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IRDAI Issues an Insurance Broker License for PhonePe
| Updated: Sep 04, 2021 | Category: Insurance Broker

IRDAI Issues an Insurance Broker License for PhonePe

On August 30 2021, IRDAI issues an Insurance Broker License for PhonePe. Last year, PhonePe had entered the insurance sector with an insurance corporate agent license, which allowed the company...

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Insurance Companies (Foreign Investment) Amendment Rules 2021 - An Overview
| Updated: Sep 03, 2021 | Category: IRDA Advisory

Insurance Companies (Foreign Investment) Amendment Rules 2021 – An Overview

Recently the Finance Ministry of India issued the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021, which amend detailed provisions of the Indian Insurance Companies (Foreign Investment) Rules, 2015 to...

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General Insurance Business (Nationalisation) Amendment Bill, 2021
| Updated: Aug 25, 2021 | Category: IRDA Advisory

General Insurance Business (Nationalisation) Amendment Bill, 2021

On August 11, the General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed by the Parliament of India. This bill aims to push greater participation in public sector insurers. The...

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What are the Key Features of Micro Insurance Companies?
| Updated: Jul 22, 2021 | Category: IRDA Advisory

What are the Key Features of Micro Insurance Companies?

Micro Insurance is a form of insurance aimed to make essential insurance items more realistically priced. It breaks down insurance from its traditional form into something much lower – including...

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CA Service Provider in India
How do Insurance Companies Steer Clear of Their Liability in Case of Double Insurance?
| Updated: Jul 13, 2021 | Category: IRDA Advisory

How do Insurance Companies Steer Clear of Their Liability in Case of Double Insurance?

There may be certain conditions wherein an individual may come across few examples wherein they may find that they had taken overlapping insurance covers over a similar subject matter. So...

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What is the Process to File a Case with Insurance Ombudsman in India?
| Updated: Jul 10, 2021 | Category: IRDA Advisory

What is the Process to File a Case with Insurance Ombudsman in India?

The IRDAI or Insurance Regulatory and Development Authority of India have arranged a procedure for insurance companies to handle the complaints of customers. In case you have any questions or...

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What are the Roles of IRDA? – An Overview
| Updated: Jul 02, 2021 | Category: IRDA Advisory

What are the Roles of IRDA? – An Overview

IRDA stands for Insurance Regulatory and Development Authority, is the highest authority that authorises the working of insurance business in India. It was established by the Insurance Regulatory and Development...

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Health Insurance
| Updated: Jun 28, 2021 | Category: Insurance Broker

Things to Know Before Buying Health Insurance – An Overview

The idea of health insurance needs specific things to know before buying health insurance. Health is the central consideration point for any nation's growth. There is growing awareness regarding health...

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NBFC License Registration
Insurance Broking
| Updated: May 07, 2021 | Category: Insurance Broker

Insurance Broking Opportunities & Critical Aspects – An In-depth View

These days, there are various insurance policies available in the marketplace, which can confuse non-specialists in making the correct or suitable insurance choice. An insurance broker gives instructions and guidance...

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Insurance Brokerage Company
| Updated: May 05, 2021 | Category: Insurance Broker

How to Set Up an Insurance Brokerage Company in India?

From 2003 onwards, lots of insurance brokers have entered the insurance industry in India and encouraged it to great heights. The insurance business has always been highly money-making and risk...

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