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With effect from 1 April 2024, IRDAI has removed the age limit for purchasing health insurance policies.Earlier, 65 years was the age limit for buying new health insurance policies [6] IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India.
The IBAI is the sole representative body of licenesed insurance brokers recognised by the Insurance Regulatory and Development Authority of India (IRDAI). [3] As per the Insurance Brokers' Regulations 2002 issued by IRDAI and as amended from time to time (last amended in 2018) it is mandatory for all licensed Brokers to be member of IBAI.
List is arranged chronologically based on their recognition by IRDAI # Company Sector Headquarters Founded 1: Life Insurance Corporation of India: Govt. Mumbai: 1956 2: HDFC Life Insurance Co. Ltd. Private Mumbai: 2000 3: Max Life Insurance Co. Ltd. Private Delhi: 2000 4: ICICI Prudential Life Insurance Co. Ltd. Private Mumbai: 2000 5: Kotak ...
Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. [2] It operates under the jurisdiction of Ministry of Finance in the Government of India.
New India Assurance Building, Mumbai, Maharashtra. The New India Assurance Co. Ltd. (NIACL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance.
Notification No. 5/7/2003-ECB issued by the Ministry of Finance (Department of Economic Affairs) in a Press Release dated 22 December 2003 mandated NPS for all new recruits (except armed forces) joining government services from 1 January 2004 [4] While the scheme was initially designed for government employees only, it was opened up for all ...
The International Financial Services Centres Authority (IFSCA) is the regulatory body for the Indian special economic zones such as the GIFT International Financial Services Centre for International Financial Services and commodity markets under the ownership of the Government of India. [3]
A District Co-operative Central Bank (DCCB) is a rural cooperative bank operating at the district level in various parts of India. [1] [2] It was established to provide banking to the rural hinterland for the agricultural sector with the branches primarily established in rural and semi-urban areas.