Mondaq India: Insurance
Khaitan & Co
On 5 December 2017, the Insurance Regulatory and Development Authority of India (IRDAI) published a set of guidelines to regulate private equity investment in insurance companies - the IRDAI (Investment by Private Equity Funds in Indian Insurance Companies) Guidelines 2017 (Guidelines).
Tuli & Co
By way of an Order of 10th June 2016, the IRDAI set up a committee to evaluate the risk based capital approach and market consistent valuation of liabilities of Indian insurance business.
Tuli & Co
The Indian insurance sector has witnessed significant developments over the past couple of years. By way of the Insurance Laws (Amendment) Act 2015, establishment up of branch offices of foreign reinsurers was permitted.
Tuli & Co
A 5 Judge Bench of the Supreme Court in National Insurance Company Limited v Pranay Sethi, has laid down guidelines on the fixation of future prospects in cases of motor accidents for victims who are permanently employed, receiving a fixed salary, or self-employed.
Tuli & Co
The last few years have seen several Indian insurance companies introducing public offers with the objective of being listed on Indian stock exchanges. Recent press reports indicate that there may be several more in the pipeline in the next couple of years.
Tuli & Co
Indian insurance laws have traditionally restricted distribution of insurance products to insurance agents and insurance intermediaries who have obtained the requisite license/registration from the Insurance Regulatory and Development Authority of India (IRDAI).
Clyde & Co
Shockwaves have been felt in India, following the Tata-Cyrus Mistry fallout, which could result in potentially significant exposures for Indian Insurers and global Reinsurers.
Khaitan & Co
Insurance distribution involves marketing to clients by an insurer's in-house team and engaging intermediaries such as individual agents, corporate agents, and point of sales persons.
Khaitan & Co
In a landmark move, the Insurance Regulatory and Development Authority of India (IRDAI) appointed an administrator to manage the affairs of Sahara India Life Insurance Company Limited with immediate effect.
Clyde & Co
Lloyd's of London ("Lloyd's") has recently obtained final regulatory approval from the Insurance Regulatory and Development Authority of India ("IRDAI")...
Clyde & Co
Previously, foreign investment beyond 26 per cent and up to 49 per cent required the prior approval of the government (through the Foreign Investment Promotion Board ("FIPB")).
Tuli & Co
Health insurance business in India has, traditionally, been regulated by the framework governing general insurance business as issued by the Insurance Regulatory and Development Authority of India (IRDAI)...
Phoenix Legal
The 2014 Bill proposes to provide insurers the right to challenge/appeal against orders passed by the IRDA before the SAT.
Phoenix Legal
The (Indian) Insurance Act, 1938 allows the capital of an Indian insurance company to consist of equity shares and such other forms of capital as may be prescribed by regulations.
Phoenix Legal
The Insurance Regulatory and Development Authority of India ("IRDAI") has issued Guidelines ("Guidelines") on 19 October 2015 to further clarify "Indian Owned and Controlled" requirement for Indian insurance companies.
Phoenix Legal
The Insurance Regulatory Development Authority of India ("IRDAI") has, by way of a circular dated 18 May, 2016 issued revised Guidelines for Corporate Governance for insurers in India ("CG Guidelines").
Phoenix Legal
The Insurance Regulatory and Development Authority of India ("IRDAI") has, by way of a circular dated 18 May, 2015, issued the IRDAI (Transfer of Equity Shares of Insurance Companies) Regulations, 2015...
Phoenix Legal
The Foreign Investment Rules will now have to be placed before each House of Parliament for thirty days.
Phoenix Legal
The Insurance Laws (Amendment) Act, 2015, an Act to amend, inter alia, the (Indian) Insurance Act, 1938 and the Insurance Regulatory and Development Authority Act, 1999 has been notified and published in the official gazette.
Phoenix Legal
Owing to a lack of majority of the ruling party in the Upper House, the Ordinance is unlikely to be approved by the Upper House unless the ruling party successfully mobilises its support.
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Chadha & Co.
There is a view that the Indian Labour Legislation has vowed its commitment to the welfare of workers alone.
Singh & Associates
The Ministry of Labor & Employment on 22 December 2016 vide its Notification being G.S.R. 1166(E) and in exercise of the powers conferred by section 95 of the Employees' State Insurance Act, 1948.
Tuli & Co
A 5 Judge Bench of the Supreme Court in National Insurance Company Limited v Pranay Sethi, has laid down guidelines on the fixation of future prospects in cases of motor accidents for victims who are permanently employed, receiving a fixed salary, or self-employed.
Tuli & Co
The Financial Resolution and Deposit Insurance Bill 2017 (Bill), which has been referred to a Joint Parliamentary Committee of both the Houses (Joint Committee) in early October 2017, has recently attracted much attention.
Vaish Associates Advocates
"Labour" is a subject in the "Concurrent List" under the Constitution of India where both the Central and State Governments are competent to enact legislations subject, however, to reservation of certain matters...
Vaish Associates Advocates
The Gratuity Act enforces the payment of "gratuity", a reward for long service, as a statutory retiral benefit.
Tuli & Co
The Indian insurance sector has witnessed significant developments over the past couple of years. By way of the Insurance Laws (Amendment) Act 2015, establishment up of branch offices of foreign reinsurers was permitted.
Tuli & Co
Indian insurance laws have traditionally restricted distribution of insurance products to insurance agents and insurance intermediaries who have obtained the requisite license/registration from the Insurance Regulatory and Development Authority of India (IRDAI).
Singh & Associates
The Ministry of Labour and Employment vide its Notification dated 20 January, 2017 being G.S.R. 62(E) notified further amendment to the Employees' State Insurance (Central) Rules, 1950...
Tuli & Co
By way of an Order of 10th June 2016, the IRDAI set up a committee to evaluate the risk based capital approach and market consistent valuation of liabilities of Indian insurance business.
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