Page 5 - M Saraswathy

LIC signs up Axis Bank as bancassurance partner

In preliminary phase, bank will distribute LIC's life insurance products across its branches

E-commerce can create 12 mn new jobs by 2025: HSBC

Sector can fill half the shortfall of 24 mn jobs over next decade

Life insurers infra investments up, equity assets down in FY16

Industry officials said this was on account of insurers primarily using bank branch networks to sell policies, apart from using other platforms like web aggregators and insurance marketing firms

IRCTC to offer personal accident cover for train travel

Starting September, those booking tickets through the IRCTC website can avail of a travel accident cover for premium as low as Rs 2 for cover of Rs 10 lakh

IRDAI lays norms on cessions to GIC Re based on product segment

With respect to fire, industrial all risks large risks, limit of cession in sum insured is Rs 750 cr sum insured per risk

Vedanta sweetens Cairn merger deal

Cairn India minority shareholders to receive one equity share and four redeemable preference shares in Vedanta

Mandatory Ulip fund investment proposal may be dropped

Proposal to make it mandatory for life insurers to invest at least 25% of Ulip funds in G-Secs may be dropped

Insurance intermediaries join the brand game

With smartly targeted marketing campaigns Coverfox, Policybazaar look to win customers over

Stressed asset funds may help reduce differences over valuations

Such funds are likely to take a middle path and arrive at a realistic valuation that is acceptable to ARCs and banks

Demand for higher fee by banks to hit profits: ICICI PruLife

Opening up of bancassurance network has been viewed as a mixed bag by sector

Jan Suraksha schemes cross 129 million enrolments

Majority of the policies (95.7 million) that were sold under the Yojana were personal accident policies

ICICI Pru Life IPO signals jump in valuations

While its valuation stood at Rs 32,500 cr in November 2015, it is now commanding Rs 45,000-50,000 cr with the public offer

Insurers use analytics to detect fraud, cross-sell products

Data from life insurers show there is at least a 20 per cent rise year-on-year in fraudulent claims, including claims in the name of people who do not exist

ICICI Pru Life to file for Rs 4,700-cr IPO next week

IPO, first by life insurer in India, to be biggest in six years; company to approach Irdai before Sebi

Suuti stake: LIC faces investment cap hurdle

The insurer has hit the 15% equity ceiling in L&T, ITC & Axis Bank

Motor insurance to have more touch-points

IRDAI may relax of norms to enable distribution of simple policies such as Third Party through agencies such as Pollution Check Centres

Tech makes society less humane, says survey

The study is conducted online among employees aged 18-65, working a minimum of 24 hours a week in a paid job (not self-employed)

IndusInd Bank Q1 net up 26% at Rs 661.38 cr

Higher net interest income at Rs 1,356.42 cr contributes to the rise

Insurance proposed for drivers' treatment cost

At present, third-party motor insurance is mandatory

Reinsurance pie in life policies to get bigger

Currently, the reinsurance market is Rs 18,000 crore in India, of which life insurance only contributes Rs 1,200 crore-1,300 crore