Regulation

IRDA extends time limit for reviewing  IFRS 17 till 30th June, 2018

Indian News       Dec 13, 2017

Hyderabad: The insurance regulator IRDAI has said it has granted extension of the time limit for the industry for reviewing  the new standard (IFRS 17) up to 30thJune, 2018.   The Authority had constituted a Working Group on new standard equivalent to IFRS 17- Insurance Contracts...

IRDAI forms panel to explore innovation in insurance

Indian News       Dec 07, 2017

Hyderabad: The insurance regulator IRDAI has constituted a broad panel under Yegnapriya Bharath,chief general manager, IRDAI, on Thursday to examine how technological advancements particularly wearable and portable devices can be a part of a regulatory policy frame-work and be harnessed for the growth Indian insurance...

RBI rationalises charges on debit card transactions

Indian News       Dec 06, 2017

Mumbai: The Reserve Bank of India (RBI) today came out with differentiated merchant discount rates (MDR) for debit card transactions, prescribing separate caps for small and large tradersIn order to promote digital payments, the Reserve Bank of India (RBI) on Wednesday came out with differentiated...

Five yr lock in period for PE investment in Indian insurance companies:IRDAI

International News       Dec 05, 2017

Mumbai: The insurance regulator IRDAI has put a five year lock in period for any Private Equity(PE) investment in insurance companies.    Unveiling its detailed guidelines on PE investment in the insurance sector on Tuesday, IRDAI has clarified that a Private Equity(PE) Fund will not be...

Govt notifies for Vijayan's successor

Indian News       Nov 30, 2017

AIP News Bureau Mumbai: Government has notified for the successor of IRDAI chairman TS Vijayan who will be retiring on 2ND Feb 2018.    ``It is desired that the applicant should have at least 30 years of work experience and he/she should have worked as secretary...