Insurance Regulatory And Development Authority Of India News

Companies

Life Insurance Corporation’s market share falls below 70%

The market share of private insurers increased to 30.64% in 2017-18, from 28.19% in 2016-17

1 min read13 Jan 2019
Money

What is personal accident insurance; how do you claim it?

A personal accident policy insures you against death, permanent total disability, permanent partial disability and temporary total disability in case of an accident

2 min read5 Nov 2018
Opinion

The new Irdai chief and the tax-GDP number

The new regulator needs to take note of two changes, rising tax-GDP ratio and more binding FRBM targets, that will redefine its relationship with the ministry of finance and how much rope the regulator will get

3 min read3 May 2018
Industry

IRDA asks insurance companies to cut costs, hints at cap on expense ratio

IRDA chairman T.S. Vijayan hints at an imminent cap on insurance companies' expense ratio, which may force insurers to reduce commission paid to insurance agents

1 min read8 Aug 2017
Industry

Transfer unclaimed money to senior citizens’ fund by 1 March 2018: Irdai to insurers

Irdai said insurance accruals lying unclaimed for a period of over 10 years as on 30 September will have to be deposited into a fund meant for senior citizens by 1 March 2018

1 min read25 Jul 2017
Industry

Irdai wants insurance policies issued in demat format

Irdai has been trying to get insurance policies under demat format since 2013, but Life Insurance Corp. of India (LIC) has always resisted the move

3 min read28 Mar 2017
Money

Insurance | Irda wants agents’ deal for at least three years

Insurance | Irda wants agents’ deal for at least three years

1 min read7 Sep 2009

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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