Surety Insurance : IRDAI Issues Final Guidelines; Infrastructure Sector To Benefit
India’s insurance regulator has issued the final guidelines for surety insurance, a move aimed at supporting the infrastructure sector that’s prone to delays, defaults and litigation. The IRDAI (Surety Insurance…
IRDAI bats for ‘reasonable’ remuneration to insurance CEOs, to limit variable pay
Releases draft guidelines The Insurance Regulatory and Development Authority of India (IRDAI) has batted for ‘reasonable’ remuneration to insurance CEOs, to limit variable pay. This has been proposed in draft…
Maintenance of Current Accounts in multiple banks by Insurers
1.Insurers maintain separate current accounts with banks at different operational levels, i.e., Branch offices, Controlling offices, Corporate office, etc., for the purpose of premium collection, management expenses, policy payments, investment…
Dividend Criteria for Equity Investment under “Approved lnvestment”
Date 27th Sep,2O2l In continuation to circular no: IRDAI/ F&I/CIR/ INV/065/ 03/ 2021 Dr 3r’ March, 2O2l on the subject, the Authority in exercise of its powers conferred under Regulation…
Extension of timelines for (a) Issuance of Electronic Policies and (b) Dispensing with Physical Signatures on the proposal forms
Reference is drawn to the Circular No. IRDAI/Life/Cir/Misc/274/11/2020 dated 11th November 2020 and Circular No. IRDAI/Life/Cir/Misc/055/03/2021 dated 22nd March 2021 on Dispensing with physical signatures on proposal forms. Reference is…