Regulation of Commission Rate to Insurance Sales Agents
The Insurance Regulatory and Development Authority (IRDA) has notified Insurance Regulatory and Development Authority (Linked Insurance Products) Regulations, 2013 wherein, Regulation (9) prescribes levels of commission under the linked insurance products. Similarly Commission norms in respect of non linked products have been prescribed in Regulation (21) of Insurance Regulatory and Development Authority (Non-Linked Insurance Products) Regulations, 2013. As… Read More
Tags: Development Authority, India, Indo-Asian News Service, Insurance, Insurance Regulatory and Development Authority, IRDA, Regulation, Regulatory
Regulatory initiatives on Insurance Coverage to Citizens
Insurance Regulatory and Development Authority has put in place regulatory initiatives, as part of its development role, for penetration of insurance amongst all sections of the society, including, rural, and social sector. Towards this purpose, the Authority has notified IRDA (Obligations of Insurers to Rural and Social Sectors) Regulations 2002, in accordance to which all… Read More
Tags: Infrared Data Association, Insurance, Insurance Regulatory and Development Authority, IRDA, Lok Sabha, Rashtriya Swasthya Bima Yojana, Regulation, Regulatory
Inclusion of Ayurveda/Homoeopathy in Mediclaim Insurance
Insurance Regulatory and Development Authority (IRDA) has informed that the insurance coverage to AYUSH treatments has been facilitated through the Regulation 5 (1) of the IRDA (Health Insurance) Regulations, 2013 which are published in the official gazette and came into force with effect from 18.02.2013. As per this regulation the insurers may provide coverage to… Read More
Tags: Financial services, healthinsurance, Insurance, Insurance Regulatory and Development Authority, IRDA, Regulation, Regulatory
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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