Tag: Insurance regulator

IRDAI’s proposed distribution norms ruffle feathers of LIC agents, broker body

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IRDAI’s proposed distribution norms ruffle feathers of LIC agents, broker body

IRDAI proposed reforms irk LIC agents, brokers | Photo Credit: The Hindu Voicing concerns over the impact of the reforms IRDAI is proposing to norms governing distribution, commissions and expenses, bodies representing insurance brokers and Life Insurance Corporation of India (LIC) agents have urged the insurance regulator to consider the likely repercussions on the jobs…

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IRDAI approves India AS framework for insurers from April 1

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IRDAI approves India AS framework for insurers from April 1

Insurance regulator IRDAI has approved amendments mandating insurers to prepare and present financial statements in accordance with applicable Indian Accounting Standards effective April 1, 2026. The implementation of Ind AS will be applicable to all categories of insurers — life, general, stand alone health insurers and reinsurers. The amendment sets out the regulatory framework governing…

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Bancassurance channel | IRDAI constitutes taskforce to review model, carry out modifications

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Bancassurance channel | IRDAI constitutes taskforce to review model, carry out modifications

IRDAI has constituted a taskforce on the Bancassurance channel for the distribution of insurance policies through banks. Insurance Regulatory and Development Authority of India (IRDAI) has constituted a taskforce on the Bancassurance channel for the distribution of insurance policies through banks with an objective to review the model and carry out modifications if required. Citing…

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