EX-IRDAI CHAIRMAN SEES SCOPE OF INDIAN INSURANCE SECTOR TRANSFORMATION

HIGHLIGHTS

• Former IRDAI Chairman Subhash Chandra Khuntia believes that Indian insurance sector on the cusp of a transformation.
• Mr. Khuntia believes that demography of India, relatively low insurance penetration, and the potential for high economic gr...

HRT THERAPY OF THERAPEUTICSMD AND THERAMEX GAIN UK AND BELGIUM APPROVAL

HIGHLIGHTS

• HRT Therapy of TherapeuticsMD and Theramex has gained approval in Belgium and UK.
• The new therapy called BIJUVA which is carried out through capsules called BIJUVE is the first and only oral therapy that combines HRT with bio-identical horm...

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...

TRAI SECRETARY BATS FOR INDIA PLAYING DECISIVE ROLE IN 5G ERA

HIGHLIGHTS

• TRAI secretary S.K Gupta is confident about India playing a significant role in 5G Era.
• Gupta highlighted about India having 1.2 billion telephone subscribers, 1 billion Aadhaar card holders, and 800 million internet subscribers.

UK REGULATOR BATS FOR ASTRAZENECA COVID-19 VACCINE

HIGHLIGHTS

• Many European countries have stopped using Astrazeneca vaccine for COVID-19.
• UK regulator MHRA insists that Astrazeneca vaccine is safe.
• MHRA believes that the benefits of the vaccine regarding COVID-19 prevention outweigh the ri...

IRDAI WANTS TO CREATE P&I INSURANCE CLUB

HIGHLIGHTS

• IRDAI is planning to create a P&I insurance club.
• IRDAI is in talks with INSA.

The Insurance Regulatory and Development Authority of India (IRDAI) is planning to create a Protection and Indemnity (P&I) club in the ...

SHELL’S INDIAN UNIT STARTING RETAIL SALES OF LNG SOON

HIGHLIGHTS

• Very soon, Shell’s Indian Unit is going start the retail sales of LNG.
• Shell is planning to forge partnerships with many other entities and holders of LNG capacity to increase its reach.

Very soon, the India unit of ...

IRDAI WARNS PEOPLE AGAINST BUYING MOTOR INSURANCE FROM FRAUD COMPANY

HIGHLIGHTS

• IRDAI has urged people to not to buy motor insurance from Digital National Motor Insurance.
• Digital National Motor Insurance is a Bengaluru-based fraud company.
• This company does not have any license to sell insurance.

PBOC PUBLISHES RULES CONCERNED WITH A COMPANY’S CORPORATE CREDIT BONDS

Highlights –

• PBOC publishes rules concerned with a company’s corporate credit bonds.
• The National Development and Reform Commission and the China Securities Regulatory Commission have also participated in the above.
• There have b...

THE PLAN OF IRELAND TO ESTABLISH GAMBLING REGULATORY BODY DELAYED AGAIN

Highlights:

• The plan for establishing a regulatory body of Ireland for gambling has been delayed again
• The Justice Minister of Ireland said that the creation of the regulatory body for the gambling sector in Ireland will not happen until next year

INDIAN GOVERNMENT PANEL MAY REDUCE SPECTRUM PRICES

HIGHLIGHTS

• TRAI has not reduced the reserve price for spectrum.
• However, the inter-ministerial panel of the Indian government might reduce the prices.

According to unconfirmed source, although the Telecom Regulatory Authority of Indi...

TRAI CHIEF ASSURES SWIFT RESPONSE ON VODA-IDEA’S REDX PLAN

HIGHLIGHTS

• Vodafone Idea Ltd is under scrutiny of TRAI.
• The reduction of spectrum usage charges is under consideration.
• Vodafone India Ltd responded to the questions from TRAI.

Under scrutiny of the Telecom Regulatory Auth...

IRDAI relaxes standard health scheme standards; Arogya Sanjeevani policy can be sold by non-life insurers before 1 April

On 24 January 2020, India's Insurance Regulatory and Development Authority allowed non-life insurers to market the uniform health insurance policy prior to 1 April 2020. The Indian insurance regulator said the general and health insurers can offer the' Arogya Sanjeevani Policy'-the st...

Tata AIG Tricked in Re-insurance; IRDAI Blocks Malaysian Confidence Brokers and GMC

India's Insurance Regulatory and Development Authority (IRDAI) has penalized Unison Insurance Broking Services and suspended Tata AIG General Insurance Co Ltd from the Indian insurance and reinsurance sector, Malaysian Confiance International Reinsurance Brokers LLC and Jaipur-based Global Ma...

Non-life insurance companies announced an 11.5 percent increase in premium collections of some 15,980.81 crore

NEW DELHI: In December 2019, non-life insurance companies announced an 11.5 percent increase in premium collections of some 15,980.81 crore, Irdai data showed.

As many as 34 non-life insurance companies in the same month a year earlier had received a cumulative premium of 14,334.98 cror...

Sun TV falls 6%, cement stocks were positive

On Thursday, shares of broadcasting and cable TV operators fell by 6 per cent after Telecom Regulatory Authority of India (TRAI) made revisions to the new regulatory framework for cable and broadcasting services, the cable television users will be able to access more channels at lower subscriptio...

Punjab might retrieve power subsidy to Bigger farmers

PATIALA: A proposition on pulling back influence sponsorship to rich ranchers in Punjab was presented during an exceptional gathering assembled as of late by CM Captain Amarinder Singh to examine the effect of the subsequent power levy climb in the previous eight months, profoundly set sources in...

Are the regulatory earnings of Deepak Fertilizers and Petrochemicals (NSE: DEEPAKFERT) a fair representation of their earnings potential?

Generally speaking, we agree that profitable companies are less risky than businesses that lose money. Sometimes, however, companies get a one-off boost (or decrease) to their profit, and it's not always clear if statutory profits are a good guide to go forward. This article will consider whe...

Max India sells stake in Max Bupa as policyholders are reassured

Insurance Regulatory and Development Authority of India (IRDAI) has given the go-ahead to sell its entire stake in Max Bupa Health Insurance Company Ltd, according to Max India Limited.

A joint partnership, Max Bupa Health Insurance Company Ltd was taken by Max India limited and UK rela...

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...