News for 'irda-regulations'

Exempt insurance firms from MAT

India is in need of reinsurance capacity for many large risks.

Panel begins work on capital norms for insurers

The Institute of Actuaries of India has formed a technical group and is working out modalities in consultation with the Insurance Regulatory and Development Authority to set risk-based capital norms for the industry. Under the current Irda regulations, insurers are mandated to maintain a solvency margin of 150 per cent. Accordingly, insurance companies have to maintain 150 per cent of the amount underwritten by them in cash.

Insurers defy IRDA norms

General insurers violated IRDA norms on discounts. IRDA reveals plans for 2008

New audit norms irk insurance firms

LIC to meet IRDA's solvency norm by March 2004

The Life Insurance Corporation of India will comply with the Insurance Regulatory and Development Authority's norm on solvency by providing Rs 1,871 crore (Rs 18.71 billion) additional capital by this fiscal.

HSBC clients pick up 74% in insurance broking arm

Need health insurance for alternative medicine? Read this!

IRDA suggested that health insurance should cover alternative treatments.

When companies override the regulators

Companies think they are too big to bow before regulators.

Should you buy online term plans with high claim rejection rates?

Online policies are cheap because there is no agent's fee involved, other administrative costs of the insurance company are lower and, most importantly, these use the latest statistics for calculating premia.