PJ Joseph,,member(Non-Life),IRDAI

IRDAI suspends E-Meditek Insurance TPA's license without notice

Indian News       Mar 20, 2018

Hyderabad: On the basis of a whistle blower complaint, the insurance regulator IRDAI , on Tuesday, has suspended the certificate of registration of a Third Party Administrator (TPA) and Delhi based E-Meditek Insurance TPA Ltd without notice, with immediate effect..   The violations observed in the...

IRDAI to move to Supreme Court against SAT order against Joseph

Indian News       Mar 19, 2018

Describing it as ``biased and prejudiced and against due process of law’’, the insurance regulator, IRDAI has decided to knock at the door of the Supreme Court’s challenging  the SAT’s(Securities Appellate Tribunal)  judgment against an order passed by IRDAI Member (Non-Life) P.J. Joseph and directing...

SAT asks IRDA to reprobe kickback allegations against Marsh India Insurance Brokers

Indian News       Mar 16, 2018

  Mumbai: Setting aside an earlier order by the IRDAI,.the Securities Appellate Tribunal (SAT) has asked the insurance regulator to pass a fresh order on a case involving alleged financial irregularities in awarding insurance broking contract to Marsh Insurance Brokers, the Indian outfit of the largset...

Chinese President Xi Jinping

China to merge banking, insurance regulators in massive overhaul

International News       Mar 13, 2018

BEIJING:  China unveiled plans on Tuesday for the biggest shakeup of government in at least a decade, including the merger of its banking and insurance regulators to better handle financial risks as leaders look to address concerns over a growing debt pile.    The new regulator...

9 battle out for IRDA chairmanship

Indian News       Mar 05, 2018

  New Delhi: The powerful Financial Sector Regulatory Appointments Search Committee(FSRAC) headed by cabinet secretary, PK Sinha, on Monday has interviewed nine candidates including lone retired bureaucrat Subhas Chandra Khuntia, a former chief secretary of Karnataka, for the post the chairmanship of  insurance regulator IRDAI.   The...

RBI launches Ombudsman Scheme for NBFCs

Indian News       Feb 23, 2018

Mumbai: The RBI today launched 'Ombudsman Scheme' for non-banking financial companies (NBFC), that sell range of financial products including insurance, for redressal of complaints against them.    "The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs...

Sujay Banarji,LIC's Kutumbe appointed as Members, IRDAI

Indian News       Feb 16, 2018

New Delhi: Government today has appointed two members at the insurance regulator IRDAI. Kutumbe Pravin Hari, 58,executive director , Life Insurance Corporation(LIC) has been appointed as  member (Finance & Investment) while Sujay Banarji,60,.former director, Oriental Insurance Company(OIC)  has been appointed as member (distribution).     Banarji retired...

PK Sinha, Cabinet Secretary, heads the Panel for selecting a new IRDAI Chairman

10 shortlisted for IRDA Chairmanship interview, 7 insurers & 3 former bureacrats

Indian News       Feb 15, 2018

New Delhi: Even as TS Vijyan, chairman, IRDAI will be retiring within a week after reaching 65 and completing his five-year tenure,  the powerful Financial Sector Regulatory Appointments Search Committee(FSRAC) headed by cabinet secretary, PK Sinha has shortlisted names of 10 contenders from insurance industry...

Transfer unclaimed deposits to welfare fund by March 1: Irda to insurers

Articles       Feb 12, 2018

Mumbai: Insurance regulator Irda has asked all insurers to transfer the deposits of policyholders that have been laying unclaimed for over 10 years to the welfare fund by March 1.  "All insurers having unclaimed amounts of policyholders for a period of more than 10 years...

Six PSU insurers appointed as Insurance Ombudsmen

Indian News       Feb 08, 2018

Mumabi: Six insures including CMD of National Insurance Company (NIC), K Sanath Kumar have been appointed as the Insurance Ombudsmen. K Sanath Kumar, CMD, National Insurance Company  Last week a panel headed by the TS Vijayan, chairman, IRDAI had completed the interviews of 34 serving...

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