| Irda plans to cap overall charges on Ulips | 09-JUL-09 |
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| After the Securities Exchange Board of India (Sebi) scrapped the entry load for mutual funds, the Insurance Regulatory and Development Authority (Irda) is considering putting a cap on the overall charges levied on the unit-linked products of life insurance companies. |
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| Draw up plan to cut holdings in cos to 10%, Irda tells LIC | 11-MAY-09 |
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| The Insurance Regulatory and Development Authority (Irda) has directed insurance behemoth Life Insurance Corporation (LIC) of India to chalk out a plan to reduce its stake in companies where it holds more than 10 per cent. |
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| Swine flu impact: No major cancellations, but travellers anxious | 30-APR-09 |
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| R Kannan was looking forward to meet his daughter in Canada and was due to fly on May 2 for a business-cum-pleasure trip that was supposed to take him to the UK, the US and Canada. Kannan, a general manager for Akbar Travels, the largest travel agent in the country, has cancelled his tickets on the advice of his daughter, and will take a call on his trip in a fortnight. “It’s better to avoid if it’s not urgent,’’ he said. |
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| Irda mulling new norms for bancassurance | 10-APR-09 |
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| The Insurance Regulatory and Development Authority (Irda) is working on new guidelines for selling insurance products through banks, or bancassurance. |
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| IRDA keen on asset, liability panel | 27-MAR-09 |
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| The Insurance Regulatory and Development Authority (IRDA) is keen on “insisting” on setting up an asset and liability committee (ALCO) similar to the one in the banking sector after two major insurers reported a combined exposure of Rs 2,300 crore in the beleaguered Satyam Computer Services. |
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| Irda to inspect life insurers' books | 27-MAR-09 |
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| The Insurance Regulatory and Development Authority (Irda) will soon start inspecting life insurers’ records with regards to group policy operations, since the regulator feels that information given by the insurers is in “contradiction” with what is conveyed to the market. |
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| Irda to bring state govt schemes under supervision | 26-MAR-09 |
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| The Insurance Regulatory and Development Authority (Irda) is talking to various state governments in a bid to bring their social health insurance schemes under its supervision. State governments that have implemented the schemes for people living below the poverty line include Andhra Pradesh, Haryana and Tamil Nadu. |
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| Irda keen on setting up asset & liability panel | 26-MAR-09 |
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| The Insurance Regulatory and Development Authority (Irda) is planning to ‘insist’ on the setting up of an asset and liability committee (ALCO) similar to the one existing in the banking sector after two major insurers reported a combined exposure of Rs 2,300 crore in the beleaguered Satyam Computer Services. |
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| Life insurers asked to disclose more | 15-MAR-09 |
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| In a bid to know about available solvency margins and bring in more transparency in terms of corporate governance, the Insurance Regulatory and Development Authority (Irda) has asked life insurance companies to submit scrip-wise details of their investments. |
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| M&A guidelines for insurance sector by March end | 19-FEB-09 |
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| The Insurance Regulatory and Development Authority (IRDA) is all set to come out with merger and acquisition (M&A) norms by the end of next month that would facilitate consolidations in the sector. |
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| Insurance cover lapse rate set to decrease | 27-NOV-08 |
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| It may be a little harsh on policyholders who do not pay their premium on time but a uniform definition of lapse of insurance policy by Insurance Regulatory & Development Authority (Irda) is |
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| Everonn to raise $50 million more for expansion | 13-MAR-08 |
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| ICT education major Everonn Systems plans to raise additional funding of $50 million to carry forward its expansion plans on the virtual classrooms or iSchool segment of its business.
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