Tag: IRDA

Regulatory Authorities of Financial Institutions in India

Financial Institutions are dealing with financial transactions, such as investments, loans and deposits. It composed of organizations such as banks, stock exchanges, insurance companies and investment companies. Everything from depositing money to taking out loans and exchange currencies must be done through financial institutions. Role of…

Regulation of Insurance Sector in India

Insurance Regulatory and Development Authority is the main regulatory authority of insurance sector in India. The IRDA Act was passed in December, 1999 with a view to 1. Provide for establishment of an Authority 2. Make amendment in Insurance Act,…

Proposed law to regulate sectoral regulators

The government of India plans to introduce a law to regulate sectoral regulators. The regulatory reform bill 2012, will apply to all infrastructure sectors like telecom, electricity, airports and ports that already have existing regulator as well as coal, railways,…

Life Insurance

  From a legal angle insurance is a contract. The contract is between insurance company and the person getting insurance cover, beneficiaries of insurance would include The policyholder The insured person Dependent of the insured person Life insurance is usually…

Insurance sector & its condition in India

Life Insurance is the fastest growing sector in India till 2010. Private companies started their business after 2000 as Government allowed Private players and FDI up to 26%.The first private company which had entered into this sector was HDFC Life…