Finance Minister Nirmala Sitharaman on Saturday, October 4, launched a three-month nationwide drive to help people recover their unclaimed financial assets, including dormant bank deposits, unpaid insurance claims, dividends, shares and mutual fund proceeds. The campaign, called ‘Aapki Poonji, Aapka Adhikar – Your Money, Your Right’, was inaugurated in Gandhinagar, Gujarat, and will run till…
After the Department of Financial Services’ (DFS) intervention, Insurance Regulatory and Development Authority of India (IRDAI) is preparing to send a show cause notice against insurance companies. DFS had discussed IRDAI’s intervention in the matter of health insurance companies increasing health premiums too much, Zee Business reported. According to IRDAI, seven companies violated the master circular…
The Insurance Regulatory and Development Authority of India (IRDAI) has proposed an average 18 per cent increase in motor third-party (TP) insurance premiums, potentially ending a four-year freeze in rates. For at least one category of vehicles, a steeper hike between 20 and 25 per cent has also been recommended. The proposal is currently under…
Shares of Niva Bupa Health Insurance rose 2% in Thursday’s trading session to their day’s high of Rs 85.60 on the BSE, after the Insurance Regulatory and Development Authority of India (IRDAI) approved the reappointment of Krishnan Ramachandran as chief executive officer and managing director for a five-year term. The regulator’s approval, disclosed in an…