Dos RN que passaram pela triagem, 379 (16%) apresentaram IRDA
) e 1955 (84%) nao apresentam IRDA
had dismantled the third party motor insurance pool from April 1, 2011 thereby linking the premium rate with the prevailing market rate.
With the establishment of the IRDA
, we have charted a new course of action and a detailed presentation was made.
Specifiying on the cost structure, IRDA
said that the maximum expense, including commission, should not be more than 27.
However, this was not acceptable to insurance regulator IRDA
Hari Narayan said IRDA
would come into the picture if there was breach of contract between the firm and the insured person.
The Insurance sector regulator has also asked for an independent auditor to carry out the audit by 90 days of his appointment and then present the action taken report to the IRDA
According to the IRDA
circular, all regular premium/ limited premium Ulips shall have uniform paying premiums.
The respective insurance companies will assign another agent," IRDA
Mentioning the IRDA
facts, She has also stated that overall 4,41,91,864 life insurance policies were sold in the last fiscal year (2011-12), of which around 1,39,83,265 were issued in the rural areas, reflecting 31.
No surrender charge can be levied by an insurer for policies surrendered from the fifth policy year and thereafter the policyholder will be entitled to receive the full fund value on such surrender," IRDA
said in a circular sent to CEOs of all life insurance companies.
Insurance regulator IRDA
has imposed Rs 49 lakh penalty on Tata-AIG Life Insurance Company non compliance of various regulatory norms.