Insurance Development and Regulatory Authority (IDRA)
Four IDRA members resign
All of them were appointed to three-year terms at different times
16 non-life insurers fined Tk 83 lakh for irregularities
All but Bangladesh Co-operative Insurance have already paid the fines
Govt banks, NBFIs highlight 25 innovative initiatives
Government-owned banks and non-bank financial institutions yesterday highlighted 25 innovative initiatives that offer various financial services to customers.
Administrator appointed for Swadesh Islami Life Insurance
Sk Md Rezaul Islam, former additional secretary, will be the new administrator with immediate effect
No commission or service fee for claim settlement
Insurance companies in Bangladesh will no longer be able to charge policyholders for commissions or service fees while settling claims, according to the “Insurance Claims Management Guideline 2024”.
Administrator appointed for Sonali Life Insurance
Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson
Padma Islami served show cause notice over Tk 211cr unsettled claims
The Insurance Development and Regulatory Authority (IDRA) has given Padma Islami Life Insurance five working days to explain why they should not be penalised for failing to settle claims amounting to Tk 211.82 crore last year.
Insurance claim settlement up 4% in 2023: IDRA
National Insurance Day on March 1
Regulatory nod a must for foreign travel of insurance officials
The insurers also have to explain how it will be benefitted by a company-sponsored foreign travel of an official
No more online training for insurance agents: IDRA
Insurers also have to take prior regulatory approval for agent training
eGeneration to set up data centre for IDRA at Tk 15 crore
The data centre will be established within six to nine months
Insurers asked to take prior permission for branch’s relocation, closure
The insurance regulator issued a circular in this regard today