Twenty one private insurance companies have not floated shares for public subscription despite clear instructions by the concerned authorities to go public within three years of their inception, official sources said. These companies are-American Life Insurance Company (MetLife), Alpha Islami Life Insurance Ltd, Baira Life Insurance Co. Ltd, Best Life Insurance
Tag: IDRA
IDRA warns 21 Insurance Cos for not giving info
The Insurance Development & Regulatory Authority (IDRA) has issued warning to 21 Life & Non Life Insurance Companies for not providing information despite several calls from the organization. IDRA sent a warning message to the 21 Insurance Companies on Thursday. Source said, IDRA has called for a coordination meeting with theManaging Director
IDRA initiates probe against Janata Insurance AMD
Insurance sector regulator, IDRA, has initiated a probe against a top official of the Janata Insurance Company Limited for allegedly giving false information to get approval of his appointment as its Managing Director, official sources said. The issue of using false information to get approval was brought to the notice of