Uncertainty continued to loom over the appointment of the chairman of Life Insurance Corporation (LIC) of India, the country's largest life insurance company.

D K Mehrotra appointed LIC's interim chairman

Business Standard

To issue biometric cards to 50 million people every year for the next four years.

LIC to offer UIDs to 40 mn policyholders this year

Bargaining on the cover premium can lead to lower value of your car.

Motor insurance discounts can land you in trouble

Diwali, the festival of lights, brings a smile to everybody&rsquo;s face. There are bright lights, brighter clothes and to top it all, fire crackers. But on the flip side, a little error in dealing with the lights and fire crackers can cause a lot of anguish. And sometimes, damage to oneself, neighbours and property, as well.

Cover for the festive fever

The group insurance scheme was introduced by the Centre for the landless agricultural labourers.

LIC for higher premium for Aam Aadmi scheme

Companies expect sales to pick up only in December-January.

Life insurers' net up on cost cuts, lower new business

Sequoia Capital to invest Rs 160 crore in holding firm to bypass 26% FDI rule.

Star Health promoters to dilute stake

Take into account current and future family expenses, inflation, investments and sum assured of existing policies.

Cover calculation

After life insurance products, the sector&rsquo;s regulator is now turning its attention to unit-linked insurance products (Ulips) that guarantee the highest net asset value over its term. Two life insurance companies that have filed for Ulips guaranteeing such NAVs have been questioned by the Insurance Regulatory &amp; Development Authority (Irda).

NAV-guaranteed products under Irda scanner

A comparison of hospitalisation cash and pure medical insurance plans.

Fixed cash policy: Not comprehensive enough

Bharti AXA General Insurance Limited, a joint venture between the Bharti group and AXA, is set to launch six more retail products in health, motor and travel insurance segments over the next six months.

Bharti AXA to launch 6 products

Life Insurance Corporation of India (LIC) brought down the cumulative &lsquo;notional loss&rsquo; in three of its pension plans by around five per cent from Rs 14,000 crore in the year ended March 2010, a senior LIC official said today.

LIC cuts notional loss in three schemes by 5%

Not all life insurers offer health insurance plans. Health plans by life insurance companies are long-tenure products &mdash; five years or more. General insurers&rsquo; health policies are renewable annually. Policies offered by life insurers have premiums fixed for three-five years, whereas non-life insurers may change premiums every year.

Life Insurance: Deepak Sood

After unit-linked insurance plans, the Insurance Regulatory and Development Authority (Irda) has introduced stringent guidelines for universal life policies (ULPs).

Irda goes strict on universal life policies

Kolkata-based non-banking financial company, Magma Fincorp, today said it has received the first phase of licence from the insurance regulator to enter the general insurance space through Magma HDI General Insurance.

Magma HDI Gen Ins receives R1 licence from Irda

Press Trust of India

Private life insurer Aviva today announced the launch of three child plans in the Uttar Pradesh market.

Aviva Life launches child plans in UP

In addition, buy Ulip health plans offered by life insurers or invest systematically in mutual funds to create a corpus.

Look beyond health covers

India is likely to count among the top three life insurance and 15 general insurance markets in the world by 2020. However, private insurance companies are to be find a way to operate profitably.

Losses accompany insurance sector growth cumulative red ink Rs 46k cr

At a time when the government-owned general insurance companies are reeling under heavy underwriting losses, the General Insurance Corporation (GIC), fearing higher claims, has tightened the noose on these companies by offering lower reinsurance capacities, cutting commissions and putting in stringent underwriting conditions while renewing their contract.

GIC sets stringent rules for state-owned general insurers

The Insurance Regulatory &amp; Development Authority (Irda) on Monday warned health insurance, motor insurance and other general insurance policies might turn costlier, with the settlement claims going up.

General insurance may turn costlier, says Irda

Get ready to pay more for the health cover provided by your company. While renewing group health policies, an increasing number of companies are opting for co-payment. This means a part of the claim amount has to be paid by the employees.

Company health cover to pinch more

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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