New Delhi, Jan 19 (IANS) The mid‑term annual premium growth in India is expected to touch 6.9 per cent between 2026 and 2030, making it the strongest growing major insurance market, a report said on Monday.The report from reinsurance company Swiss Re said the Indian insurance sector is entering a new era of robust mid-term growth, driven by strong macroeconomic fundamentals and rising consumer demand.The reinsurer forecasted life insurance to grow about 6.8 per cent annually, health insurance …
Latest Insurance Regulatory and Development Authority of India News & Updates
New Delhi, Dec 29 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on Reliance General Insurance Company for violating several regulatory norms related to insurance intermediaries, outsourcing of activities and corporate governance.The action comes after a remote inspection carried out by Insurance Regulatory and Development Authority of India between December 27 and December 31, 2021.Based on the findings of this inspection, the regu…
New Delhi, Dec 26 (IANS) The government has succeeded in returning to the rightful owners a total amount of nearly Rs 2,000 crore that was stuck as “unclaimed savings” across banks, insurance, mutual funds, dividends, shares, and retirement benefits held within the regulated financial system, according to an official statement issued on Friday.The funds have been restored through the Centre’s “Your Money, Your Right” nationwide awareness and facilitation initiative, launched in October 202…