Regulator IRDAI on Monday allowed insurers to continue selling and renewing short-term Covid

The regulator Irdai on Thursday decided to set up two hubs on motor insurance and property

by a private bank will be cleared by the RBI and Irdai to ensure that the 74 per cent limit of

The insurance regulator has issued draft guidelines to promote and regulate sustainable and healthy development of the surety insurance business in the country. Surety bonds protect the beneficiary against acts or events that impair the underlying obligations of the principal.... Surety bonds guarantee the performance of a variety of obligations, from construction or service contracts to licensing and commercial undertakings.A working group set up by the regulator had recommended promoting the

attended by all financial sector regulators including SEBI, IRDAI, PFRDA and IBBI." The members resolved

transaction is subject to approval by the country’s insurance regulator, IRDAI. The total funds raised by

The GoM has submitted its report to the GST Council, which is expected to discuss it during the Council’s upcoming meeting scheduled for December 21.... However, the GoM has proposed no changes for other insurance products, such as Unit Linked Insurance Plans( ULIPs), the official said.... On December 2, Finance Minister Nirmala Sitharaman had informed the Lok Sabha that any reduction in GST rates on life and health insurance premiums would likely benefit policyholders, especially in a competi

The Employees' State Insurance Corporation( ESIC) added 20.27 lakh new members under the Employees State Insurance Scheme in June.... The provisional payroll data from ESIC reveals that 20.27 lakh new employees were added in June 2023, a labour ministry statement said on Thursday.... As per the data, more jobs were generated for the youth....

Life Insurance Corporation of India( LIC) on Thursday presented a dividend cheque of Rs 1, 831.09 crore to Finance Minister Nirmala Sitharaman.... LIC Chairman Siddhartha Mohanty presented the dividend cheque as the government's share of dividend in the presence of Department of Financial Services Additional Secretary MP Tangirala, the insurer said in a statement.... Despite two decades of opening up of the insurance sector, LIC continues to be the market leader in the Indian life insurance ma

You have to give it some time and thereafter, only you can use it( changing option).... For instance, government sector employees cannot have high exposure towards equities, while the corporate sector employees are allowed to allocate as much as 75 per cent of the asset towards equities. Separately, the subscribers are also allowed to change their fund managers once in a year.... While the NPS mainly targets the employees working in the government and organised sector, including corporates, AP