by AIP Online Bureau | Aug 15, 2023 | Indian News, Regulation
The race for member (Finance and Investment) is hotting up as it is believed N. Srinivas Rao, a former joint secretary, department of financial services(DFS) and currently a chief economist & president (Corporate Affairs), Bajaj Finserv, Lalit Kumar Chandel, again...
by AIP Online Bureau | May 18, 2023 | Health, Indian News, Life, Non-Life, Reinsurance
Debasish Panda, chairman, IRDAI Raising the overall budget for Bima Sugam to Rs 200 crore from around Rs 85 crore, Irdai now plans to go for requests for proposals (RFPs) soon to appoint a service provider for the platform. The service providers will be the...
by AIP Online Bureau | Apr 28, 2023 | Indian News, Life, Regulation
Bishnu Charan Patnaik, member, Life, IRDAI “The Appointments Committee of Cabinet(ACC) has appointed Patnaik as the whole time member(Life) of IRDAI till he reaches the age of 62,’’ said an order from the Department of Personnel and Training New...
by AIP Online Bureau | Mar 26, 2023 | Indian News, Life, Non-Life, Regulation
New measures to be effective from Apr 1 The IRDAI also approved licenses of two new life players-Acko Life Insurance and Credit Access Life Insurance Hyderabad: With a bit of delay, insurance regulator IRDAI had its last board meeting of the current fiscal, FY2022-23,...
by AIP Online Bureau | Jan 3, 2023 | Indian News, Non-Life, Regulation, Reinsurance
To qualify for auto-renewal of a CBR, the insurer will ensure that credit rating of the CBR should not be less than ‘Standard & Poor’s A- or equivalent. The latest credit rating of the CBR should not be prior to 12 months from the date of application for...
