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Truckers’ strike called off as IRDA accepts key demand

Truckers’ strike called off as IRDA accepts key demand

🕔10:40, 9.Apr 2017

Hyderabad, April 8 (IANS) Truckers in south India called off their week-long strike while the plans for nation-wide strike from Saturday midnight were dropped after their main demand was accepted by India’s insurance regulator. The breakthrough came during the talks between

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United India Insurance fined Rs.60 lakh

United India Insurance fined Rs.60 lakh

🕔14:01, 28.Apr 2015

Chennai, April 28  The Insurance Regulatory and Development Authority of India (IRDAI) has fined government-owned United India Insurance Company Ltd Rs.60 lakh for violation of regulations, it was announced on Monday. In his order dated April 22, uploaded on the

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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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Government increases fund outlay for renewable energy agency

Government increases fund outlay for renewable energy agency

🕔12:34, 6.Nov 2014

New Delhi, Nov 6  The government Wednesday approved the rise of capital share in Indian Renewable Energy Development Agency (IREDA) from the existing level of Rs.1,000 crore to Rs.6,000 crore. According to a statement released after a cabinet meeting, the

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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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Insurance sector needs over Rs.50,000 crore capital: IRDA

Insurance sector needs over Rs.50,000 crore capital: IRDA

🕔14:55, 26.Sep 2014

Hyderabad, Sep 26 Indian insurance industry needs huge capital infusion of over Rs.50,000 crore ($8 billion) and foreign direct investment (FDI) can make things easy, its regulator said Friday. Insurance Regulatory Development Authority (IRDA) chairman T.S. Vijayan said the regulator

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IRDA fines Aegon Religare Rs.40 lakh for violations

IRDA fines Aegon Religare Rs.40 lakh for violations

🕔13:08, 20.Sep 2014

Chennai, Sep 20  India’s insurance regulator announced it has fined private life insurer Aegon Religare Life Insurance Rs.40 lakhs for violations of its regulations. According to the Insurance Regulatory and Development Authority (IRDA), Aegon Religare has to pay the penalty

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