IRDAI

Reliance Capital acquisition: Hinduja Group’s IIHL will get IRDAI approval

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Hinduja Group’s IndusInd Worldwide Holdings (IIHL) on Could 10 acquired the long-awaited Insurance coverage Regulatory and Growth Authority of India’s approval for the acquisition of Reliance Capital. Additionally learn: Able to conclude RCap deal submit IRDAI approval: Ashok Hinduja The acquisition will embrace the takeover of Reliance Capital’s insurance coverage arms — wholly-owned subsidiary Reliance … Read more

IRDAI marks twenty fifth anniversary with slew of regulatory reforms

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Because the Insurance coverage Regulatory and Improvement Authority of India (IRDAI) enters the Silver Jubilee 12 months on Friday, the regulator is busy making a clean floor for a slew of regulatory reforms introduced in March that come into impact from the present monetary 12 months. That is even because the trade gamers are additionally buckling as … Read more

IRDAI seeks particulars on IIHL’s proposed takeover of RCap’s insurance coverage arms

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IRDAI has written to the administrator of Reliance Capital on March 20 looking for particulars of IndusInd Worldwide Holdings’ proposed takeover of bancrupt RCap and its insurance coverage subsidiaries. The letter was in response to functions filed by the insurance coverage subsidiaries in October 2023 and conferences held with the administrator in December 2023 and … Read more

Insurance coverage regulator rolls out revised set of rules

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In a big regulatory revamp, Insurance coverage Regulatory and Growth Authority (IRDAI) has changed 34 current rules with six rules and launched two new rules. On March 19, the IRDAI Board permitted the eight principle-based consolidated rules to boost readability and coherence within the regulatory panorama. The rules embody pivotal domains akin to safeguarding of … Read more

IRDAI provides in-principle nod for Policybazaar to improve license, enter reinsurance promoting

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PB Fintech on Friday stated that insurance coverage regulator IRDAI has granted in-principle approval to its wholly owned subsidiary Policybazaar Insurance coverage Brokers (Policybazaar) to improve its license from a direct insurance coverage dealer (Life and Normal) to a composite insurance coverage dealer. Additionally learn: Policybazaar father or mother PB Fintech turns worthwhile, reviews Q3 … Read more

IRDAI eases norms for funding in infrastructure by insurers

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The Insurance coverage Regulatory and Growth Authority of India (IRDA) has carried out away with the present follow of in accordance a case to case foundation approval for investments in Infrastructure Growth Fund (IDF) by the insurers.  This can give insurers a free hand to insurers in investing in IDF which is after all subjected to a … Read more