Page 24 - Irdai

Insurers allowed exposure to fin, insurance upto 30% of investment assets

Accordingly, the limit of 25% of investment assets stands revised to a limit of 30% of investment assets

Finally Irdai promotes an official as per Telangana High Court order

In line with the Telangana High Court's order but with delay, the Insurance Regulatory and Development Authority of India (IRDAI) has promoted S.N. Jayasimhan as the Chief General Manager (CGM).

Buy optimal mix of base plan and super top-up to check cost of health cover

If your insurer has hiked the premium rate excessively, consider porting

New business premium income of insurance cos up 13% at Rs 3.14 trn in FY22

Twenty four life insurance companies had a total premium income of Rs 2,78,277.98 crore from new business in the previous fiscal

Irdai may go for 100% FDI in 'new' insurance biz to expand scope of sector

In Budget FY21, Finance Minister Nirmala Sitharaman had announced raising the cap of FDI to 74 per cent for insurance companies with effect from August 2021

Top headlines: India's FY21 CEO earnings, Russia's suspension from UNHRC

The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up business. More on that story in our top headlines.

Irdai seeks to remove Rs 100 cr entry cap for new players in insurance biz

Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai), said it should be left to the regulator instead to decide what should be the entry fee for interested players

Govt puts Oriental Insurance's solvency ratio at a dismal 0.69

The number was flagged in a recapitalisation advice, sent by the department of financial services in the finance ministry to the company this week.

A premium on execution: Meet Debasish Panda, chairman of Irdai

At the DFS, Panda, 60, created a group of officials to monitor speedier claim settlements for deaths due to Covid-19

Debasish Panda takes charge as Irdai chairman for a three-year period

The position of Irdai chairman was vacant for a period of over nine months, ever since Subhash Chandra Khuntia demitted office in May 2021

Former finance secretary Debasish Panda takes charge as Irdai chief

The appointment of the Irdai chairman comes nearly nine months after the vacancy was created following Subhash Chandra Khuntia completing his term in May last year

Hospital regulation, insurance penetration key tasks for new Irdai chief

Debasish Panda, former secretary, Department of Financial Services, to the top position of the Insurance Regulatory and Development Authority of India (Irdai) for three years

Govt appoints ex-financial services secretary Debasish Panda as IRDAI chief

The appointment of IRDAI chairman comes nearly 9 months after the vacancy was created following Subhash Chandra Khuntia completing his term in May last year

Top headlines: RBI setback for Paytm Payments Bank; IRDAI gets a new chief

Here are the top headlines on Friday

Term is not enough, buy personal accident insurance cover too: Expert

These policies prove especially useful in case of a disability

Irdai wants insurers at par with banks on legal recourse for surety bonds

The finance minister in her Budget speech this year had said that surety bonds can be used as a substitute for bank guarantees for government procurement

Appoint two-three key people as life policy's nominees, say analysts

Buyers should look it up to see which insurers have been quicker in settling claims.

Keen to fill vacant posts at regulatory bodies at the earliest: Sitharaman

The Centre had invited applications for the Sebi chairperson's position in October 2021

Govt to soon decide on giving additional charge of New India Assurance CMD

Banks Board Bureau, the headhunter for state-owned banks and financial institutions, is the advisory body formed by the government in 2016 for selection of candidates for top-level board appointments

Govt delaying IRDAI chief appointment to rush LIC IPO: People's Commission

Says previous IRDAI chief retired in May 2021 and FinMin had been planning the IPO well before chief's post fell vacant, but did not name a successor even after 8 months