Insurance regulator, IRDA, has barred insurers companies from investing in Indian Depository Receipts (IDRs), the instruments through which foreign companies raise funds from the Indian equity market.
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Health insurers plan database to curb fraudulent claims
Health insurers are looking at setting up a shared database of fraudulent claimants and those with pre-existing health conditions, in a bid to curb mounting losses, reports the Economic Times.
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IRDA considers cutting charges on unit-linked products
IRDA is mulling a cut in charges levied by insurance companies on unit-linked products to make them more attractive, reports the Economic Times. The regulator is likely to introduce the cut by implementing a ceiling on overall charges, a move which will give insurers leeway to distribute the charges across various expenses and at the same time, benefit policyholders.
