• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • DoPT
  • MACP
  • OROP
  • CSD
  • CG News Android App

CENTRAL GOVERNMENT EMPLOYEES NEWS

All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more.

  • 7th CPC
  • Railways
  • Pension
    • Retirement Age
  • Expected DA
    • Dearness Allowance
    • Dearness Relief
  • Defence
    • CGDA
  • EPFO
    • Employees News
      • KV School
      • Promotion
      • Maternity Leave
      • Reservation
      • LTC
    • ESIC
  • CGHS
  • MACP
  • Postal Dept
You are here: Home / General news / New Norms for Life Insurance Products
Cabinet approved 3% DA from Jan 2022 PDF
28% to 31% Revised DA Order 2021 for Central government employees due from 01.07.2021
CENTRAL GOVERNMENT HOLIDAY LIST 2022
CGHS Updated Rate Card 2021 PDF Download
Latest List of KV Schools in India | Contact Details of KVS Region Wise List 2022-2023 PDF
Central Government Holiday Home List 2022
Expected DA 2022
7th Pay Commission Latest News 2022
Latest DoPT Orders 2022
MACP for the Central Government Employees

New Norms for Life Insurance Products

March 16, 2013 by admin Leave a Comment

Norms for LIC Products
The Insurance Regulatory and Development Authority (IRDA) has informed that two regulations have been framed, namely, (i) Insurance Regulatory and Development Authority (Linked Insurance Products) Regulations 2013 dated 18.02.2013 and (ii) Insurance Regulatory and Development Authority (Non- Linked Insurance Products) Regulations 2013 dated 18.02.2013 to make life insurance products user friendly.

The provisions of the regulations are helpful to the policyholders in the following manner :

• Product classification is defined to bring transparency.
• Minimum death benefit is prescribed to ensure that the beneficiary will get a reasonable amount on death of policyholder.
• The commission is linked to the premium payment term to encourage long-term products.
• Minimum Guaranteed Surrender Value in respect of individual products and the surrender penalty in respect of fund based group products are prescribed to protect the interests of policyholders and to ensure reasonable benefits to policyholders on surrender.
• The surrender penalty in respect of Fund based group products is restricted to give more return to policyholders.
• The norms regarding disclosure to policyholder have been strengthened to help the policyholder make an informed decision.
• Better yield to the customers of variable Insurance Products through specification of limits on reduction in yield.
• To encourage revival of discontinued Unit linked policies revival period is enhanced beyond the lock-in period.
IRDA has further informed that the existing products which are not compliant with the new regulations have to be modified before 30th June 2013 for Group products and before 30th September 2013 for Individual products.
This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today.
PIB

Related to Your Search:

  • All Insurance Companies are selling their policies online – IRDA
  • Major Changes in NPS including Withdrwal Norms
  • Key Points – Loksabha Passes Pension Bill
  • PFRDA Orders : Empanelment of Annuity Service Providers (ASPs) under National Pension System for providing annuity services
  • PFRDA – Exits and Withdrawals under the National Pension System
  • Age Limit for NPS
  • Approval of Group Term Insurance Plan issued by M/s Shriram Life Insurance Company Limited for issuance in lieu of the Employees’ Deposit Linked Insurance Scheme, 1976
  • PFRDA – Comments are invited on PFRDA Regulations 2014 from all concerned
  • LIC Policies – Life Insurance Corporation of India

Filed Under: General news Tagged With: Insurance Regulatory and Development Authority, IRDA, Life Insurance, Life Insurance Companies

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


CENTRAL GOVT HOLIDAY LIST 2022

Post Office Holidays 2022 | Kerala Holidays 2021 | Delhi Holidays 2021 | Mumbai Holidays 2021 | Telangana Holidays 2021 | Central Govt Office Holiday 2021 in Hyderabad | Chandigarh Holidays 2021 | Kolkata Holidays 2021 | Railway Holidays CG Office Holidays 2022 | TN Govt Holidays 2022 | TN Restricted Holidays 2021 | Bank holidays 2021 | TN Bank Holidays 2021 | BSNL Holidays 2021 | Chhattisgarh Holidays 2021 | Gujarat Holidays 2021 | Goa Holidays 2021| KVS Holiday List 2022 PDF | List of CSD Holidays 2021

