Page 7 - M Saraswathy

Insurance via e-commerce to make insurance cheaper for customers

This will be done through a self-network platform

NSDC names Manish Kumar CEO, Jayant Krishna as COO

Selection committee chose leadership based on merit and to bringing together combined strength of two professionals

HDFC Ergo buys L&T Insurance for Rs 551 crore

First such consolidation in India's general insurance sector

We want to educate customers to hedge across insurance: Vighnesh Shahane

Q&A with CEO, IDBI Federal Life Insurance

LIC tops loyalty charts, but lead narrows

Private insurers snap at the heels of the public sector behemoth, closing the gap with the lead insurer according to a survey by IMRB

Life insurers' products cross 600 in FY16

This rose from 516 products as on March 31, 2015, according to data from Life Insurance Council

Health planning lowest among young Indians, says HDFC Life's Life Freedom Index

The survey also reveals that health planning is looked at only after fulfilling some financial goals

India drops from top three in Million Dollar Round Table

Membership to MDRT is based on agent productivity and includes criteria for commissions and premium

Heavy discounts in insurance to come under scanner

Regulator has now come up with new set of norms for maintaining solvency ratio by insurance companies based on each line of business

Men focus on cash, women on total reward: EY study

Private insurers see healthy growth in profits in 2015-16

Private life insurers saw growth of 26% in their group business and only 13% in their individual business

Public sector banks open up to multiple insurers

IRDAI has opened up corporate agency channel wherein banks can tie-up with up to three life, three non-life and three standalone health insurers

Insurers now offer value-added services

Tax filing, electrical service, alternate medical opinion and customer feedback getting incorporated into policy package offers

Gems and jewellery continues to be top sector for claims in ECGC

The gems and jewellery sector claimed worth Rs 871 crore in the financial year 2015-16

Irdai issues new insurer solvency margin rules

For segments like health, motor and liability, insurer would be required to maintain a higher solvency ratio

Management expense caps announced for general insurers

Motor, health allowed higher expenses than other categories; heavy penalties if limits are exceeded

Insurers now offer value-added services, assistance

Reliance General Insurance is now offering specialised services to the home insurance customers

We want to grow across segments beyond motor insurance: Rakesh Jain

Interview with CEO, Reliance General Insurance

Motor insurance combined ratios might rise in FY17

In FY17, MTP premiums went up by increase of 10-40% from April 1 in private cars and two-wheeler segment

Over-the-counter product norms for insurance soon

Once the norms are approved, insurance companies will be able to sell simple products without lengthy forms or documentation