Page 103 - Insurance News
Max Life lines up re-launch of 20 new products next year
Features of these products are aimed at reaching out to consumers who are looking at a safe, systematic and self completing financial planning solution
 "Max Life lines up re-launch of 20 new products next year")
Demat insurance policies will improve financial system's functioning, says RBI
Will facilitate information flow in the system
Insurance mis-selling our problem, too: RBI
Misselling broadly refers to unfair or fraudulent practices adopted at the time of soliciting and selling insurance policies
 "Insurance mis-selling our problem, too: RBI")
Irda plans pilot to roll out small policies through e-Seva
Project will be rolled out in next three months, expected to get stabilised in six months
 "Irda plans pilot to roll out small policies through e-Seva")
Health insurance grid might cut costs for getting covered
The health grid will also be beneficial for the customers
 "Health insurance grid might cut costs for getting covered")
Bajaj Allianz to launch new life insurance products
Company plans to launch Save Assure and Invest Assure with a guarantee element
 "Bajaj Allianz to launch new life insurance products")
Bajaj Allianz to launch three life insurance plans
These plans are compliant with the new regulatory guidelines but are aimed to be customer oriented
 "Bajaj Allianz to launch three life insurance plans")
'PSU banks becoming brokers may disappoint shareholders'
Industry divided ove P Chidambaram keeping his budget promise of enabling banks to become insurance brokers
 "'PSU banks becoming brokers may disappoint shareholders'")
FinMin order to PSU banks to become brokers may disappoint shareholders: insurers
FM upholds budget proposal, industry divided
FinMin asks all public sector lenders to act as insurance brokers
Currently, insurance penetration (the ratio of the percentage of total insurance premia to gross domestic product) is about five per cent
 "FinMin asks all public sector lenders to act as insurance brokers")
Auto sales slump may hit motor insurance sector
However, sources said this year, the incentives offered by automobile companies didn't seem to have paid off
 "Auto sales slump may hit motor insurance sector")
PNB Metlife launches 3 life insurance products
The 3 products launched are monthly income plan, endowment savings plan, money back plan
 "PNB Metlife launches 3 life insurance products")
Reliance Life eyes LIC model to expand reach
With over 2,000 branch offices and more than 10 lakh agents, LIC has insured over 250 million lives in its 52 years of operations
 "Reliance Life eyes LIC model to expand reach")
High-end cars to drive motor insurance in 2014: ICICI Lombard
Motor insurance space saw a 12% rise in liability premium and nominal growth in the two-wheeler segment
 "High-end cars to drive motor insurance in 2014: ICICI Lombard")
Non-life insurers see 13.1% growth in total premiums for April-Nov
Private general insurers collected total premiums of Rs 22,132.70 crore
Edelweiss Tokio launches two new products
Both these plans aim to address wealth accumulation needs of a customer
Passage of Insurance Bill remains an unfulfilled dream this year
Govt had introduced the Bill in the RS in Dec 2008 to improve and revise laws relating to the sector in the wake of private participation
Religare Health launches critical illness & accident product
Company says assure offers a sum insured of up to Rs 1 crore, the highest among currently available critical illness products
 "Religare Health launches critical illness & accident product")
Future Retail-IITL life insurance deal gets regulatory nod
Future Retail can now sell 22.5% stake in Future Generali India Life Insurance
 "Future Retail-IITL life insurance deal gets regulatory nod")
Insurers cautious on venturing into use-and-file regime
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 cautious on venturing into use-and-file regime")