Page 119 - Insurance News

IndiaFirst Life to break even in FY16, says CEO

Life insurer sees 34% premium growth in FY13; others may see positive growth too

AEGAON Religare launches money back plan

The plan is a product aimed at combining certainty along with returns at regular intervals

SBI to discontinue free accident cover for loan customers

The bank, however, did not mention the reasons for scrapping the complimentary cover

Micro-insurance sees 35% fall in costs

According to insurers, renewal in micro-insurance is a difficult process

UIDAI 'Registrar' insurers to disclose details in P&L account: Irda

Irda has issued a circular in this regard to all CEOs of insurance companies

Insurers use cost-effective ways to boost renewal premiums

Micro-insurance which constitutes about 20-30% of the product portfolio of insurers have seen a reduction in costs by almost 35% and seen rise in renewals,

Insurance fund for Iranian crude oil refiners

Fund to be managed by India's General Insurance Co

10 life insurance funds beat Nifty with higher returns

The market barometer index Nifty gave 7.31% return during the fiscal ended March 31, 2012, as against the funds' gain of 12.4%

Tata AIG General Insurance offers customised services to HNIs, SMEs

High networth individuals can now look forward to customised services from insurance companies as well

Irda clarifies on role of micro-insurance agents

Insurance regulator has barred micro-insurance agent to employ specified person working for another micro-insurance agent

Insurers' exposure cap for reverse repo deals removed

They will be now treated at par with CBLO transactions; 10% investment limit not applicable to the category

Irda yearly cap on new products to five restrictive: Life insurers

Insurance regulator had directed life insurers to file 'product planner' every financial year

Reliance Life Insurance launches fixed benefit healthcare plan

Plan offers coverage for age group of 18-65 years, with guaranteed renewability till 75 years age

RBI redefines core investment firms' rules on entry into insurance

To set up a JV company for undertaking an insurance business with risk participation, CIC should have minimum owned funds of Rs 500 cr

Non-life insurers look at more premium increase

Exposure draft proposed 35-60% hike; Irda raised it only 19%

Film insurance is catching up with producers

Experts peg film insurance share in industry at 8-10% in next 3-5 years, up from 2% at present

Life insurers eye expansion in health segment

Plan to expand their product suite, taking advantage of low penetration in health

Irda raises third-party motor cover premium

The premium rates applicable to motor third party liability insurance business will be effective from April 1

Future Generali to merge with L&T General Insurance

L&T to acquire 51% stake in merged entity

Limited premium plans gain market share

In limited premium plans, one pays premium for shorter span of time, with the benefit of insurance cover for a longer period