Life insurance

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: GovernmentInsuranceInsurance Regulatory and Development AuthorityIRDALife insuranceLife Insurance Corporation of IndiaRajya SabhaRupee

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 AuthorityInsurance Regulatory and Development Authority (Linked Insurance Products) Regulations 2013Insurance Regulatory and Development Authority (Non- Linked Insurance Products) Regulations 2013IRDALife insuranceRegulationRegulatoryUnitised insurance fund

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