Page 44 - M Saraswathy

Insurers not hopeful of banks entering broking business

RBI's draft guidelines prescribe that banks with a strong capital base and NPAs below 3% can become brokers

RBI norms may dissuade smaller banks from becoming insurance brokers

Life insurers say RBI's stringent capital requirements will make it tougher for smaller banks to enter broking space

Now, inter-company insurance settlements will be easier, quicker

Policyholders throng Insurance Ombudsmen offices

Number of registered complaints at these offices touches 24,782

Life insurers on war footing to reduce complaints

With number of complaints on the rise, focus is to retain customer trust

Pension players need to cope with changing regulations, says LIC MD

According to ASSOCHAM, about 300 million working population in India do not have a pension scheme

Policyholders throng insurance ombudsmen offices

Number of registered complaints at these offices touches 24,782

General insurance penetration rises to 0.73

Insurance density has increased from Rs 571 in 2012-13 from Rs 158 in 2003-04

Planning an awareness campaign to ensure products are well understood: V Manickam

Interview with Secretary-general, Life Insurance Council

CFA Institute to open India centre next year

CFA Institute works with partner institutes in each country to extend its professional qualifications. In India, too, the institute is looking to partner with local institutions

Insurance firms saw Rs 17,590-cr motor claims last year

General insurers bracing up with high losses from motor segment, especially from third party mandatory motor insurance segment

Preparing agents, educating customers a challenge: Usha Sangwan

Interview with MD, LIC

Insurers incur Rs 17,590 crore worth motor claims in 2012-13

Total number of claims stood at a staggering 6.4 million

Irda mulls unique identity numbers for hospitals

This will help identify charges for different procedures in different hospitals, says T S Vijayan

Weather insurance may see 100% loss ratios

Crop damage due to cyclones to lead to increase in loss ratios of the company

Irda plans to have unique identity number for hospitals

This will help identify charges for different procedures in different hospitals, says TS Vijayan

Weather insurance segment may see 100% loss ratios due to cyclones

Phailin, Helen have caused extensive damage to crops and property

InOpen raises Series A funding from Japanese firm

Benesse Social Investment Facility was established recently to invest in companies focused on solving social issues in education

Centum Learning still open to acquisitions

To enter newer segments like agriculture for skill education

MDI completes summer placements

Average stipend sees 24% rise