Page 109 - Insurance News
Mandatory training of 50 hours for agents puts pressure on insurers
While there is an expenditure on these individuals, high attrition has made the process futile
 "Mandatory training of 50 hours for agents puts pressure on insurers")
Chola MS targets Rs2,000 crore business
Chola MS achieved a GWP of Rs 906 crore between the April and September 2013
 "Chola MS targets Rs2,000 crore business")
Premium collection of life insurers likely to increase
Rush for products before January 1 deadline is factor for growth
 "Premium collection of life insurers likely to increase")
Insurers turn to govt bonds as a safe bet
Insurers looking at govt bonds as these are liquid investment options
 "Insurers turn to govt bonds as a safe bet")
LIC hires 60,000 agents in mass recruitment drive
To hire 2 lakh agents as part of mass recruitment drive in this fiscal
Reducing cover a good option for senior citizens
It is a good option for those who have met their financial goals but the premiums are too high
 "Reducing cover a good option for senior citizens")
Implementation of new norms for life insurance plans extended
New guidelines are aimed at making insurance policies more customer-friendly
 "Implementation of new norms for life insurance plans extended")
Life insurers get 3 months to phase out old products
Sale of highest net asset value products, index-linked products were banned from today on the grounds these are not in the interest of customers
 "Life insurers get 3 months to phase out old products")
Liberty Videocon installs tracking devices in 1,000 cars
The device will assess driving habits of the driver, which will help insurer better price the car-insurance product
 "Liberty Videocon installs tracking devices in 1,000 cars")
LIC asks extension of deadline for meeting new guideline norms
All existing group products have to be aligned with new rules before June 30
 "LIC asks extension of deadline for meeting new guideline norms")
Shriram Capital may quit race for insurance JV stake
Shriram Capital would have had an insurance venture with large distribution network of Canara Bank and Oriental Bank of Commerce
 "Shriram Capital may quit race for insurance JV stake")
Insurers turn to govt bonds as safer investment bet
Firms shy away from corporate paper after RBI's repo rate hike, opt for govt bonds for the liquidity they offer
 "Insurers turn to govt bonds as safer investment bet")
Insurers turn to G-Secs, feel they are safer investment bet
Companies feel govt bonds are safer as they are a liquid investment option
Life insurance agents to get persistency-linked incentives
Move to ensure that agents are responsible with the policies they recommend to clients
 "Life insurance agents to get persistency-linked incentives")
 "'Baggage protection key trigger for buying travel insurance'")
Irda rules on India Infradebt issue
Insurance regulator says investment in India Infradebt NCD to be treated as investment in infra sector by insurers
Reliance Life launches e-insurance policies
Policyholder can choose to open an e-Insurance account with any one of the five approved insurance repositories by providing their KYC documents
 "Reliance Life launches e-insurance policies")
Reliance Life offers policies in electronic demat form
Electronic insurance account will eliminate repetitive KYC requirements, says company CEO Anup Rau
 "Reliance Life offers policies in electronic demat form")
Swiss Re for more involvement in India
To hire 30-40 more staff in India in next few years