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Disclosure Norms in Websites of Insurance Companies

Disclosure Norms in Websites of Insurance Companies :

IRDA requires insurance companies to publish the following in their websites periodically:

(a) Financial statements, viz., Revenue Account, Profit & Loss Account, Balance Sheet, Premium, Commission, Operating Expenses, Benefits paid

(b) Share Capital and shareholding pattern

(c) Investments

(d) Fixed Assets

(e) Analytical ratios

(f) Valuation of net liabilities and main parameters of valuation

(g) Geographical distribution of business

(h) Related party transactions

(i) Board of Directors and Key persons

(j) Solvency margins

(k) Claims data

(l) Grievances data

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