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IRDAI to scrap licensing renewals for insurance brokers and other intermediaries: chairman Panda

IRDAI to scrap licensing renewals for insurance brokers and other intermediaries: chairman Panda

by AIP Online Bureau | Apr 7, 2022 | Indian News, Intermediaries, Life, Non-Life, Regulation

Debasish Panda, chairman,IRDAI “We have decided to dispense with renewal of registration for insurance intermediaries and allow their licenses in perpetuity,” said Debasish Panda, newly appointed chairman of IRDAI while addressing a press conference in...
New IRDA chief Panda launches `Reforms 2.0′ for Indian insurance industry

New IRDA chief Panda launches `Reforms 2.0′ for Indian insurance industry

by AIP Online Bureau | Apr 7, 2022 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Reinsurance

Debasish Panda,chairman, IRDAI “After two-decades of liberalisation, the Indian industry is matured and have to be given more freedom in fixing market determined pricing and launching innovative products,’’ said Panda, who retired as secretary of the department...
Air India cancels Delhi-Moscow flight over insurance issues amid war

Air India cancels Delhi-Moscow flight over insurance issues amid war

by AIP Online Bureau | Apr 7, 2022 | Non-Life, Reinsurance

The Air India’s Delhi-Moscow flight that was scheduled to operate on Thursday stands cancelled, the sources said They stated that the flight was cancelled as it was feared that the insurance may not be valid in Russian skies New Delhi: Air India on Thursday...

Suspected Chinese hackers collect intelligence from India’s power grid

by AIP Online Bureau | Apr 7, 2022 | Eco/Invest/Demography, Indian News, Technology

The hackers focused on at least seven “load dispatch” centers in northern India that are responsible for carrying out real-time operations for grid control and electricity dispersal in the areas they are located, near the disputed India-China border in Ladakh, the...
“Every Indian should have at least one life insurance and a health cover ” says new IRDAI chief unveiling his new industry agenda

“Every Indian should have at least one life insurance and a health cover ” says new IRDAI chief unveiling his new industry agenda

by AIP Online Bureau | Apr 6, 2022 | Health, Indian News, Life, Regulation

Debasish Panda, chairman, IRDAI IRDA chief has hinted that insurers don’t need IRDAI approvals for every product “Each life insurer has actuaries to design their products that can be approved its own board. You should design product so that you can reach out...
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