Category: Others

IRDAI Appoints Administrator for Sahara Insurance Company

IRDAI Appoints Administrator for Sahara Insurance Company, said it is acting prejudicial to the interests of holders of life insurance policie Public notice Appointment of Administrator for M/s Sahara India Life Insurance Company Ltd. The IRDAI has reasons to believe that M/s Sahara India Life Insurance Co. Ltd., …

FAQs on Insurance Ombudsman Rules 2017 by IRDAI

FAQs on Insurance Ombudsman Rules 2017 by IRDAI. Complaint to be made in writing within one year after making written representation to the insurer  FAQs on Ombudsman Scheme Date:19-05-2017 FAQs on Insurance Ombudsman Rules 2017 1) Who can approach Insurance Ombudsman? What is the procedure for lodging a complaint …

IRDAI-Guidelines on Remuneration of Non-executive Directors and Managing Director /Chief Executive Officer / Whole-time Directors of Insurers

To all Private sectors Insurers Ref:IRDA/F&A/GDL/LSTD/154/08/2016 Date:05-08-2016 Guidelines on Remuneration of Non-executive Directors and Managing Director /Chief Executive Officer / Whole-time Directors of Insurers Financial institutions like insurance companies are an important part of the financial system. Any risk that adversely affects the insurers also gets transmitted to …

IRDAI-Guidelines for Listed Indian Insurance Companies, 2016

Guidelines for Listed Indian Insurance Companies, 2016 The Authority, in exercise of the powers conferred by Section 14 of Insurance Regulatory and Development Authority of India Act, 1999, read with clause (b) of subsection (4) of Section 6A of the Insurance Act, 1938, hereby, issues the following guidelines. …

Caution List of outsourced Service Providers Entities-IRDAI. List of 24 entities not traceable for physical visit during CA investigation/audit

Caution List of Service Providers (Outsourcing Entities) Insurance Regulatory and Development Authority of India Public Notice Date:24-05-2016 Ref:IRDAI/LIFE/PNTC/MISC/103/05/2016 In pursuance to the Final Order No. IRDA/LIFE/ORD/MISC/267/12/2014 dated 1st December, 2014 in the matter of Future Generali India Life Insurance Co. Ltd., while conducting an audit by an independent …