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Sitharaman reviews state of economy with regulators

Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council......

FM to meet sectoral regulators to take stock of the economy

The meeting will review the current global and domestic economic situation and financial stability issues, including those concerning banking and NBFCs. Finance Minister Nirmala Sitharaman will......

Now you can revive your old lapsed LIC policies

State-owned Life Insurance Corporation on Monday permitted its policyholders to revive their lapsed policies of over two years, a move that will help improve persistency ratio.  The policies......

After 12 years, RBI set to modify fit-and-proper norms for bank directors

These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and......

Policyholders prefer to buy insurance physically

The online channel has only been successful in making inroads in metro cities.Subrata Panda reports. Photograph: Kind courtesy Pixabay.com Despite best efforts by life insurance companies to......
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Irdai rules out troubles for two insurance arms; asks insurers to write off exposure

DHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential International... ...

https://economictimes.indiatimes.com/industry/banking/finance/insure/dhfl-bankruptcy-irdai-rules-out-troubles-for-two-insurance-arms-asks-insurers-to-write-off-exposure/articleshow/72403111.cms
Insurance companies to follow procedure while writing off investments in DHFL

With the troubled Dewan Housing Finance Corporation Ltd now under the NCLT, insurance companies will have to begin writing off their investments in it ...

https://www.thehindubusinessline.com/money-and-banking/irdai-chief-insurance-companies-to-follow-procedure-while-writing-off-investments-in-dhfl/article30212452.ece
Postmen, grameen dak sevaks may soon start selling insurance policies

The IPPB, which is a corporate agent, can seek permission from Irdai for sponsoring postmen and grameen dak sevaks of Department of Posts (DoP) to... ...

https://economictimes.indiatimes.com/industry/banking/finance/insure/postmen-grameen-dak-sevaks-may-soon-start-selling-insurance-policies/articleshow/72399111.cms
IRDAI norms for PoS life products

In a move that will improve the ease of access to life insurance products, the Insurance Development and Regulatory Authority of India (IRDAI) has is ...

https://www.thehindubusinessline.com/money-and-banking/irdai-norms-for-pos-life-products/article30169312.ece
Max India share price up 8% on IRDAI#39;s go ahead for divestment plan

On February 26, 2019, Max India had informed the stock exchange regarding the proposal for divestment of entire shareholding of the company in Max... ...

https://www.moneycontrol.com/news/buzzing-stocks/max-india-share-price8irdai39s-go-ahead-for-divestment-plan_13237861.html

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