Primary Sidebar

Important Dates for
KVS Admissions in 2022-2023
Admission DetailsDate
Registration Starts On28.2.2022
Registration Ends On11.4.2022
1st Selection List25.3.2022
2nd Selection List01.4.2022
3rd Selection List08.4.2022
Registration Class 208.4.2022
Selection List Class 221.4.2022
Last Date for Admission 30.6.2022
KVS Class 1 Admission Selection List 2022 and Result Release Date
Important Central Government Employees Orders

  • MACP Scheme for Original Order Dated May 2009
  • 7th Pay Commission Revised Pay Matrix Table for Central Government Employees – Pay Matrix Level 12
  • CSD Canteen Price List 2021
  • CSD Latest Price List of Samsung Electronics items
  • CSD Military Canteen Products List 2020
  • CSD - Eligibility to buy cars 2020
  • FAQ - Central Government Employees - CCS
  • FAQ - Indian Air Force Pensioners
  • FAQ - About NPS

Archives – CG News

Categories

  • 6CPC (174)
  • 7CPC (2,041)
  • 8th Pay Commission (5)
  • Additional DA (5)
  • AICPIN (150)
  • Allowance (362)
  • Bonus (212)
  • BSNL (93)
  • CCS (185)
  • Central Government Jobs (175)
  • Central Govt Holiday Homes (5)
  • CGDA (116)
  • CGHS (457)
  • CPSE (61)
  • CSD (71)
  • CSS (113)
  • DA Over 50% (124)
  • Dearness Allowance (680)
  • Dearness Relief (81)
  • Defence (588)
  • Directorate of Estates (58)
  • DOPT Orders (1,394)
  • ECHS (7)
  • Employees News (2,449)
  • EPFO (204)
  • ESIC (28)
  • Expected DA (414)
  • expected da january 2020 (9)
  • Fin Min Order (3)
  • General news (1,991)
  • GFR (1)
  • GST (48)
  • Holidays (181)
  • HRA (81)
  • Income Tax (229)
  • IT Exemption (90)
  • KV School (285)
  • Latest News (1,303)
  • LDC-UDC (73)
  • Leave Rules (17)
  • Loan (16)
  • Lok Sabha Elections 2019 (15)
  • LTC (219)
  • MACP (254)
  • Maternity Leave (8)
  • NPS (91)
  • OROP (160)
  • Pension (1,248)
  • Postal Department (465)
  • Promotion (208)
  • Railways (1,502)
  • Rank Pay (57)
  • Reservation (97)
  • Retirement Age (187)
  • TDS (2)
  • Uncategorized (1)
  • Wages (1)

Recent Comments

  • SANTOSH SINGH on Central Vigilance Commission has decided to create a database of all Central Government organisations
  • RIYAZ on IPPB – Micro ATM
  • surajit gain on Central Government Employees Group Insurance Scheme 1980 – Finmin issued tables of Benefits for the savings fund for the period from 01.01.2016 to 31.12.2016
  • Prakash jani on Indian Railways Holiday Homes on Shimla, Manali and Nainital Address
  • Naresh T on 7th Pay Commission Pay Matrix Table Level 6 to 9

7th CPC DA Arrears Ready Reckoner Tables for all Level

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-1 (GP 1800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-2 (GP 1900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-3 (GP 2000)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-4 (GP 2400)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-5 (GP 2800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-6 (GP 4200)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-7 (GP 4600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-8 (GP 4800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-9 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-10 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-11 (GP 6600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-12 (GP 7600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13 (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13A (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-14 (GP 10000)

Pay Matrix Table for Air Force PBORs

7th Pay Commission Option Form Ready Reckoner For All Grade pay

central government news
Follow us on : facebook-central-government-news twitter-central-government-news pinterest-central-government-news

Footer

Central Government Employees News | Central Government News | Central Govt Employees News | Central Government Jobs & Orders | Central Government Latest News | central government employees news latest update | expected pay central govt employees | latest news macp central govt employees | Central govt employees news 7th pay commission

central government employees news

Central Government News App for Android Users – Free!! Download Now

 

7th CPC | CGDA | CGHS | CPSE | CSD | CSS | Dearness Allowance | Dearness Relief | Defence | DOPT Orders |
EPFO | ESIC | Expected DA | GST | Holidays | HRA | Income Tax | KVS | Leave Rules | LTC | MACP |
Maternity Leave | NPS | OROP | Pension | Postal Department | Promotion | Railways | Rank Pay | Reservation | Retirement Age

Copyright © 2022 · Magazine Pro on Genesis Framework · WordPress · Log in