Irdai | Pixr8 News

A Business Standard Report suggests that Government may completely exit Air India by selling its residual stakes to Life Insurance Corporation of India (LIC) and other financial institutions. As per the plans, 76 percent of equity would be sold in the national carrier, 50 percent in ground handling and AISATS hospitality firm, while 100 percent would go in its subsidiary Air India Express. This move will make things clear and do away with investor's concerns over the matter of government's intrusion in Air India operations. A senior official reported that center is keen on beginning discussions with LIC and other insurance companies in selling out its residual stake of Air India after employee stock ownership plans (ESOPs) are given out to permanent employees. Many state-owned ins...

Insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online. The portal isnp.irda.gov.in is also open to intermediaries in insurance business, Irdai said in a circular. Last month Insurance Regulatory and Development Authority of India (Irdai) issued guidelines on e-commerce for insurance sector. Announcing the launch of registration portal for Insurance Self Networking Platform (ISNP), Irdai said insurance companies, brokers and corporate agents can sell and service insurance policies through this platform. Insurers and intermediaries can create a login credential for registration and submit ISNP application form on the portal. In its guidelines issued in March, Irdai had said that companies may offer discounts to cus...

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Centre May Completely Exit Air India, Sell It’s Residual Stake to LIC

Insurance regulator Irdai Unveils Portal For Insurers to Sell Policies Online