November 22, 2024
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Insurance regulations

IRDAI fines HDFC Life 2024

IRDAI Fines HDFC Life Rs. 2 Crore for Regulatory Violations – What You Need to Know

Prateek09 mins

IRDAI Fines HDFC Life Rs. 2 Crore for Violations Introduction In a recent regulatory action, the Insurance Regulatory and Development Authority of India (IRDAI) has imposed a significant penalty of Rs. 2 crore on HDFC Life Insurance Company. This fine is a result of the company’s violations of several insurance regulations. The IRDAI’s decision underscores…

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IRDAI solvency requirement update

IRDAI Reforms: Lowering Solvency Requirement and Surety Bond Exposure Limits

Prateek06 mins

IRDAI Lowers Solvency Requirement and Removes Exposure Limit for Surety Bonds The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced significant changes in the solvency requirement and exposure limit for surety bonds. This move aims to enhance liquidity and boost growth opportunities within the insurance sector. Why this News is Important Impact…

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