Royal Sundaram Alliance Insurance Company Limited has launched its commercial vehicle insurance on the online platform, the company said in a press release today.

Royal Sundaram offers online covers for commercial vehicles

Business Standard

The new business premium collections of life insurers was down by 3.8 per cent in the period from April 1 to December 31, 2012, and stood at Rs 69,184 crore, against Rs 71, 953 crore in the corresponding period previous year, according to Irda data.

New business premium of life insurers falls

HSBC Holdings Plc&rsquo;s $7.4 billion sale of its stake in Ping An Insurance (Group) Co to Thai billionaire Dhanin Chearavanont was cleared by regulators, helping Europe&rsquo;s largest bank by market value revive earnings.

HSBC sells $7.4-bn Ping An stake to Thai billionaire


	

	Punjab National Bank (PNB) and US-based Metlife today signed a deal wherein the state-run lender picked up 30% stake in the insurance company for an undisclosed amount.

PNB acquires 30% in Metlife

Concerned about the subdued growth in the insurance sector, Finance Minister P Chidambaram on Monday asked insurance companies to refrain from miss-selling and devise simple products.

Refrain from miss-selling: Chidambaram to insurance firms

The Insurance Regulatory and Development Authority (Irda) is likely to issue new guidelines for life insurance products on February 8 after taking a final review on the same day.

New guidelines for life products soon

&lsquo;We will help you stay fit&rsquo; seems to be the new mantra of many insurance companies. Three big players &mdash; ICICI Lombard General Insurance Company, Bajaj Allianz General Insurance and Apollo Munich &mdash; have launched policies in tie-ups with spas, gymnasiums, yoga institutes, diagnostic centres and health food retailers to offer discounts to customers on these services and products.

Insurance for wellness

Formalities such as documentation and medical reports can be done in the foreign country.

Get a life insurance abroad

The Insurance Regulatory &amp; Development Authority (Irda) is planning to cap the charges on universal life policies, or ULPs. These have almost replaced unit-linked insurance plans (Ulips) in terms of new business.

Irda norms could cap charges on ULPs

More and more insurance companies are introducing solutions for motor policyholders. Since the Insurance Regulatory and Development Authority forbids any change in the basic product &mdash; the motor insurance policy &mdash; insurance companies are innovating with add-ons that provide cover for various other contingencies.

Insurers lure you to drive through extra cover

Family floaters are good for young families.

Sole benefits, family deficits

L&amp;T General Insurance Company Limited, a fully owned subsidiary of engineering construction major Larsen and Toubro (L&amp;T), has set a premium collection target of Rs 1000 crore over the next five years.

L&T Insurance targets Rs 1000 cr premium in 5 yrs

Life insurance companies may be allowed to take over banks&rsquo; long-term infrastructure loans. However, their exposure will be restricted to public sector projects backed by sovereign guarantee.

Insurers can take over loans of only govt-guaranteed projects

I have heard insurers are launching new, improved unit-linked insurance plans (Ulips), in terms of lower charges. I own two Ulips, one two years old and the other six.

Life Insurance: Kamesh Goyal

Employed individuals are default beneficiaries of group insurance policies bought by a company on behalf of the employees. While these are convenient for individuals who want to avoid the hassle of buying an insurance cover themselves, these may not be enough to solely depend on for medical emergencies. In fact, these may often play spoilsport in your planning.

Take add-ons with group insurance plans

Public sector Oriental Insurance Company may have to cough up around Rs 5 crore under the Directors&rsquo; and Officers&rsquo; (D&amp;O) liability policy following a claim by expelled Commonwealth Games (CWG) official M Jayachandran.

Oriental may take a hit on expelled CWG official's claim

Life insurance companies have asked the Insurance Regulatory and Development Authority (Irda) not to cap charges on universal life policies (ULPs). &ldquo;The regulator should wait for three-four months to see how unit-linked insurance plans&rsquo; (Ulips&rsquo;) sales have picked up before taking any call on ULPs. In a free market, prices should be determined by the market,&rdquo; said Sunil Kakar, chief financial officer of Max New York Life.

Life insurers ask Irda not to cap charges on ULPs

The term of my life insurance policy is over, but I have misplaced my policy bond.

Life Insurance: Deepak Sood

New business income growth slows to 20 per cent in September.

New Ulip norms slow life insurance business

Sales have been suspended until the final guidelines for ULPs are issued. Irda said it had received several complaints on the sale practices of the insurers regarding ULP.

Irda suspends universal policies

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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