CBR IRDA DRIVER

If an insurer is engaged in both direct insurance as well as reinsurance business, these regulations are applicable only in respect of direct insurance business of such insurers. Published on May 10, The outsourcing contracts, shall have in place certain clauses or conditions listed below, as may be applicable Information and asset ownership rights, information technology, data security and protection of confidential information Guarantee or indemnity from the outsourcing service provider Contingency planning of the outsourcing service provider Express clause that the contract shall neither prevent nor impede Insurer from meeting its respective regulatory obligations, nor the regulator from exercising its regulatory powers of conducting inspection, investigation, obtaining information from either the insurer or the outsourcing service provider Termination clause specifying orderly handing over of data, assets, etc. The regulations also provide the responsibilities of the outsourcing committee. The birth of a youth brand This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a What a year has been!

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Cracking the new CODE of marketing In the new year, marketers will have to focus on four new essentials Flashback The birth of a youth brand This book excerpt outlines how saucy, edgy Fastrack was conceived out of the Titan stable and evolved into a However, the wheels of health financing are beginning to Healthcare in India is unaffordable for most people.

A scheme for amalgamation must be submitted to, and approved in principle by, IRDA then advertised to policyholders, following which IRDA will give final approval if the merger is in the best interests of the policyholders.

IRDAI lists 16 cross-border reinsurers for FY19

Our Bureau Updated on May 10, irad The committee will directly report to the board of directors of the insurance companies. It is likely that the authority may give more approvals in future.

A foreign company is permitted to undertake reinsurance business in India by establishing a branch in India. In the new year, marketers will have to focus on four new essentials. We use cookies to deliver our online services. Skilling the youth — using their suggestions A multi-stake partnership to equip adolescents and youth for the job market is taking shape, with Unicef as Please Email the Editor.

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In the famed carpet belt of Bhadohi, UP, the first centre to train as well as employ women in carpet weaving You can invest in an index fund for your goal-based portfolios. However, any existing outsourcing arrangement to which these Outsourcing Regulations become ieda, is required to be appropriately amended to bring such arrangement in compliance with these Outsourcing Regulations within days from the date of the Outsourcing Regulations coming into effect.

IRDAI lists 16 cross-border reinsurers for FY19 – The Hindu BusinessLine

The lender could face action similar to Bandhan Bank. The regulations also provide the responsibilities of the outsourcing committee. Goodbye to all that1 What ended The outsourcing contracts, shall have in place certain clauses or conditions listed below, as may be applicable Information and asset ownership rights, information technology, data security and protection of confidential information Guarantee or indemnity from the outsourcing service provider Contingency planning of the outsourcing service provider Express clause that the contract shall neither prevent nor impede Insurer from meeting its respective regulatory obligations, nor the regulator from exercising its regulatory powers of conducting inspection, investigation, obtaining information from either the insurer or the outsourcing service provider Termination clause specifying orderly handing over of data, assets, etc.

Past approvals In the yearthe regulator had recognised reinsurers and 90 Lloyds Syndicates. The insurer is required to ensure that the outsourcing service provider shall not sub-contract, the whole or a substantial portion of any of the outsourced activity.

In the new year, marketers will have to focus on four new essentials. A rewind of Portfolio in In a year of unprecedented volatility, we bolstered our offerings across avenues Choosing active mutual funds is no mean task You can invest in an index fund for your goal-based portfolios Real estate: You can invest in an index fund for your goal-based portfolios. All arrangements which do not comply with the Outsourcing Regulations within days of the date of the Outsourcing Regulations coming into effect, will be automatically treated as terminated and no compensation will be payable to the outsourcing service provider for continuance of such services beyond the period.

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In Maharashtra, it appears the rural jobs scheme is being implemented on paper alone. Modi regime is spending more on material component, less on labour, so people are not benefited, says CP Joshi A rewind of Portfolio in In a year of unprecedented volatility, we bolstered our offerings across avenues Choosing active mutual funds is no mean task You can invest in an index fund for your goal-based portfolios Real estate: Any transfer of shares by a transferor or group of transferors which jointly or severally exceeds one per cent of the paid up equity capital of an insurance company requires prior approval of the IRDA.

Insurance regulation in India | Ten things to know | Global law firm | Norton Rose Fulbright

What a year has been! Inreinsurers and 87 Lloyds Syndicates were recognised. A local insurer must be a public company or a co- operative society. The consolidated net loss of all the PBs in India has more than doubled.

The Outsourcing Regulations are applicable to all existing outsourcing arrangements. However, self-certification of the Fit and Proper criteria idda the acquirer and filing with the same with the concerned insurer shall be considered as the deemed approval of the IRDA.

A multi-stake partnership to equip adolescents and youth for the job market is taking shape, with Unicef as