INDIAN INSURANCE COMPANIES (FOREIGN INVESTMENT) AMENDMENT RULES, 2016 SUBSTITUTION OF RULE 5 AND OMISSION OF RULE 6 NOTIFICATION NO. GSR 314(E)[F.NO.12018/1/2006-INS.IV], DATED 16-3-2016 In exercise of the powers conferred by clause (aaa) of sub-section (2) of section 114 of the Insurance Act, 1938 read with clause (b) of sub-section (7A) of section 2 of the… Read More »
Cabinet approves New Crop Insurance Scheme – Pradhan Mantri Fasal Bima Yojana – A boost to the farming sector The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has approved the ‘Pradhan Mantri Fasal Bima Yojana’ – a path breaking scheme for farmers’ welfare. The highlights of this scheme are as under:… Read More »
To all the Life Insurers Ref:IRDA/Life/GDL/MISC/186/10/2015 Date:28-10-2015 Applicability of provisions of Section 45 of Insurance Act 1938 in various scenarios After amendment to Section 45 of Insurance Act 1938 , we have been receiving queries from the Life Insurers with regard to the application of new provisions in various scenarios that can arise… Read More »