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Breaching EoM: IRDAI restricts Edelweiss Life and Pramerica Life from opening any new branches for next 6 months

Breaching EoM: IRDAI restricts Edelweiss Life and Pramerica Life from opening any new branches for next 6 months

by AIP Online Bureau | Aug 25, 2026 | Indian News, Life, Non-Life, Regulation

IRDAI is committed to ensuring that insurers operate within the regulatory guardrails governing their expenses, thereby promoting sound financial management, transparency and accountability across the insurance sector. It will continue to take appropriate supervisory...

All insurance offices wil remain open on Mar31

by AIP Online Bureau | Mar 30, 2026 | Briefs, Life, Non-Life

The IRDAI has asked insurers to keep their branches open as per normal working hours on March 31, 2026.March 31 is a gazetted and public holiday in India owinng to Mahavir Jayanti.“The insurers may take note of the above and give adequate publicity to the...

Over 8.5 lakh mule accounts in 700 bank branches used by cyber criminals CBI

by AIP Online Bureau | Jun 26, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

The CBI has found that these mule accounts — established using falsified identification documents — were primarily used as conduits for siphoning funds from unsuspecting victims. New Delhi: The CBI has detected 8.50 lakh mule bank accounts in over 700...

IndiaFirst Life launches 18 new agency branches

by AIP Online Bureau | Dec 11, 2024 | Briefs, Intermediaries, Life

IndiaFirst Life Insurance Company Limited (IndiaFirst Life) announced the launch of 18 Agency branches. Rushabh Gandhi, Managing Director & CEO, IndiaFirst Life, said, “The expansion of our Agency channel across the length and breadth of the country is a critical...
Breaching EoM: IRDAI restricts Edelweiss Life and Pramerica Life from opening any new branches for next 6 months

IRDAI asks insurers to keep their branches open on Mar 30- 31

by AIP Online Bureau | Mar 28, 2024 | Health, Indian News, Life, Non-Life, Regulation

`Insurers may take note of the above and give adequate publicity to the special arrangement made as above,” said the IRDAI on Thursday Hyderabad: Like its banking counterpart Reserve Bank of India(RBI), insurance regulator IRDAI has also asked insurers to keep...
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