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Tag Archives: Insurance Regulatory and Development Authority of India (IRDAI)

T L Alamelu appointed Member- IRDAI

T L Alamelu

Smt T L Alamelu presently Chairman, Agriculture Insurance Company (AIC), has been appointed as whole-time Member,  Insurance Regulatory and Development Authority of India (IRDAI), incharge of non-life insurance by the Appointments Committee of the Cabinet. First woman to head AIC, Alamelu will be third whole-time woman member of IRDAI. Ms.… Read More

Insurance Regulatory Sector | MoU between India and USA

Insurance Regulatory

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between Insurance Regulatory and Development Authority of India (IRDAI) and the Federal Insurance Office, USA.

Impact:The MoU provides a framework for cooperation and coordination, including for the exchange of information… Read More

LIC to acquire controlling stake of IDBI Bank | Approval for dilution of Government shareholding below 50%

LIC & IDBI Bank

The Union Cabinet chaired by PM has approved conveying of ‘no objection’ to reduction in Government of India shareholding in IDBI Bank Limited to below 50% by dilution, along with approved acquisition of controlling stake by Life Insurance Corporation of India (LIC) as promoter in the bank through preferential allotment / open offer of equity,… Read More

Sujay Banarji appointed Whole-Time Member- Distribution | IRDAI

IRDAI

Shri Sujay Banarji presently Officiating CMD, OICL (Director & General Manager, OICL) has been appointed as Whole-Time Member (Distribution) in Insurance Regulatory &Development Authority of India (IRDAI), with effect from the date of assumption of charge of the post, for a period of three years.

IndianBureaucracy.com wishes Shri Sujay Banarji… Read More