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ICICI Pru Life, Edelweiss execute SLBS trades in insurance

trade follows a recent circular by IRDA, allowing life insurance companies to participate in the SLBS schemeThe trade follows a recent circular by IRDA, allowing life insurance companies to participate in the SLBS schemeICICI Prudential Life Insurance and Edelweiss Securities have executed the first trade in securities lending and borrowing scheme (SLBS) in the insurance sector in India on the NSE...
Source : Indiainfoline |
Category : Business

IRDA seeks to demat life covers

Insurance Regulatory and Development Authority (IRDA) is considering making it mandatory for life insurance companies to issue policies in dematerialized form from later...
Source : Times Of India |
Category : Business

3 Bedroom Apartment / Flat for sale in Baliganj Circular Area, Kolkata

resale flat for sale at bullygunj circular area , flats sold by banksDirectly clear title and very well locatedthe average for an Apartments / Flats for sale in Baliganj Circular Area, Kolkata...
Source : Propertywala |
Category : Others | City : Kolkata

IRDA introduces e-insurance in insurance sector

formThe IRDA has granted certificate of registration to five entities to dematerialize insurance policies and store them in an electronic formThe Insurance Regulatory and Development Authority (IRDA) has introduced E-insurance in the insurance sector, Minister of State for Finance, Namo Narain Meena in written reply to Lok Sabha on Friday.The IRDA has granted certificate of registration to five entities...
Source : Indiainfoline |
Category : Business

Business Briefs

Life Insurance of India (LIC) has asked the IRDA to extend the deadline for withdrawing existing products that do not meet the new norms from October 1. “We are awaiting the approval from the Insurance Regulatory and Development Authority (IRDA). We have made this request in case the approvals are not with us. I am sure the IRDA is going to take a decision, which is in the larger interest of investors,”...
Source : Telegraphindia |
Category : Business | City : Mon

FM launches IRDA's Insurance Repository System

Union Finance Minister P Chidambaram today launched the IRDA's Insurance Repository System (IRS) here. Mr. Chidambaram said the IRS will also have digitized non-life insurance policies soon.Meanwhile, the Insurance Regulatory and Development Authority (IRDA) said the insurance repository system set up by the regulator will be the first of its kind in the world.IRDA recently said five companies have...
Source : Ndtv |
Category : Others | City : Hyderabad

Chidambaram to launch insurance repository by IRDA

Union Finance Minister P Chidambaram is expected to inaugurate IRDA's insurance repositories here on September 16.According to a note by Insurance Regulatory and Development Authority (IRDA), the insurance repository system to be set up by the regulator will be the first of its kind in the world.IRDA recently said five companies have been given the status of insurance repositories and provided with...
Source : Ndtv |
Category : Others | City : Hyderabad

Referrral companies' licences can be renewed: IRDA

Earlier IRDA rules had said that the approval granted by the Authority to the referral company is valid for three years from the date of grant of such approvaEarlier IRDA rules had said that the approval granted by the Authority to the referral company is valid for three years from the date of grant of such approvaInsurance Regulatory and Development Authority (IRDA) on on 17 February 2014 said that...
Source : Indiainfoline |
Category : Business

Irda Fines Rel Life

Irda has imposed a penalty of Rs 1.77 crore on Reliance Life for violating regulatory normsThe Insurance Regulatory and Development Authority (Irda) has imposed a penalty of Rs 1.77 crore on Reliance Life for violating regulatory norms.In a 37-page order, Irda has made around 47 charges against the company. Under one of the charges it has levied a penalty of Rs 25 lakh stating that "group insurance...
Source : Business Today |
Category : Business

Pay 20% more for third-party insurance for your vehicle

cost of buying the mandatory third-party (TP) motor insurance will rise from April 1 with the Insurance Regulatory and Development Authority (IRDA) notifying the new rates on Thursday...
Source : Times Of India |
Category : Business
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