Irdai Budget
Deepak Sood appointed as whole time member (non-life) of Irdai
He previously worked as CEO of Avantha Ergo and Future Generali India Insurance and held leadership roles at Bajaj Allianz, Zurich Financial Services, and United India Insurance
 "Deepak Sood appointed as whole time member (non-life) of Irdai")
IRDAI approves Bima Sugam, 7 other regulations in 125th board meet
The board of the insurance regulator approved the 'Bima Sugam' platform where the policyholders can compare premiums and purchase a wide array of insurance products
 "IRDAI approves Bima Sugam, 7 other regulations in 125th board meet")
Insurance firms must adhere to best practices for customers: Regulator
IRDAI discusses issues related to expanding insurance, technology and collaborations
 "Insurance firms must adhere to best practices for customers: Regulator")
Govt appoints Rajay Kumar Sinha as Irdai's member for three years
Sinha is currently serving as the Managing Director and Chief Executive Officer of SBI Capital Markets, the investment banking arm of the State Bank of India
 "Govt appoints Rajay Kumar Sinha as Irdai's member for three years")
Axis Bank complies with IRDAI order; to buy more 7% stake in Max Fin
Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in Max Life Insurance at fair market value using discounted cash flow method. The revision in agreement follows the guidance issued by the Insurance Regulatory and Development Authority (IRDAI) in October last year. Axis Bank and its subsidiaries -- Axis Securities and Axis Capital -- had in 2021 entered into definitive agreements with Max Financial Services Ltd for acquiring 20 per cent stake in its subsidiary Max Life Insurance Co Ltd. Following this, Axis Entities had collectively acquired 12.99 per cent of the equity share capital of Max Life. In a regulatory filing on Tuesday, Axis Bank said Axis Entities have entered into revised agreements with Max Financial on January 9, 2023. As per the revised agreement, "...the valuation for the right to acquire the balance 7 per cent equity stake of Max Life would be at fair market value using discounte
 "Axis Bank complies with IRDAI order; to buy more 7% stake in Max Fin")
Irdai's ad budget raised in FY18 even as it spent only 40% in FY17
Irdai had a budget of Rs 60 cr for ad last year of which it spent only Rs 24 cr
 "Irdai's ad budget raised in FY18 even as it spent only 40% in FY17")
