IRDA
Post the Modinomics wave, there is a positive sentiment in all the sectors including the insurance sector. The Life insurance companies are awaiting a nod from the Insurance Regulatory Development Authority (IRDA) to invest in the infrastructure bonds issued by the banks. Currently, the infrastructure bonds have not been given the ‘infra’ status by IRDA and [...] Continue Reading »
The Finance Ministry is mulling an option of allowing the long-term funds from such funding institutions to help housing finance companies (HFCs) overcome the asset liability mis-matches. These funds can be channelized to the housing sector either by allowing them to lend to HFCs, or permitting them to invest in Residential Mortgage Backed Securities (RMBS) [...] Continue Reading »
Insurance and Regulatory Development Authority (IRDA) chairman J Hari Narayan reported saying that the the home insurance polices upheld the house owners in Sikkim is being checked through our IRDA department. Industry estimates proved that 2% of India’s homes have been insured to protect themselves over the natural calamities and disasters, etc. Also that crores [...] Continue Reading »
