Insurance Regulatory and Development Authority (Irda) has fixed the limits on payment of commission and brokerage in the general insurance business, to be made effective from October 1.
The Irda

Irda fixes limits on commission

Business Standard

Life insurance companies have sought the intervention of the Insurance Regulatory and Development Authority (Irda) to prevent mutual funds from seeking the Securities and Exchange Board of

Licence must for MFs to sell insurance plan: Irda

Volatility in stock markets is taking a toll on the sales of unit-linked insurance plans (Ulips) that account for over 80 per cent of the industry's total sales.

Investors stay away from unit-linked insurance plans

&nbsp;Here is some good news for students going abroad. Medical insurance comes cheaper in India and sometimes, with better coverage.

For the foreign-bound student

The next time you buy a householder's insurance policy, you could be paying premiums that are 35 to 50 per cent lower.

Householder policy premiums fall 35-50%




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&quot;We will try to take the reform process forward.... The insurance Bill is one of many Bills which is pending,&quot; he told reporters here after inaugurating the Sriram General

FDI cap in insurance likely to go

Press Trust of India

The company modified the terms of options available to its foreign partner for purchasing an additional 24 per cent stake in Max New York Life Insurance Company, to increase its stake to 50 per cent,

Max India rejigs insurance JV

The country's under-utilised rural market holds tremendous growth opportunities for life insurance companies with their revenues expected to grow as much as four times to reach Rs 7,800 crore ($2.9 billion) by 2015, a latest report says.

Rural life insurance to grow 4-fold by 2015

SBI Life Insurance, a joint venture between the State Bank of India (SBI) and BNP Paribas Assurance, plans to launch a health insurance product by the end of July, 2008.

SBI Life to launch health insurance product by July end

Life Insurance Corporation of India (LIC) has set a target of selling four million policies in rural areas in the current financial year.

LIC targets to sell 4 million policies in rural areas

The new chairman of the Insurance Regulatory and Development Authority (Irda), Jandhyala Harinarayan, said he wanted the regulatory body to be "rigorous, even-handed and proactive, particularly in the interests of customers.

Irda chief speaks up for consumers

Bajaj Allianz Life Insurance (BALI), a joint venture between Bajaj Auto and Allianz SE, on Thursday said it will infuse up to Rs 500 crore capital this year and hopes to sell 4.5 million policies.

Bajaj Allianz to infuse Rs 500-cr capital

Insurance buyers are keeping away from unit-linked insurance plans (Ulips) due to the continous volatility in the stock market.

Life insurance industry sees 7% drop in new sales

Shikha Sharma spoke to Business Standard about the insurance company's plans and the industry as a whole, in the backdrop of rising inflation, slowing growth and soaring crude oil prices.

We`re two years away from profits

Finance Minister P Chidambaram on Monday called for simpler insurance cover and asked companies to reach out to the rural population to increase penetration besides meeting the needs of the ageing sections of the society.

Keep it simple, FM tells insurers

&nbsp;Holders of health insurance policies issued from June 1 onwards will benefit.
&nbsp;Buyers of health insurance policies will now get their pre-existing diseases covered from the fourth year of their policy.

Pre-existing diseases to get cover from 4th yr

Life Insurance Corporation (LIC), country's largest insurer, launched Market Plus-1, a unit linked endowment plan, as a follow up of their previous Market Plus policy.

LIC MP-I takes off

In an effort to create awareness on the importance of life insurance and financial planning among the people of Kerala, Aviva Life Insurance has joined hands with IndusInd Bank to launch a social responsibility initiative.

Aviva joins hands with IndusInd Bank

If you have done proper planning and have little liability, there is no need to go for an insurance policy after 50.

Money matters

In a move to take insurance products to the doorsteps of customers, the Insurance Regulatory and Development Authority (Irda) is giving finishing touches to guidelines for â€œmonolineâ€ insurance agents â€” agents who will be authorised to sell only one simple insurance product.

Your kirana store may sell insurance too

If you are an individual caught by traffic police time and again for violating rules and have a record of paying fines, a motor insurance policy might be denied to you. Every person would be required to disclose this information while taking a policy.

Motor insurance to see new disclosure norms in FY14 

Insurance News: Visit Business Standard to know about the latest Insurance Industry News, online insurance information, expert views and updates.

Insurance News: Latest Insurance News, Insurance Industry Policy Headlines and Updates | Business Standard

Visit Business Standard to know about the latest Insurance Industry News, online insurance information, expert views and updates.

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