The Indian Premier League (IPL) is turning out to be the biggest sporting extravaganza for the national cricket board &mdash; even bigger than the ICC Cricket World Cup &mdash; at least in terms of the insurance cover.

BCCI makes a pitch for Rs 900-cr IPL insurance cover 

Business Standard

During April 2012 to January this year, the fall in Life Insurance Corporation of India (LIC)'s new business premiums, compared to the year-ago period, was more than the fall in such premiums for the life insurance sector

New LIC premiums fall more than sector's during April-January

BS Reporter

The Securities and Exchange Board of India (Sebi) and the Insurance Regulatory and Development Authority (Irda) are, once again, at odds.

Sebi and Irda clash again

Although it is a closed ended plan available only for next 45 days for people between ages 8 and 45 years

LIC new single premium plan in market

Country's 27th general insurer is planning to start a portfolio with equal mix of retail and commercial products

Liberty Videocon sets premium target of Rs 120 crore for 2013

The Insurance Regulatory and Development Authority (Irda) has decided to do away with the 4.5 per cent guaranteed annual return clause from pension products. In a draft exposure on the pension plans, the insurance regulator, while allowing more flexibility to insurers, said these products should carry an &ldquo;assured benefit&rdquo; disclosed at the time of issuance.

Irda scraps 4.5% assured return on pension plans

Check for renewal ceasing age, co-pay norm and sub-limits before opting.

Choose your health cover with care

With Irda revoking assurance, pension plans may not offer as much as other long-term products.

Undefined returns = no guarantee

I plan to invest in a unit-linked insurance plan (Ulip).

Life Insurance: Deepak Sood

To standardise asset liability management practices followed by insurance companies, the Insurance Regulatory and Development Authority (Irda) has asked insurers to develop an asset liability management (ALM) policy.

Form asset-liability management policy, Irda tells insurers

Young and driving a red car? Get ready to fork out more on your car insurance! Aided by sophisticated research data, car insurers are designing products based on the colour of the car and the age, profile and gender of the driver.

Pay high premium for your red hot car

Lower premium collection during the first quarter of the current financial year has led the country's largest institutional investor, Life Insurance Corporation (LIC) of India, to revise its equity investment target for 2011-12.
The life insurer now expects to invest Rs 35,000-40,000 crore in equity markets, against the earlier target of Rs 60,000 crore for 2011-12.
&ldquo;Equity investments depend on various parameters like premium collection, sales of unit-linked plans, term plans and

LIC scales down equity investment target

With rising costs and higher risks involved, Ganpati mandals in Mumbai are going the extra mile to protect their idols, jewellery and devotees. Insurance sums for these mandals have almost tripled, compared to last year.

Insurance for Ganpati mandals rises

Nine advisory committees to suggest sector-wise solutions.

Govt gets cracking on key reforms hanging fire

Healthcare is costlier than a stay in a five-star hotel. Clearly, it is beyond the means of the common man. One-time hospitalisation can wipe out a lifetime's savings. So, mediclaim policy, as a welfare measure to bring the cost of decent healthcare within the reach of the average citizen, was introduced. Yet, insurance companies, which willingly accept premium year after year, are reluctant to settle legitimate claims. They look for excuses to reject these.

Insurer cannot arbitrarily refuse policy renewal

Air India would have to pay 15 per cent more for its annual insurance policy, set to come up for renewal on October 1. At Rs 160 crore, it would be the highest premium outgo for the largest airline operator in the country. Last year, the premium outgo was Rs 136 crore.

AI insurance premium set to rise 15%

Insurance companies have been capitalising on the misperception that a comprehensive motor insurance policy (CIP) does not cover persons travelling in a car or sitting astride the pillion of two-wheelers. Most consumers believe the policy only covers loss or damage to the vehicle and third party accident claims.

Comprehensive insurance covers car occupants and pillion riders

If not satisfied with the way a grievance has been addressed, try the ombudsman forums before taking to legal redressal.

Hike in premiums need to be reasonable

The premium collection of the life insurance industry in India dipped 21.8 per cent to Rs 26,794 crore during the April to July period as against Rs 34,249 crore reported in the corresponding period last year.

Life insurance premium collection down by 22%

I am planning to buy a term insurance from a private company.

Life Insurance: V Philip

IndiaFirst Life Insurance, jointly promoted by Bank of Baroda, Andhra Bank and Legal &amp; General, is planning to introduce health and pension products before March. The JV is also proposing to enter the microinsurance business in the first quarter of next fiscal.

IndiaFirst to introduce health, pension products next fiscal

Insurance News: Visit Business Standard to know about the latest Insurance Industry News, online insurance information, expert views and updates.

Insurance News: Latest Insurance News, Insurance Industry Policy Headlines and Updates | Business Standard

Visit Business Standard to know about the latest Insurance Industry News, online insurance information, expert views and updates.

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