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IRDAI reduces solvency from 1.875 to 1.5 for underwriting Surety Bonds

IRDAI reduces solvency from 1.875 to 1.5 for underwriting Surety Bonds

by AIP Online Bureau | May 16, 2023 | Indian News, Non-Life, Regulation

Recognizing the importance of Surety Insurance Bonds, IRDAI had issued ‘IRDAI (Surety Insurance Contracts) Guidelines’ in January 2022 Hyderabad: In a significant measures to develop a Surety Insurance Bonds market in the country, the IRDAI Tuesday has reduced the...
Govt finalises Rs 5k capital infusion plans into 3 PSU gen insurers, National Insurance to receive Rs 3,700 cr

Govt finalises Rs 5k capital infusion plans into 3 PSU gen insurers, National Insurance to receive Rs 3,700 cr

by AIP Online Bureau | Apr 10, 2022 | Indian News, Non-Life, Policy

Delhi based Oriental Insurance Company has been given Rs 1200 crore while United India Insurance(UII) has been allocated just Rs 100 crore A notification will soon be issued by the Finance Ministry for hiking the authorised capital these three general insurers Before...

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