Irda sets up committee to examine agency structures 
New Delhi: The Insurance Regulatory and Development Authority has set up a panel to study the entire gamut of issues related to agency structures, including their commission and training, according to chairman N Rangachary. 
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New regulations for corporate agents by mid-Oct 
New Delhi: The insurance watchdog is coming out with a slew of regulations and amendments by mid-October. It also hopes to issue the first clutch of broking licences by the middle of November. 
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Irda sounds alert over deluge of assured return schemes 
New Delhi: The Insurance Regulatory and Development Authority has sounded a note of caution on the negative effects of flooding the market with assured return schemes. 
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SBI Life to foray into pension products market 
New Delhi: SBI Life Insurance is gearing up for a debut in the pension products market, managing director R Krishnamurthy said here on Wednesday. It is also relaunching its Sukhjeevan policy to make it more attractive with riders, including critical illness benefits. 
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IDBI bank launches debit-cum-ATM card 
Mumbai: IDBI Bank Ltd on Wednesday announced the launch of its debit-cum-ATM card in association with Visa International. 
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South Indian Bank lowers home loan rates
Kochi: The Thrissur-based South Indian Bank has reduced the rate of interest on housing loans to 10.5 per cent for loans up to Rs 10 lakh. The rate of loans for amounts exceeding Rs 10 lakh will be 11 per cent per annum, a fax from the bank has said. 
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HDFC Chubb may get licence soon
Mumbai: The Insurance Regulatory and Development Authority (IRDA) is expected to grant licence to HDFC Chubb General Insurance Co shortly while Reliance Life Insurance is likely to give be given a clearance once the group firms up it infotech plans. 
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`Insurance companies loading higher motor premiums'
Kolkata: Some public sector general insurance companies have allegedly started loading higher premiums on motor vehicle insurance. They are said to be loading a premium of 200 per cent in the policies of old vehicles. 
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TVA Help.com to offer insurance for laptops
New Delhi: Oriental Insurance Co Ltd, has signed an agreement with TVA Help.com Pvt Ltd offering insurance cover for laptops, notebooks and palmtops of various brands. 
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Usha Beltron NCD downgraded
Mumbai: Fitch Ratings India has downgraded Usha Beltron Ltd's Rs 50-crore non-convertible debenture programme to `A-(Ind)' from `A(Ind)'. The rating outlook is stable. 
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IDBI Bank plans to expand retail reach
Mumbai: IDBI Bank has outlined plans to increase its retail reach, courtesy an expansion programme that partially centres around the recent acquisition of the merchant banking business of BNP Paribas. 
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2 more UTI Bank ATMs opened in Kochi
Kochi: The two new ATMs are located at Penta Tower, Kaloor and Rajagiri College of Social Sciences, Kalamassery. The two ATMs were opened on Wednesday. 
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IOB Tier-II bonds
Chennai: Indian Overseas Bank has received permission from the government to go in for a Tier-II issue of bonds, S.C. Gupta, Chairman and Managing Director, IOB said.  
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