Unclaimed Money with Insurance Companies
The Insurance Regulatory and Development Authority (IRDA) have informed that as on 31st December 2012, the unclaimed money of policyholders with Life Insurance Corporation of India was Rs.732.67 crores. For the other life insurance companies and non-life insurance companies, the unclaimed money of policyholders was Rs. 3122.68 crores and Rs.1010.46 crores respectively, as on 31st… Read More
Tags: Government, Insurance, Insurance Regulatory and Development Authority, IRDA, Life insurance, Life Insurance Corporation of India, Rajya Sabha, Rupee
Insurance Regulatory and Development Authority frames two new regulations
The Insurance Regulatory and Development Authority (IRDA) has informed that two regulations have been framed, namely, (i) Insurance Regulatory and Development Authority (Linked Insurance Products) Regulations 2013 dated 18.02.2013 and (ii) Insurance Regulatory and Development Authority (Non- Linked Insurance Products) Regulations 2013 dated 18.02.2013 to make life insurance products user friendly. The provisions of the… Read More
Tags: Insurance Regulatory and Development Authority, Insurance Regulatory and Development Authority (Linked Insurance Products) Regulations 2013, Insurance Regulatory and Development Authority (Non- Linked Insurance Products) Regulations 2013, IRDA, Life insurance, Regulation, Regulatory, Unitised insurance fund
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