Irdai

IRDAI warns insurance firms against commission payouts, urges them take corrective actions to reduce premiums | Mint

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The Insurance Regulatory and Development Authority of India (IRDAI) has warned general and health insurance companies against rising commission payouts, which have led to higher premiums for insurance holders, reported CNBC-TV 18, citing sources on Tuesday. The regulator has also urged firms to contain commissions to avoid strict actions in the future. Life and general … Read more

Ultra-long bonds: Centre mulls strategy to deepen insurance market

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The move, being mulled by the Union finance ministry with the help of the Reserve Bank of India (RBI), would also help the government nudge the industry towards its target of insurance for all by 2047, these people said on the condition of anonymity. For insurers, investing in these 50-year on-tap bonds would provide them … Read more