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LIC Ties-Up With Five Insurance Repositories To Convert Policies Into Digital Form [Posted by: InsuringIndia News on Monday, August 25, 2014 12:00 AM ]

Insurance behemoth the Life Insurance Corporation (LIC) of India has tied-up with all five insurance repositories in order to comply with the Insurance Regulatory and Development Authority (IRDA) last week.

The insurance regulator had launched a two-month pilot project for Mumbai last month, making it mandatory for all life insurance firms to digitise traditional paper policies a minimum of 1,000 or 5 % of the total individual policies issued. Further, this facility may be extended across

Indian Insurers Can Invest In Onshore Rupee Bonds Of IFC, ADB [Posted by: InsuringIndia News on Friday, August 22, 2014 12:00 AM ]

Accepting the request of International Finance Corporation (IFC), Indian insurance regulator, the Insurance Regulatory and Development Authority (IRDA), on Wednesday, allowed Indian insurers to invest in onshore rupee bonds issued by IFC and Asian Development Bank (ADB).

The International Finance Corporation , World Bank’s financing arm for the private sector, said that it would raise $2.50 billion (about Rs.15,000 crore) from rupee-denominated bonds to support infrastructure development

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