India

INDIA - The Insurance Regulatory and Development Authority (IRDA) of India has said the Government could consider permitting investment in foreign markets at a later stage to increase the range of instruments and to spread risk.

INDIA - The Insurance Regulatory and Development Authority (IRDA) of India has asked the Indian government to exempt pension schemes from tax completely to encourage the pension funds sector to grow over seven-fold to $88.3bn in 25 years.

INDIA - The India government should set up a regulatory authority for pension funds with specific functions for its proper growth, chairman of Insurance Regulatory and Development Authority (IRDA) of India, N. Rangachary, said.

INDIA - The Insurance Regulatory and Development Authority (IRDA) of India is not in favour of fixing a cap on the number of players in the pension fund sector. And investment of pension funds in equity markets, as it exists today in India, is not advisable,...

INDIA - ING Vysya Life Insurance has entered the Indian life insurance sector.