by AIP Online Bureau | Jul 17, 2023 | Indian News, Life, Regulation
A two-judge bench of the apex court asked the SAT to decide the case afresh on August 3 observing that the appellate tribunal passed the stay order without providing any valid reason New Delhi: In its third hearing, the Abhay S Oka Supreme Court on Monday overturned...
by AIP Online Bureau | Jun 20, 2023 | Indian News, Life, Regulation
Though, Solicitor General Tushar Mehta, appearing for the IRDA had sought urgent hearing of the matter, SC’s vacation bench presided by Justice Surya Kant said there was no urgency and directed the matter to be heard on July 3 Earlier, in a big relief to Sahara India...
by AIP Online Bureau | Jun 13, 2023 | Indian News, Life, Regulation
“The fact that the earlier direction of the respondent (Irdai) in transferring the business to ICICI Prudential Life Insurance Company was set aside in 2018 and since then no steps had been taken to transfer the policies, we find it strange that such steps have...
by AIP Online Bureau | Jun 4, 2023 | Indian News, Life
The total number of policies being transferred is only a small percentage of SBI Life’s total policies, a company official said.At the same time, capital related to policies based on actuarial calculation is being transferred to SBI Life, an insurance industry...
by AIP Online Bureau | Jun 2, 2023 | Indian News, Life, Regulation
SBI Life will have take over the policy liabilities of around two lakh policies of Sahara India Life Insurance (SILIC), backed by the policyholders’ assets, said the IRDAI, The policy data of SILIC reveals that the company’s portfolio is showing run-off trend. The...
