IRDAI issues draft rules for insurance e-marketplace ‘Bima Sugam’
IRDAI's 'Bima Sugam' is projected to help India achieve 'insurance for all by 2047'
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Capri Global surges 15% on receiving corporate agency licence
Capri expects to generate net fee income of ₹20 cr from insurance cross-sell in FY’25.
M&M Finance forays into life, health and general insurance
The company plans to make an initial investment ranging from ₹5 crore to ₹10 crore.
Boost infra growth with surety bonds: IRDAI
The current regulatory framework for surety bonds presents the general insurance industry with a unique opportunity to diversify their portfolio, says IRDAI chairman.
IRDAI exploring flexible, DIY insurance products: Debasish Panda
IRDAI is working with companies in the health insurance sector to ensure 100% cashless settlements for medical expense claims
Govt releases draft third-party motor insurance rules
The base premium rates for motor third-party insurance cover have been proposed at ₹2,094 for private cars below 1,000 cc.
Frame social media guidelines for employees: IRDAI to insurance cos
Social media should be used in a way that adds value to the Organisation’s business, says IRDAI
Axis Bank complies with IRDAI order; to buy 7% more stake in Max Financial
The revision in agreement comes after IRDAI asked the entities to revise their pact to buy Max Financial’s balance stake at “fair market value” to comply with its norms.
Max Financial gets IRDAI nod to acquire residual stake in Max Life; stock jumps 6%
Max Financial Services will acquire the additional stake in Max Life Insurance at ₹85 per share, taking total shareholding to 87%.
Max Life to pay ₹3 cr IRDAI penalty but insists no ‘wrongdoing’
In 2021 Axis Bank-Max Life deal, IRDAI says Max Life facilitated transactions of transfer of its shares between parties in violation of its rules, which allowed Axis entities to make “undue profits”.
