IRDAI has relaxed the norms for submitting of separate proposal forms for buying annuity products from the proceeds of the National Pension System, thereby making the process more user-friendly and less time consuming
A survey by the Bombay Master Printers Association (BMPA) further indicated that over 80 per cent of the respondents want the IRDAI to intervene and direct insurance companies to provide physical copies of policy documents...
Irdai allows general insurers to launch customised fire policies alongside standard fire and property insurance products for individuals as well as micro and small enterprises
The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of charge
The limit of 25 per cent of investment assets stands revised to a limit of 30 per cent of investment assets, IRDAI said.