India’s Insurance Sector Grew 2.6x in a Decade: IRDAI
India’s insurance industry has grown sharply in a decade, with life insurance up 2.5-2.6x and general insurance up 3.6x, IRDAI says. Seth shared these numbers...
Tag : IRDAI
Irdai Sees Buying Green Bonds as Infrastructure Investment
Insurance regulator Irdai said insurers were encouraged to invest in sovereign green bonds, which would be considered “infrastructure investments”. To de-concentrate and diversify insurers’ infrastructure...
Banks can Now Work with 9 Insurers as Govt Notifies Revision of Insurance Intermediary Regulations
The government has notified the amendments to the Insurance Intermediaries Regulations. As part of this, the maximum number of collaborations between Corporate Agents (CAs) and...
IRDAI Writes to SEBI to Review Axis Bank-Max Life Stock Trading
On October 31, CNBC-TV18 reported that Insurance Regulatory and Development Authority (IRDAI) has written to SEBI to review Axis Bank-Max Life stock trading. According to...
IRDAI Fines Max Life Insurance Rs 3 Crore for Breaking Rules
The Insurance Regulatory and Development Authority (IRDAI) said on October 14 that it had fined Max Life Insurance Company a total of Rs 3 crore...
IRDAI Approves Merger of Exide Life into HDFC Life
Insurance regulator Irdai has given final approval to HDFC Life Insurance Company Ltd (HDFC Life) to incorporate Exide Life into the company. In January this...
Govt, LIC Jointly Divest 60.72% Stake in IDBI Bank
The Department of Investment and Public Assets Management (DIPAM) on October 7 invited potential bidders to submit expressions of interest (EoI) for the strategic divestment...
HDFC Bank to Buy Nearly 10% Stake in Go Digit
HDFC Bank, the country’s largest private sector lender, said on Thursday it will buy a 9.94% stake in Go Digit Life Insurance Ltd. HDFC Bank...
Digit Insurance Files Draft Documents for Rs 5,000 Crore IPO
Digit Insurance, backed by Canadian billionaire Prem Watsa, has filed draft documents for an initial public offering (IPO). According to the filing, the company is...
Rajya Sabha Passes Bill to Hike FDI in Insurance Sector to 74%
A bill to increase the foreign direct investment limit in the insurance sector to 74 per cent from the current 49 per cent was approved...