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SENIOR 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...- Private equity funds can be promoters of insurance companies with 5-year lock-in riderThe minimum capital requirement for insurance companies is Rs 100 crore.
- LIC will have to prune stake in ITC & L&T to 15%Earlier this year, Irda had asked India's biggest life insurance company for a roadmap.
- 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...
- Asset management companies may get to manage Rs 19 lakh crore insurance fundsAMCs may get to manage nearly Rs 19L-cr insurance funds in India, if a proposal moved by finance ministry finds support in a committee of t...
- IRDA may make insurance broking model compulsory for banksIRDA may make the broking model for banks compulsory soon if significant traction is not achieved in insurance penetration.
- Insurers want declined risk pool to be dismantledThe non life insurance industry wants the newly formed declined risk pool to be dismantled, said senior Irda official.
- 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, finance ministry lock horns over LIC’s stake ceilingFinance ministry allowing Life Insurance Corporation to own up to 25% of a listed company over the objections of sector watchdog Irda.
- 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 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.
- How government cover came in handy for IRDA to swing the dealThe development came as hardly a surprise to the seasoned former civil servant who had been privy to the decision taken at the highest leve...
- 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)...
- SEBI-IRDA Row: Personalities shape IRDA-SEBI turf warMr Hari Narayan, who heads the Insurance Regulatory and Development Authority (Irda), promptly asked insurers to ignore the order.
- Sebi, Irda set to take Centre stage on ULIPs rowBoth the regulators have armed themselves with legal opinion supporting their case.
- IRDA asked to relax life cover norms for senior citizensNational Council for Older Persons has asked IRDA to facilitate health covers for older people.
- 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...
- Senior citizens with health insurance policy problems can post grievances on websiteIRDA will soon launch a website exclusively to cater to the grievances of senior citizens with respect to health insurance.
- Insurers charging higher renewal premium from senior citizens face IRDA musicIRDA has decided to pull up errant insurers either on the basis of inspections or on the basis of specific complaints made by insured.
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