by AIP Online Bureau | Feb 2, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
This initiative will enable investors to verify the authenticity of the UPI ID they are transferring money to, through robust KYC (Know Your Customer) due diligence. This measure is designed to combat the growing threat of digital fraud, ensuring that investors can...
by AIP Online Bureau | Dec 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
“A formal advisory has been issued incorporating the ‘agreed to’ procedures to ensure that users on these platforms do not violate the prohibited content in Rule 3(1)(b),” Minister of State for Electronics and IT, Rajeev Chandradekhar said New Delhi: The...
by AIP Online Bureau | Mar 28, 2023 | Health, Indian News, Intermediaries, Life, Non-Life
The government last Sunday has notified the new regulations, as approved by insurance regulator IRDAI , on the removal of cap on payment of commission to the intermediaries Oveall limit of Expense of Management(EoM) for the insurers will be fixed by insurance...
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...
by AIP Online Bureau | Aug 24, 2022 | Health, Indian News, Intermediaries, Non-Life, Reinsurance
After setting stiff premium targets for the insurers, the IRDAI in its “Exposure draft- Insurance Regulatory and Development Authority of India (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations,...
