The move is aimed at ensuring that lenders do not sell customised insurance products where risk assessment is more complex.

Insurance companies may offer only standard insurance products through banking channel.

Irda today indicated favouring banks to sell products of multiple insurance companies as the move would help deepen insurance penetration.

The finance ministry is attempting to resolve the differences between the banking and insurance sector regulators over allowing banks to be...

The insurance regulator does not want bank officials on the boards of insurance companies due to conflict of interest despite them being pr...

Irda chairman J Hari Narayan believes there are no deep-rooted issues plaguing the insurance sector. The issues of slow growth have nothing...