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Sitharaman chairs meeting of banks, insurance firms; reviews preparedness for cyclone ‘Biparjoy’

Sitharaman chairs meeting of banks, insurance firms; reviews preparedness for cyclone ‘Biparjoy’

by AIP Online Bureau | Jun 15, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Niramala Sitharaman,Union Finance Minister ”MDs from the banks & insurance companies provided a detailed update on the precautionary measures for the #CycloneBiparjoy. During the meeting, Smt @nsitharaman stated that all Disaster Management protocols should...
10-yr old PEs with $100 million investible funds allowed to promote Indian re/insurance companies: IRDAI

10-yr old PEs with $100 million investible funds allowed to promote Indian re/insurance companies: IRDAI

by AIP Online Bureau | Oct 14, 2022 | Health, Indian News, Life, Non-Life, Regulation

The new regulations are proposing major changes in Indian insurers’ fit and proper criteria, allowable limits of investment, lock-in period on investment, process of registration and criteria for investment by Private Equity Funds The minimum shareholding of...

IRDA allows agents, brokers and other intermediaries to be on boards of insurance companies

by AIP Online Bureau | Sep 2, 2022 | Banking & Bancassurance, Indian News, Intermediaries, Life, Non-Life, Reinsurance

The proposed director should not not be working in the capacity of the chief insurance executive / specified person or any other officer responsible for soliciting insurance business for or on behalf of the insurance agent, intermediary or insurance intermediary while...

Govt to soon clear list of independent directors for PSBS and insurance companies

by AIP Online Bureau | Nov 14, 2021 | Banking & Bancassurance, Indian News, Life, Non-Life, Policy

Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi makes all high-level appointments, including that of independent directors As per the Companies Act 2013, every listed public company shall have at least one-third of the total number of...
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