Page 104 - Insurance News

Use-and-file regime may not come soon

Insurers say there is uncertainity over the rules

External TPAs to stay awhile for state general insurers

Health Insurance TPA of India is expected to begin doing business by April 1, 2014

Insurance is based on statistics, data analytics: Irda

Irda chief raises many insurance companies do have essential data 'but have little respect for it'

IRDA asks Reliance Life to tighten anti-money laundering norms

RLIC has over 80,000 advisers and over 8,000 outlets across India

RelianceLife proprietary channel hiring to grow by 20% in FY15

Insurance firm has already hired over 2,000 people under its proprietary channels in the past 1 year

SBI Life launches Flexi Smart Plus

The product is designed to protect and cater to the savings needs of multiple customer segments with low risk appetite

Insurers want mandatory term cover for salaried class

Making insurance mandatory would be beneficial not only from insurance perspective but from a customer perspective also

Bundled insurance products find takers

Insurance executives said that as long as an option is given to a customer, there is no issue

LIC kicks off customer campaign to buy insurance before Jan 1

In the new product regime, LIC has brought about changes in surrender charges and product structure of traditional policies

LIC to close its existing policies in confimation to new guidelines

34 plans are available for sale upto 31st December 2013

Max Life launches two new products

Aegon Religare Life Insurance bets big on online insurance

Launches online guaranteed insurance plan

Standard protocol needed for affordable insurance products:Irda

Says there is a need for introducing short term products at affordable prices in a continuous manner

Healthcare premium to grow 2.5x

Health insurance premium may cross Rs 32K cr by 2016-17: Assocham

Increase in healthcare costs, rising per-capita incomes, burden of new diseases, health-related risks and high financial burden on the poor are key factors

Liberty Videocon to seek capital infusion from promoters

Company has started with a capital of Rs 350 crore out of which around 65 crore will be expended in the first year of operations

Health Insurance TPA of India gets first MD-CEO

Company says it would not conduct any business without getting requisite licence from Irda

MCA, RBI to discuss insurance cover for public deposits

Proposal comes against the backdrop of rising incidents of investors getting duped by fraudulent money pooling schemes

Reliance Life to launch 25 products under new regime

Profits to remain flat due to lower surrender profits and investments on newer channels, says CEO Anup Rau

Irda proposes single insurance repository for fraud monitoring

Thus, origination and payment stages of policy life cycle would be brought under radar