Wednesday, September 16, 2015

INSURANCE

1.  IRDAI to allow insurers to invest in GILT- ETF
Insurance Regulatory and Development Authority of India has said that Exchange Traded Funds with G-sec Underlying will be part of ‘approved investments’ for insurers. The regulator said that these should be issued and managed by mutual funds registered under SEBI (Mutual Funds) Regulations.

2. Corporate Agents, Banks can tie up with multiple insurers 

Insurance Regulatory and Development Authority of India has decided that corporate agents (including banks) can tie up with upto three life, non-life and health insurers each for the distribution of insurance products. However, this will not be made mandatory.

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