Page 121 - Insurance News
 "Pantaloon to sell 22.5% in Future Generali for Rs 300 cr")
Double whammy for high-end car users
Rise in duties, third-party motor insurance rates set to increase premiums five to 10%
 "Double whammy for high-end car users")
Insurance Information Bureau to work with Korean counterpart
KIDI is a front runner among the rate making organisation in Asia, plays significant role
 "Insurance Information Bureau to work with Korean counterpart")
Health covers to exclude various consumable spends
The insurance regulator has stated 199 basic items for which patients would now have to pay from their pockets
 "Health covers to exclude various consumable spends")
IndiaFirst Life launches personalised policy packs
Will be tangible, real, personal for the consumer
No denial of new health insurance till 65 years
Irda gazettes new norms on various segments, including IPO guidelines for general insurers
 "No denial of new health insurance till 65 years")
Non-linked variable products, Ulips to be treated on a par
Irda has said if the polices are procured through direct marketing, no commission would be allowed
 "Non-linked variable products, Ulips to be treated on a par")
General insurers can bring out an IPO, post 10 years of operation
Irda says that approval for public issue would be valid only for one year
 "General insurers can bring out an IPO, post 10 years of operation")
Bharti AXA General needs Rs 200 cr capital in next two years
The joint venture between India?s Bharti Enterprises and France?s AXA currently has a capital base of Rs 850 cr
HDFC Life launches two new pension products
According to Irda?s recent guidelines, customers need to purchase immediate annuity from the proceeds of the pension plan from the same company
Coming soon: Get refund on travel expenses while repairing your car
The product is likely to be named 'Garage Cash'
Life insurers can't participate in repo transactions: Irda
Detailed checks on exposure in other securities? deals, transactions accounting methodology to follow central bank rules
Munich Re offers serial loss cover for REpower's offshore wind turbines
The five-year cover includes retrofits carried out on units in which defective parts have been installed, even if no loss or damage has been sustained