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Experts demand rules for stake dilution in insurance firms


December 5th, 2011 - 8:22 pm ICT by IANS
Chennai, Dec 5 (IANS) The government should come out with rules such as setting a time frame for dilution of excess stake held by promoters of life insurance companies as ... Read more...

Posted in Business |

Court notice on insurance for AIDS patients


May 12th, 2011 - 12:57 am ICT by IANS
New Delhi, May 11 (IANS) The Delhi High Court Wednesday issued notice to the Insurance Regulatory and Development Authority (IRDA) on a petition to make HIV/AIDS patients eligible for health ... Read more...

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Lawsuit challenges SBI’s life insurance scheme


November 26th, 2010 - 8:18 pm ICT by IANS
Lucknow, Nov 26 (IANS) The Lucknow bench of the Allahabad High Court Friday issued a notice to SBI (State Bank of India) Life Insurance on a public interest litigation (PIL), ... Read more...

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Rajya Sabha passes bill to settle disputes between regulators


August 9th, 2010 - 7:04 pm ICT by IANS
New Delhi, Aug 9 (IANS) The Rajya Sabha Monday passed a bill to address disputes among financial regulators like the one over unit-linked insurance plans, with Finance Minister Pranab Mukherjee's assurance ... Read more...

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Bill to settle disputes between regulators introduced


July 27th, 2010 - 3:35 pm ICT by IANS
New Delhi, July 27 (IANS) Finance Minister Pranab Mukherjee Tuesday introduced a bill in the Lok Sabha to replace an ordinance issued last month to resolve all disputes between regulators over ... Read more...

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Ordinance declares ULIPs life insurance product (Lead)


June 19th, 2010 - 11:44 pm ICT by IANS
New Delhi/Chennai, June 19 (IANS) Delivering a knock out punch to the Securities Exchange Board of India (SEBI), the government through a ordinance issued late Friday, has unequivocally declared that unit ... Read more...

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Ordinance makes ULIPs insurance product


June 19th, 2010 - 10:21 pm ICT by IANS
New Delhi/Chennai, June 19 (IANS) Setting at rest the tussle between the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA), President Pratibha Patil Friday ... Read more...

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IRDA asks life insurers to defy SEBI ban (Lead)


April 11th, 2010 - 5:02 pm ICT by IANS
Chennai, April 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) has asked 14 life insurers to defy the ban imposed by the Securities and Exchange Board of India (SEBI) on selling ... Read more...

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Life insurers asked to defy SEBI ban


April 11th, 2010 - 2:26 pm ICT by IANS
Chennai, April 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) has asked 14 life insurers to defy the Securities and Exchange Board of India (SEBI)-imposed ban on selling unit linked insurance ... Read more...

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Insurance regulator warns against Aetna Healthcare


March 18th, 2010 - 12:36 am ICT by IANS
Chennai, March 17 (IANS) The Insurance Regulatory and Development Authority (IRDA) Wednesday warned the public not to subscribe to any healthcare plans sold by the Bangalore-based Aetna Healthcare Networks (India) as it ... Read more...

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Life insurers hope for reforms by the new government


May 17th, 2009 - 5:19 pm ICT by IANS
Chennai, May 17 (IANS) A much stronger Congress-led coalition to form the next government bodes well for the life insurance sector clamouring for reforms, says the industry's representative organisation. "Two important amendment bills ... Read more...

Posted in Politics |

Tax department to be consulted before changing insurance Form I


March 13th, 2009 - 4:29 pm ICT by IANS
By Venkatachari Jagannathan Chennai, March 13 (IANS) India's insurance regulator will seek the opinion of the Central Board of Direct Taxes (CBDT) before changing the format of the valuation balance sheet, or Form ... Read more...

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Private life insurers to seek clarity on tax laws


February 8th, 2009 - 5:16 pm ICT by IANS
Chennai, Feb 8 (IANS) After having received notice from the Income Tax department to reopen their past tax assessments, private life insurers are likely to approach the sectoral watchdog seeking clarity on ... Read more...

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Foreign direct investment in insurance to be raised to 49 percent


October 31st, 2008 - 2:05 pm ICT by IANS
New Delhi, Oct 31 (IANS) Foreign direct investment in insurance companies in the private sector will be raised to 49 percent through a bill to be tabled in parliament, it was announced ... Read more...

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