Indian life insurers must offer annuity product
It will have ‘simple features and standard conditions’ to ‘reduce mis-selling and potential disputes’
IRDAI
-
-
Indian insurance authority creates covid health product
Thirty firms sign up to distribute it
-
Excluded medical conditions to hit Indian insurance market
People with specific illnesses will be denied cover
-
Indian life insurers want indemnity health cover reinstated
The regulator barred companies from offering these products in July 2016
-
India’s Centrum Group gets broking licence, plans expansion
Indian financial conglomerate Centrum Group has obtained an insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI), with which it plans to expand its business.
-
India’s Sahara fights regulator on loss of life unit to rival
Indian conglomerate Sahara said it will take the Insurance Regulatory and Development Authority of India (IRDAI) to court to fight against an order to transfer its life insurance business, Sahara Life, to rival company ICICI Prudential Life Insurance.