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Death Claim settlement ratio of Life Insurers in Year 2014-2015

Insurance Regulatory and Development Authority of India (IRDAI) have published its annual report of year 2014-2015 on 19/01/2016. Along with all the other data related to life insurers, general insurers and health insurer, IRDAI have also published the data related to individual death claim settle by all the 24 Life Insurance companies in year 2014-2015. Individual […]

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LIC may soon withdraw Jeevan Akshay VI

After the gazette notification issued by Insurance Regulatory and Development Authority of India (IRDAI) on 14/10/2015 for annuity plans offered by Life Insurers, LIC of India may soon withdraw or relaunch (with modifications) its Immediate Annuity Plan Jeevan Akshay VI. The Authority may issue separate instructions for withdrawing the products which are not in compliance with […]

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Keep all the Insurance policies in electronic form with Insurance Repository

Insurance Repository means a company formed and registered under the Companies Act, 1956 and which has been granted a certificate of registration by Insurance Regulatory and Development Authority (IRDA) for maintaining data of insurance policies in electronic form on behalf of Insurers. To implement the Insurance Repository System, IRDA has granted Certificate of Registration to […]

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