Aided by government health schemes and correction in rates, insurance for health and personal accidents recorded highest growth in the non-life insurance segment during the first half of the financial year.

Health insurance grows 42% in H1

Business Standard

I own a farmhouse in Lonavala. I have a caretaker who looks after the house. We only have basic furniture and utensils there, and no valuables.

General Insurance: Gaurav Garg

Launching the ING Market Shield, its new unit-linked insurance plan (Ulip) here, Rahul Agarwal, chief distribution officer of ING Life, said, &ldquo;We would launch another single premium product under Prospering Life and the rest will be available by March.

ING Life to launch 3-4 products by March

A travel policy is not enough as most domestic ones do not provide health cover.

Get a health cover and have a relaxed holiday

Devotees may seek solace inside their holy precincts, but cash-rich and gold-laden temples across India are seeking somewhat less divine intervention to protect their riches: insurance companies. From priests, pilgrims, ornaments, buildings, elephants and even cattle inside temple premises, the insured list is quite extensive.

Temples seek solace in insurance

Pay attention to administrative and mortality fees.

Consider total charges on Ulip

A majority of hospitals empanelled under the flagship Rashtriya Swasthya Bima Yojana (RSBY), a cashless health insurance cover to below poverty line (BPL) families in the unorganised sector, are not prepared to treat patients under the scheme in the state.

Hospitals unprepared for national insurance scheme

New Ulip rules hurt, but premium collected by selling new policies rises 39%.

Life insurers' new business income falls 50% in November

Splitting your term plan with variable tenures will help.

How to keep pace with falling premiums

Insurers reduce dependence on Ulips after Irda&rsquo;s new norms shrink margins.

Traditional plans replace Ulips

Star Union Dai-ichi Life Insurance (SUD Life) is eyeing the vast rural market in Uttar Pradesh for future growth.

Star Union Dai-ichi Life Insurance eyes UP rural mkt

Returns on NAV-guaranteed plans are higher than debt products.

Guaranteed returns only for conservative

The Insurance Regulatory and Development Authority (Irda) took a number of steps in 2010 to ensure that life insurance products serve its basic purpose. It gave policyholders an option to invest in insurance plans, which were more transparent, less expensive and long-term in nature. Going forward, the regulator is likely to set up a policyholders&rsquo; protection fund.

Policyholder protection topped Irda's agenda in 2010

2010 may go down as the year of the scams but it was also a significant year for sector regulators. Several found their powers challenged or at least redefined &ndash; insurance, stock market, and telecom &ndash; and plans for a new &ldquo;autonomous&rdquo; regulator &ndash; for civil aviation &ndash; were up in the air.

Regulators test their autonomy

The Insurance Regulatory and Development Authority (Irda) has given an in-principle approval to the proposed insurance ventures of Religare Enterprises and financial services firm Edelweiss Capital.

Edelweiss, Religare get in-principle nod for insurance JVs

These products do not suit everyone even though they are flexible and facilitate investments in debt and equities.

Ulips: Only long-term benefits

Like dematerialisation of securities, it will offer dual benefits of cost-effectiveness and convenience.

Insurance: Demat club's latest entrant

Not all life insurance policies disclose their charges to policyholders. Traditional insurance policies do not disclose the charges. Unit-linked insurance products (Ulips) are more transparent about the charges.

What are the costs involved in a life insurance policy?

T S Vijayan, whose five-term as the chairman of government-owned Life Insurance Corporation of India (LIC) ended today, is likely to shift to UTI Mutual Fund as the new head.

LIC chairman denied extension, may head UTI MF

IN what could be a serious blow to the United Progressive Alliance (UPA) government, Parliament&rsquo;s Standing Committee on Finance, headed by Yashwant Sinha of the Bharatiya Janata Party (BJP), has indefinitely deferred finalisation of its report on the long-pending Insurance Laws (Amendment) Bill.

House panel defers report on insurance Bill

Private life insurer HDFC Life is looking to break-even by the end of the current financial year.

HDFC Life expects to break even by year-end

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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