)
Private general insurers collected total premiums of Rs 22,132.70 crore
Both these plans aim to address wealth accumulation needs of a customer
The work of the Board will support Standard Life's businesses in region
Though the venture is an avenue for funds to entrepreneurs of IIT-B and other IITs, it won't be limited only to IITs
Currently, Irda follows the file-and-use route, under which all products have to be filed with the regulator before being launched in the market
Insurers say there is uncertainity over the rules
Health Insurance TPA of India is expected to begin doing business by April 1, 2014
Packages still in works for parent company and Core Projects
The product is designed to protect and cater to the savings needs of multiple customer segments with low risk appetite
Company says existing scarcity of skilled workforce creates a roadblock in the adoption of newer technologies
Making insurance mandatory would be beneficial not only from insurance perspective but from a customer perspective also
A pure term insurance is an insurance policy where a policyholder or a relative pays premium for a particular tenure
Insurance executives said that as long as an option is given to a customer, there is no issue
In the new product regime, LIC has brought about changes in surrender charges and product structure of traditional policies
New premium of state-owned insurer expected to see big jump in Dec
Launches online guaranteed insurance plan
Company says it would not conduct any business without getting requisite licence from Irda
Profits to remain flat due to lower surrender profits and investments on newer channels, says CEO Anup Rau
Q&A with chairman and managing director of New India Assurance
Officials say implementation will require additional time