Search result for Insurance Regulatory
CBIRC ASKS CHINESE BANKS NOT TO WITHHOLD LOANS TO HUARONG
Highlights –
- CBIRC asks Chinese banks not to withhold loans to Huarong.
- Huarong is reportedly one of China's four biggest distressed asset management companies.
- Huarong and its subsidiaries reportedly have outstanding offshore bon...
Engine protection in 2019: Hike in outsider premiums and punishments
As indicated by the new Motor Vehicles Act, which came into power from September 1, the punishment on driving a vehicle without substantial engine protection has been expanded to Rs 2,000 for the principal offense and a fine of Rs 4,000 for the second offense with the probability of being impriso...
How can a policyholder benifit from the new guidelines of Irdai?
On Monday, India's Insurance Regulatory and Development Authority (Irdai) released a draft exposure reviewing the motor-owned damage cover product structure. Of all, the main suggestions involve simplifying the measurement of depreciation and insured amounts, rationalizing and renaming the Ge...
IRDAI to the rescue of insurances
The insurances of the nation have become a hot topic to be discussed as the financial systems are starting to collapse. The insurance sector could save failing banks and some other non-banking financial firms. But this will require complete cooperation from the insurance firms and also need the i...
Startups doing better than traditional insurance firms
The insurance scene of India has been changing and it is for the good this time, as the traditional startup systems are failing miserably the new tech startups have kicked and took up the mantle of balancing the unstable sector and with their confidence, they are here to kill the traditional name...
Insurance firm fined for violations
The insurance sector of India has been in quite a mess as there are more and more frauds in the sector are being found. It is becoming difficult for the insurance sector to stay financially viable aa the banking sector and the core financial sector is also a mess which is causing more harm to the...