IR

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IR

The two-character ISO 3166 country code for IRAN, ISLAMIC REPUBLIC OF.

IR

1. ISO 3166-1 alpha-2 code for the Islamic Republic of Iran. This is the code used in international transactions to and from Iranian bank accounts.

2. ISO 3166-2 geocode for Iran. This is used as an international standard for shipping to Iran. Each province has its own code with the prefix "IR." For example, the code for the Province of Fars is ISO 3166-2:IR-14.
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Among the 46 terms standardised by Irda are quite a few that have been creating problems.
As per the IRDA guidelines, in case of a switch the old health insurance company will have to share the details of the policy within seven days.
Specifiying on the cost structure, IRDA said that the maximum expense, including commission, should not be more than 27.5% of the premium, while for the second and the third year, this will be capped at 7.5%.
IRDA rules specify that no group insurance contract will be allowed for these products at this stage.
This is because Irda has now clearly defined medical expenses as "expenses that an insured has incurred for medical treatment on account of illness or accident on the advice of a medical practitioner, as long as these are no more than would have been payable if the insured had not been insured and no more than what other hospitals/doctors in the same locality would have charged."
According to market analysts, the lobbying by these companies is one of the reasons for the delay in IRDA not being able to roll out the guidelines for public offerings.
In order to reduce ambiguity, bring order in the industry and enable easy comparison of policies, Irda has issued an exposure draft on health insurance.
IRDA's move follows complaints on the sale practices of the insurers regarding ULPs.
Pre Qualification: Sealed tenders are invited for engagement of irda approved nationalised insurance companies/broker(s) offering rates of nationalised insurance companies for comprehensive transit insurance of stocks (seeds and packing materials etc.) Eligibility Criteria : Sealed tenders are invited for Engagement of IRDA Approved Nationalised Insurance Companies/Broker(s) offering rates of Nationalised Insurance Companies for Comprehensive Transit Insurance of Stocks (Seeds and Packing materials etc.) Document cost : INR 1 EMD value : INR 1 Document Purchase Start date : 30 Oct 2018 Document Purchase End date : 12 Nov 2018 Opening date : 12 Nov 2018
In an industry forum, Irda chairman J Hari Narayan said the table has been finalised and indicated that premiums may come down as life expectancy has gone up for most of the categories.
ON THE first day of the norms unveiled by the Insurance Regulatory and Development Authority ( IRDA) coming into effect, IDBI Mutual Fund announced the launch of its second index fund -- the IDBI Nifty Junior Index Fund, and SBI Life launched two unit- linked insurance plans ( Ulips).
Pre qualification: irda registered insurance companies Eligibility Criteria : IRDA REGISTERED INSURANCE COMPANIES Document Purchase Start date : 20 Sep 2018 Document Purchase End date : 28 Sep 2018 Opening date : 28 Sep 2018