With the establishment of the IRDA
, we have charted a new course of action and a detailed presentation was made.
However, this was not acceptable to insurance regulator IRDA
Mr Tony Valente, who managed the tender exercise on behalf of CCLRC and is the Acting Head of this new IRDA
region, writes "Viglen have delivered a make-to-order solution for configured systems for many years and we look forward to expanding the scope of the framework into new areas of the Council with the Viglen account team".
Hari Narayan said IRDA
would come into the picture if there was breach of contract between the firm and the insured person.
For an infrared product to use the IrReady2000 logo, indicating that it has passed the IRDA
standards, a third-party approved IrDA testing lab, such as Data Dimensions, must test the product.
The committee, constituted by the authority to review the IRDA
Broking Regulations 2002, submitted its report a couple of weeks ago.
Mentioning the IRDA
facts, She has also stated that overall 4,41,91,864 life insurance policies were sold in the last fiscal year (2011-12), of which around 1,39,83,265 were issued in the rural areas, reflecting 31.
Insurance regulator IRDA
has imposed Rs 49 lakh penalty on Tata-AIG Life Insurance Company non compliance of various regulatory norms.
has sent a circular to the chief executive officers ( CEOs) of all life insurance companies asking them to introduce the new norms for all new Ulips issued from September 1.
has laid down certain conditions, including the appointment of directors on the board of MetLife by PNB, a reduction in the equity stake of certain shareholders, and the maintenance of the solvency margin as specified by the IRDA
The respective insurance companies will assign another agent," IRDA