Page 107 - Insurance News

SBI General Insurance premium income up 83% to Rs 541 cr in H1

Company was able to grow motor insurance business by 136% during April-Sept of this fiscal

Sunita Sharma appointed CEO of LIC Housing Finance

She succeeds V K Sharma who was elevated to the post of managing director of LIC last week

LIC gets its first woman MD

Usha Sangwan appointed MD, along with V K Sharma

LIC ties up with NGOs for covering lower strata

Aam Admi Bima Yojana provides insurance to earning members of rural landless families; LIC has covered 4.8 million beneficiaries so far

EU pushes India to pass insurance bill

Allowing more FDI in insurance sector has been one of foremost demands of EU under free trade talks

LIC Nomura MF keen on acquisitions to fuel growth

Company is awaiting approval for launching a mid-cap fund and will soon launch a capital protection fund, says LIC Nomura Mutual Fund Chief Executive Nilesh Sathe

Rel Life to focus on traditional plans, agent productivity

Part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, thecompany's 80% of its business now coming from traditional products

Govt keen to push insurance Bill in Winter session

Centre also looking at possibility of allowing 23% FII investment, over and above existing FDI ceiling of 26% in sector

Insurance cover coming for online fraud

NPCI calls bids to cover all card based transactions carried on NFS where point of compromise or dispute is on NFS ATM network

Birla Sun Life Insurance launches life insurance plan

Vision LifeSecure Plan offers maturity and death benefits, including regular accrued bonuses and terminal bonus

Irda looks to reduce time taken for settlement of crop insurance

Feedback received by Irda is that a loss in kharif season is often not compensated by rabi or even by next kharif season

High discounts unlikely to hit general insurers' books

Motor Claims Tribunal not a court, should be proactive: Madras HC

The tribunal is expected to peruse the evidence and come to an independent conclusion, says judge

Bombay HC notice to 25 insurance cos on PIL asking pre-packaged rates

Court says consumers should know in advance how much package they would for an illness

E-KYC to be accepted for verification: Irda

Earlier, Irda had earlier informed insurers that letter issued by UIDAI containing details of name, address and Aadhaar number was considered officially valid document

PSU general insurers cut premiums to attract corporates

Go agressive on group health segment

Now, general insurers make a beeline for small business owners

Small & medium enterprises prefer simpler products with small cover size

Indian Nuclear Energy Pool may be delayed

GIC Re is the proposed manager of the pool, which will have an initial corpus of Rs 1,050 crore

Digitising policies won't cost insurers much: CAMSRep

CAMS Insurance Repository is a licensed provider of digitised policies

HIV/AIDS cover pricing to be a challenge: Insurers

Say, they do not have adequate data to provide insurance