Insurers Surpass Targets for Rural Areas in 2010-11
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....nsurers Surpass Targets for Rural Areas in 2010-11 <br>News and Press Release<br>Dated:- 23-8-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 23-August-2012 17:02 IST ....
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....The Insurance Regulatory and Development Authority (IRDA) has reported that it has mandated regulations for both life and non-life insurers and fixed targets for insurers business in "Rural Areas". Th....
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....ere is no such mandated regulation for Semi-Urban Areas. The authority takes regulatory action for non-compliance of the Insurance Regulatory and Development Authority (Obligations of Insurers to Rura....
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....l or Social Sectors) Regulations, 2002 and amended from time to time, by the State-owned insurers in the rural sector. As per the regulations, the target for exclusive business in rural area fixed for....
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.... State-owned life and non-life insurers is 25% of the total number of policies and 7% of gross premium income written direct in that year, respectively. The performance of the State-owned life insure....
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....r in the rural area was 32.74% against target of 25% of the total number of policies whereas for non-life insurers, it was 10.15 % against target of 7% of gross direct premium income for the financial....
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.... year 2010-11. This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today. * * * DSM/RS/bs<BR> News - Press release - PIB....


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