IRDA to meet life insurers on May 2

India Infoline News Service | Mumbai |

The IRDA chairman would formally meet members of life insurance business

IRDA (Insurance Regulatory and Development Authority) chairman TS Vijayan has declared a meeting of the chief executives and appointed actuaries of life insurance companies on May 2.

The IRDA chairman would formally meet members of life insurance business and discuss issues related to the new regulations passed by the regulator.

The IRDA made significant changes in the traditional product structures, surrender charges and commissions payable to the insurance agents.

Life insurers will have to re-file around 70% of their products to meet the new guidelines.

The insurers have been given time till June 30, 2013 and September 30, 2013 to re-file their group and individual products, respectively.



 

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