Muthoot Microfin secures IRDAI licence to offer insurance products

[ad_1] Muthoot Microfin has secured a corporate agent licence from the Insurance Regulatory and Development Authority of India (IRDAI).The licence allows Muthoot Microfin to offer insurance products to its customers while augmenting its sources of revenue and earnings, the stock...

IRDAI asks insurers to open more bricks-and-mortar branches

[ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to open more bricks-and-mortar branches alongside stepping up digital offerings. “Physical presence through brick-and-mortar offices leads a long way in gaining customer confidence particularly in remote locations of...

Kirloskar’s Arka Fincap bags insurance licence, shares rise

[ad_1] Kirloskar Oil Engines Limited’s shares were up by 7.10 per cent after its subsidiary Arka Fincap Limited received a corporate agency licence (composite) from the Insurance Regulatory and Development Authority of India (IRDAI), enabling the non-banking financial company (NBFC)...

IRDAI reduces audit firm term to bolster audit quality

[ad_1] Insurance regulator IRDAI’s new corporate governance guidelines have reduced the engagement period of statutory auditors with insurance companies. Audit firms now have a four-year term for joint statutory audits, followed by a mandatory three-year cooling-off period, according to the...