 25% of new offices in smaller areasThe proposed regulations have been made to help increase the penetration of the sector in rural and semi-urban areas, Irda said.
- IRDA issues draft IPO norms for general insurance companiesGeneral insurance cos planning to tap capital market for funds should have 10 year experience from the sector regulator, IRDA said.
- IRDA wants kirana shops, chemists to sell micro insuranceIRDA today proposed to rope in kirana shopowners, chemists shops and petrol pump operators to sell micro insurance products.
- IRDA to do away with mandatory 4.5% return on pension schemesThe insurance regulator IRDA on Monday proposed doing away with the assured 4.5 per cent return norm for pension schemes.
- TCS, Wipro, Infosys in race for IRDA projectInsurance watchdog IRDA has shortlisted IT biggies Tata Consultancy Services (TCS), Mahindra Satyam, Deloitte, Infosys and Wipro for implem...
- IRDA proposes cancelling licences of non-consistent agentsSectoral regulator IRDA has proposed that the licences of life insurance agents be cancelled if they fail to annually renew at least 50 per...
- Irda rejects FINWEB proposalThe insurance regulator Irda has shot-down a proposal to register all financial advisors with the Financial Well-Being Board of India (FINW...
- IRDA to speed up grievance redressal, virtuallyA new web-based complaint tracking system by the insurance regulator will let both, the complainants, and the regulator, check the status o...
- IRDA to crack the whip on errant cosThe insurance regulator is planning to take strict action against those issuing unsolicited insurance policies without receiving proposal f...
- 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.
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