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IRDA issues guidelines for e-insurance policies

Saturday 08, October, 2011 - In order to reduce transaction costs and ensure swift modifications in insurance policies, the sectoral regulator Irda today unveiled guidelines for issuing them electronically. It also laid down t ....

Canara HSBC OBC launches Life Insurance Simulator

Saturday 08, October, 2011 - Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited today announced the launch of Life Insurance Simulator (LIS), aimed to make the customer aware of importance of financial planning. ....

Irda seeks Life Insurance Council's views on IPO norms

Saturday 08, October, 2011 - The Insurance Regulatory and Development Authority (Irda) has sought the Life Insurance Council's views on a revised draft of the proposed new guidelines for IPOs by insurers. Sources said the insu ....

LIC wants to open S'pore arm, to apply for licence

Saturday 08, October, 2011 - State-run Life Insurance Corporation of India (LIC) will seek licence from the Singapore government to set up a subsidiary to sell policies. In 2009, LIC had sought the approval from the Singapore ....

Irda may allow banks to sell products of 2 insurers

Saturday 08, October, 2011 - Sector regulator Irda today said it is considering a proposal to allow banks to sell products of two insurance companies each in life and non-life categories, a move that will help increase penetratio ....

Life insurers' new business premium income dips.

Friday 30, September, 2011 - New business premium income for life insurance companies fell 23% during the April-August 2011 compared with the same period last year mainly due to the base effect The fall in collection is on ac ....

IRDA asks insurers not to reject claims mechanically.

Wednesday 21, September, 2011 - In a big relief to policyholders, the regulator IRDA on Wednesday asked insurance companies not to mechanically reject claims on technical grounds, like delay in filing claim documents. IRDA has i ....

Final IPO norms for life insurers within a week: IRDA.

Tuesday 20, September, 2011 - Insurance regulator IRDA on Tuesday said it will come out with guidelines for initial public offering (IPO) of life insurance companies within a week. "We will be approaching for the gazetting som ....

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