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Tag "Insurance Regulatory and Development Authority"

IRDA wants Jan Bima Yojana for increased insurance penetration

IRDA wants Jan Bima Yojana for increased insurance penetration

🕔09:19, 25.Nov 2014

Mumbai, Nov 25  In order to increase insurance penetration and also agents productivity, the government should promote Jan Bima Yojana for the poor and also relaxing the cap on agency commission, India’s insurance regulator said Monday. Speaking to reporters on

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IRDA’s Rs.50 lakh fine on ICICI Lombard

IRDA’s Rs.50 lakh fine on ICICI Lombard

🕔10:34, 25.Oct 2014

Chennai, Oct 25  The Insurance Regulatory and Development Authority (IRDA) has fined private non-life insurer ICICI Lombard General Insurance Company Ltd. Rs.50 lakh for various violations, the regulator said. The penalty order signed by IRDA chairman T.S. Vijayan has ordered

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SBI Life asked to pay Rs.84.31 crore to group insurance members

SBI Life asked to pay Rs.84.31 crore to group insurance members

🕔11:10, 21.Oct 2014

Chennai, Oct 21 The Insurance Regulatory and Development Authority (IRDA) Monday rejected the appeal of SBI Life Insurance Company Ltd and ordered it to pay Rs.84.31 crore to its group insurance members/beneficiaries. In an order issued by him, IRDA chairman

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