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LATEST NEWS
Standing Committee dumps proposed changes to insurance laws
A parliamentary committee has rejected almost all the key changes proposed in the Insurance Laws (Amendment) Bill 2008, including the key reform to allow 49% foreign direct investment in the sector. The standing committee on finance also rejected the proposal to allow unregistered foreign..
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Govt proposes unitary team to prevent financial crises
The Union Government aims to develop an early-warning system for the financial market. This has become important in view of the increased volatility in the currency and equity markets. R. Gopalan, Secretary in the Department of Economic Affairs, chaired a high-level meeting to discuss structural issues..
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Grievance redress in insurance sector on the fast track
Over 90% of complaints have been attended to since introduction of new system: IRDA

Grievance redress in the insurance sector is quicker now. The average time taken for a grievance to be addressed is around 14 days. This has been made possible because of the integrated grievance management system set up by the Insurance Regulatory
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