The 600 plus attendance at the 12th Insurance Summit 2009 on September 18, organised by the Confederation of Indian Industry (CII) at Mumbai, the most in 10 years, had a lot to discuss. Even though the ‘commission issue’ was every one’s lips, other routine issues too were addressed by doyens who took the mike.

Insurance Regulatory and Development Authority (IRDA) has laid down some ground rules relating to renewal of Health insurance policies by all General insurance companies. The main conditions are that all policies should be renewed except in cases of fraud, moral hazard or misrepresentation. Renewal of policies should especially not be refused on the grounds that [...]

exposure in Satyam Life insurance companies will soon be asked to disclose their investment stake in Satyam shares from their unit-linked insurance policies (ULIPs) by the Insurance Regulatory and Development Authority (IRDA). Mr J Hari Narayan, Chairman, IRDA, was reported saying that the Regulator will soon instruct insurers to assess the impact of their exposure [...]