Page 111 - Insurance News

Rupee fall may jack up premium on car insurance: Industry

Dwindling rupee pushes up costs of imported spares of most of automakers in country

Irda asks insurers to develop exclusive products for CSCs

The RAP will assist the customers in selecting policies as per their needs

Bajaj Allianz Life appoints Anuj Agarwal as MD, CEO

Agarwal takes over from V Philip, who is moving to Allianz Managed Operations & Services SE, an Allianz Group Company

Irda wants insurers to have distinct trade logo

Companies asked to have detailed agreements for use of trade logo

Irda warns HDFC Life for violation of file & use norms

Insurance regulator asks insurer to provide similar death benefit to customers for two of its products

Irda gives license to 5 insurance repositories

Policyholders have an option to choose to either digitise their policy or to have it in existing format

Longer-tenure bonds draw insurers

Corporate bond market traders said the yield on corporate bonds had also increased after the central bank's liquidity-tightening moves

Anti-bifurcation takes toll on LIC business in Vizag

New premiums for the April-August period this financial year were at Rs 67.75 crore as against Rs 83 crore for the same period last year.

Customer complaints rise against insurers by over 10%

Total number of complaints against life insurers stood at about 3.1 lakh in 2011-12 and it rose by over 31,000 during 2012-13: IRDA

Life insurers adopt tech to increase reach

Experts say while number of policies bought online as percentage of total sales is only in a single digit, most consumers research online

LIC's equity cap wait may get longer

With raps from IMF and other global obervers on not being strict enough with the state behemoth, Irda said to be in no hurry

Regulatory oversight on LIC is quite comprehensive: Irda

Bariatric surgery insurance cover still long time away

Bariatric surgery involves a surgical procedure wherein the size of the stomach is curtailed leading to reduced consumption of calories

Irda warns insurers against violating Trai norms on telemarketing

The registered telemarketers are also supposed to use telephone numbers from the '140' series

Irda slaps Rs 2 lakh fine on Future Generali Life Insurance

The private life insurer was fined Rs 1 lakh each for payment of commissions to two of its corporate agents

ICICI PruLife, Edelweiss execute first SLBS trade in insurance

Under SLB, securities can be borrowed for period of 7 days through screen-based order matching mechanism

Mandatory 30% ceding of life insurers' business to GIC by 2014

The regulator will be bringing out final notifications bringing out the percentage of sum assured to be reinsured with GIC Re

Amid industry gloom, some life insurers see rise in profits

Life insurers boost profitability through better expense managament

While some companies are still running into losses compared to the previous years

CSCs to reduce insurance distribution costs

Newer ways of electronic distribution, like CSCs, insurance repositories, are likely to reduce cost further