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

Life Insurance: V Philip

Business Standard

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

Move to restrict industry growth, say insurers.

Irda tightens norms for third-party agents

A motor insurance policy covers the liability of a policyholder, which he/she may become legally liable to pay on account of bodily injuries by a third party in an accident involving the insured vehicle. This provision is under the Motor Vehicles Act, 1988. The insured should notify the accident to both the local police and the insurance company. Copies of the relevant documents, such as the first information report, driving licence and the claim registration form must be submitted to the insurer within a reasonable time.

General Insurance: Gaurav Garg

It is important to be prepared with a corpus to meet expenses that arise suddenly.

You will need more than insurance

&lsquo;Investment skewed towards debt this year&rsquo;.

No anomaly detected in bribe case yet: LIC

With the Budget just round the corner, insurance companies have suggested a separate limit for deductions under Section 80C of the Income Tax Act, for long-term saving instruments like life insurance and exempt exempt exempt (EEE) treatment on the maturity proceeds of products.

Insurers want separate tax deduction limit

Insurance Regulatory and Development Authority (Irda) today released a framework for amalgamation of non-life insurance companies to ensure smooth functioning of the sector.

Irda releases norms for amalgamation of non-life insurance firms

Policyholders can now switch insurer and carry the benefits of the previous health insurance policy. The Insurance Regulatory and Development Authority (Irda) today allowed portability of health insurance products. It will be applicable for all existing and new contracts from July.

Irda allows portability of health insurance

Private life insurer ING Life India on Tuesday launched a new product ING ACE in the Uttar Pradesh market. The new plan has two variants &mdash; Pension and Life with features as guaranteed additions, limited premium pay and tax benefit under Section 80 C of the Income Tax Act. ING ACE Pension offers guaranteed addition of 8.75 per cent annually throughout the 10-year term of policy. ING ACE Life offers 7.75 per cent annual guarantee additions depending on the premium paid.

ING Life's new insurance product in UP

IDBI Federal Life Insurance sees growth opportunity in the pension segment, which had shrunk to 2-3 percent of the total insurance business on the impact of recent regulatory guidelines from 30 percent earlier.

IDBI Federal eyes growth in pension space

ING Life Insurance Company , the insurance arm of the ING Group, is eyeing 50 per cent increase in business from the northern region. The region for ING life comprises Jammu and Kashmir, Punjab, Haryana, Himachal Pradesh , Delhi and Rajasthan.

ING Life eyes 50% growth in biz from north

Health cover portability to be allowed from July 1, but it may not be simple.

New insurer, same cover

Move necessitated by Irda&rsquo;s draft guidelines for non-life M&amp;As.

Royal Sundaram, Reliance arm to re-apply for merger

Life insurance companies will not be allowed to dilute more than 10 per cent stake through initial public offers (IPOs).

Irda wants life insurers to face 10% stake sale cap

New data show gap between life expectancy of men and women has narrowed.

Live longer, pay more: Life cover for women to become costlier

First-year premium collections by life insurance companies increased 25.8 per cent to Rs 94,820 crore in the April-January period of the current financial year. The increase was mainly led by a surge in Life Insurance Corporation of India&rsquo;s (LIC) premium collections.

Life insurers' new business premium rises 25.8%

Life insurers, however, feel Irda should have curbed mis-selling in this segment, rather than ban such products.Industry sources said the final norms related to these were unlikely to be passed soon. Highest NAV-guaranteed products are a type of unit-linked plans (Ulips) that promise to pay the highest value the fund records during a certain period of the term (five to seven years). For this, insurers have to invest aggressively in stocks, something that may lead to undue risks. The controversy surrounding these products surfaced in September 2010, when Irda indicated its discomfort on the grounds of "systemic risks" associated with the way such funds were managed. It felt such products emphasised on debt instruments and had a risk of heavy sell-off in equities, in case of a fall in the stock market.

No need to ban high-NAV products: Insurers

Insurance Regulatory and Development Authority (Irda) has brought out final guidelines for standardisation of health insurance

Irda issues norms to bring clarity in health insurance

Itâ€™s a comeback any professional would dream of. Less than two years after he was demoted to managing director of Life Insurance Corporation (LIC) following charges of financial irregularities, something that eventually prompted him to take voluntary retirement in November 2012, T S Vijayan was appointed chairman of the Insurance Regulatory and Development Authority (Irda), the countryâ€™s insurance regulator.An Irda statement said Vijayan had taken charge with immediate effect.Vijayan, 60, who succeeds J Hari Narayan who completed his term yesterday, would get a five-year term. The Irda chiefâ€™s tenure is for five years or till the age of 65.This is probably the first time a financial sector professional would head the regulatory body of the same sector.Earlier, Vijayan was under the scanner of the Central Bureau of Investigation (CBI) for about two years. However, he was exonerated after the agency didnâ€™t find any wrongdoing. After

Former LIC chief takes charge as Irda chairman

BS Reporter

Bloodthirsty' lawyers haunt UK insurers

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.

Page 128 - Insurance News