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Meeting of Obligations in Rural Areas and Social Sectors by Insurance Companies.
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....eeting of Obligations in Rural Areas and Social Sectors by Insurance Companies. <br>News and Press Release<br>Dated:- 23-8-2011<br><BR>Press Information Bureau Government of India Ministry of Financ....
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....e 23-August-2011 17:50 IST Meeting of Obligations in Rural Areas and Social Sectors by Insurance Companies Insurance Regulatory and Development Authority (IRDA) has issued Insurance Regulatory and ....
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....Development Authority (Obligations of Insurers to Rural or Social Sectors) Regulations, 2002 requiring insurance companies including State-owned insurers to meet the obligations in the rural areas and....
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.... social sectors. These regulations lay down targets for insurance companies as regards the percentage of business to be procured from rural areas/social sectors. In case of default in meeting these ob....
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....ligations by the insurers, IRDA takes action against such insurance companies including state-owned insurers and can even impose fine for non compliance of the aforesaid Regulations. This information....
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.... was given by the Minister of State for Finance Shri Namo Narain Meena in a written reply to a Question in Rajya Sabha today. DSM/SS/PM<BR> News - Press release - PIB....