https://www.taxtmi.com/news?id=3662 IRDA prescribes regulatory obligations requiring State-owned insurers to meet specified rural area business targets under the Obligations of Insurers to Rural or Social Sectors Regulations, 2002, and enforces compliance. The rules mandate a prescribed share of total policies for State life insurers and a prescribed share of gross direct premium for State non-life insurers in rural areas; no mandated targets apply to semi-urban areas. For 2010-11 State-owned insurers reported performance exceeding those rural targets and the Ministry of Finance disclosed these figures in a parliamentary reply. en-us Thu, 23 Aug 2012 17:26:13 +0530 Thu, 23 Aug 2012 17:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3662 IRDA prescribes regulatory obligations requiring State-owned insurers to meet specified rural area business targets under the Obligations of Insurers to Rural or Social Sectors Regulations, 2002, and enforces compliance. The rules mandate a prescribed share of total policies for State life insurers and a prescribed share of gross direct premium for State non-life insurers in rural areas; no mandated targets apply to semi-urban areas. For 2010-11 State-owned insurers reported performance exceeding those rural targets and the Ministry of Finance disclosed these figures in a parliamentary reply. News - Thu, 23 Aug 2012 17:26:13 +0530 https://www.taxtmi.com/news?id=3662