Dos RN que passaram pela triagem, 379 (16%) apresentaram
IRDA (
IRDA) e 1955 (84%) nao apresentam
IRDA.
The
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 chairman J.
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.
