Despite the ongoing process, top candidates are reportedly declining the offer due to unwillingness to relocate to Hyderabad, where the IRDAI is headquartered in the Financial District of Nanakramguda ...

If the IRDAI adopts the panel's advice, it could impact ongoing merger plans such as the one between Max Financial Services ...

The Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for ...

Dinesh Khara-led panel warns that allowing mergers between insurers and non-insurance firms could endanger policyholders; ...

Insurance sector regulator Irdai may restrict Kiwi General Insurance from offering retail health products to avoid direct ...

Irdai is considering limiting Kiwi General Insurance's retail health offerings due to WestBridge Capital's majority stake in ...

The Jio-Allianz reinsurance JV signals rising competition in India’s Rs 98,000-crore market, challenging GIC Re’s dominance. With GIC’s market share falling to 51% and foreign reinsurers gaining ...

IRDAI forms special panels to enforce norms, address mis-selling concerns, and approve insurance company registration.

Insurance regulator Irdai has set up panels to investigate regulatory breaches by insurers and intermediaries. This decision ...

The reason behind this recommendation is that India’s insurance sector has been undergoing rapid transformation and IRDAI ...

IRDAI forms special panels to enforce norms, address mis-selling concerns, and approve insurance company registration.

Max Financial had disclosed to CNBC‑TV18 in May 2024 that it was “hopeful of getting IRDAI approval” for the merger.