The consequences of this lack of awareness are significant. At the...
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Regulation
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Repo Deals, G-Sec Lending: IRDAI recasts insurers’ investment playbook
In a significant change, insurers would be allowed to invest a...
Insurance intermediaries must report big commission payments, Publish details online: IRDAI
In a move aimed at strengthening oversight of sales practices,...
IRDAI constitutes expert panel to chart AI roadmap for insurance sector
The panel, chaired by Sandeep K. Shukla, director of IIIT Hyderabad, will examine AI's impact on insurers, policyholders and the broader insurance ecosystem, with a particular focus on ethical adoption, transparency and data security. Hyderabad:Insurance regulator...
Public Insurance Registry:IRDAI ropes in former bureacrat Prakash Kumar as sr advisor
The regulator believes PIR could address one of the insurance sector's most persistent challenges: fragmented data scattered across insurers, making it difficult for policyholders to access their records seamlessly and for regulators to obtain a comprehensive view of...
IRDAI unveils new rule-making framework
The proposed regulations are being introduced in line with the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025, which mandates public consultation, periodic review of regulations and stakeholder engagement in the regulatory process. Hyderabad:The...
India limits cough syrup sales to pharmacies after contamination cases
The government has now removed cough syrups from the exemption list, while allowing pills, tablets and lozenges to remain on it, according to a government notification dated June 15. New Delhi:India has restricted cough syrup sales to licensed pharmacies especially...
RBI issues stricter norms to curb mis-selling of financial products
The regulator also laid out a broad definition of mis-selling, which includes practices such as offering products that are unsuitable for the customer, providing misleading or inaccurate information, selling products without obtaining explicit consent from the...
Thai watchdog sues Volvo cars unit
Next week Thailand’s Office of the Consumer Protection Board will send the first case, which is seeking 1.2 million baht ($36,750) in damages Thailand’s consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair...
LIC in talks with regulators to facilitate long-term instruments to match growing liabilities: CEO
R Doraiswamy,CEO and MD, LIC . Asked if LIC is prepared for further dilution of stake by the Centre, Doraiswamy said, "We have been prepared right from day one. When we started preparing for the IPO, we were prepared for this kind of subsequent actions as well. So the...
Ind AS to boost transparency, governance and capital efficiency in insurance sector: Ajay Seth
Ajay Seth, chairman, IRDAI Seth encouraged insurers to actively leverage the Joint Expert Group on Ind AS, comprising representatives from IRDAI, ICAI, IAI, NFRA and SEBI, as a platform for seeking guidance and resolving implementation-related issues during the...
RBI keeps repo rate unchanged at 5.25%,lowers GDP forecast to 6.6 %, raises inflation to 5.1% for FY27
Sanjay Malhotra, Governor,Reserve Bank of India "The central bank's rate panel noted that the global environment has deteriorated," RBI Governor Sanjay Malhotra said. The central bank's rate panel felt it was "prudent" to wait until greater clarity emerges, he...
Congress raises questions on ‘substantial’ LIC stake in firm under SEBI scanner
Capital markets regulator SEBI on Wednesday barred Rajesh Exports Ltd's promoter and CEO Rajesh Mehta from dealing in the company's securities, alleging large-scale misrepresentation of financial statements and diversion of funds. New Delhi: The Congress on Thursday...