Regulator not in favour of insurance firms dabbling in commodities.

Insurers seek to invest in gold, fund of funds

Business Standard

I have taken individual health insurance covers for my wife, my son and I. Last year, my wife was hospitalised twice, and we could not get the second claim as the cover was already used. I have read about family-floater schemes.

General Insurance: Ajay Bimbhet

American International Group (AIG) Inc&rsquo;s planned $2.15 billion sale of its Taiwan life insurance unit was blocked by local regulators, setting back the US insurer&rsquo;s effort to repay its $182.3 billion government bailout.

Regultors reject AIG's sale of Taiwan unit

Public sector insurance giant Life Insurance Corporation (LIC) is growing by almost 125 per cent in Uttar Pradesh and Uttarakhand in the current finacial year.

LIC growing by 125% in UP, Uttarakhand

The Visakhapatnam division of Life Insurance Corporation of India (LIC) is expecting a 15 per cent growth in first premium collection this financial year.

LIC sees 15% premium growth in Vizag division

India&rsquo;s insurance industry is set for a makeover as it seeks to survive and grow in a changed environment that dawned on September 1. With a three-month spat over who will regulate unit-linked insurance plans (Ulips) settled, the Insurance Regulatory &amp; Development Authority (Irda) in July announced sweeping changes to the way insurance companies do business.

Insurance industry reinvents itself under new regime

I met with an accident a year ago. My car, which was valued at Rs 2.12 lakh, was repaired for Rs 3.5 lakh, qualifying as a total loss. I had an outstanding loan of Rs 1.8 lakh, which the insurer and the bank were to settle between them and return me the remaining amount. The insurance company took a year before asking me to leave the car at its Vashi office and settle the claim. The car servicing station levied a parking fee of Rs 200 a day for the last one year before allowing me to take the car. Now, neither the car company nor the insurer is willing to bear this charge.

General insurance: Ajay Bimbhet

Helps save premium but maturity benefits lower than individual policies.

Opt for joint life policy to secure future

They have invested Rs 25,000-30,000 cr in this financial year.

Redemptions leave insurers with less money for stocks

Despite the low premium and high benefits, the insurance schemes for handloom weavers has virtually remained a non-starter in Uttarakhand.

Insurance schemes fail to catch weavers' fancy

Insurance companies now offer to cover funeral expenses under health and personal accident policy.

Insurers include funeral in personal accident policies

To make its stock market investments transparent and avoid further controversy, Life Insurance Corporation (LIC) has discontinued deals that were first negotiated over the telephone and then executed on the stock exchange platform, according to brokers familiar with the matter.

LIC halts negotiated stock deals for greater transparency

On the back of a strong December 2010 quarter performance, the LIC Housing Finance (LICHF) scrip has rallied by 14 per cent in the last three days as against a muted movement of around 1 per cent for the Sensex during the same period. This surge follows a sharp correction of 41 per cent in the LICHF stock price in the last three months.

Margin concerns may spoil LICHF's growth party

Flexible premium products provide flexibility in terms of the premium and sum assured.

Too complicated for comfort

The new business premium income of the life insurance industry fell by 20 per cent in December compared to the year before.

Life insurers' new biz premium dips 20%

After a tough quarter, insurance companies are going through a second round of cost rationalisation. A number of private sector insurers are planning to cut costs, as much as 20 per cent, in the next few months.

Insurance companies to again cut costs

A new business of Rs 4,698 crore in April-December this fiscal.

SBI Life overtakes ICICI Pru as largest pvt insurer

Press Trust of India

The critical role in meeting the government&rsquo;s Rs 40,000-crore disinvestment target for the current financial year is likely to be ultimately played by the old guards, Life Insurance Corporation (LIC) and the public sector banks (PSBs).

Govt mulls LIC, PSBs to save divestment target

Though the four state-owned general insurance players have been the most vocal critics of the Insurance Regulatory and Development Authority's (Irda) proposal to wind up the commercial third-party motor pool, data on motor pool losses show these companies were bearing additional losses on account of the existing pool mechanism.

Motor pool losses hit state-owned insurers the most

Life insurance companies planning to tap the equity market through initial public offerings (IPOs) would have to secure a &quot;written&quot; approval from the Insurance Regulatory and Development Authority (Irda), before applying to market regulator Securities and Exchange Board of India (Sebi).

Life insurers' public issues will need Irda approval

Be prepared to spend more on your automobile insurance covers. The Insurance Regulatory and Development Authority (Irda) is set to replace the current commercial third-party motor pool with a 'declined pool', which would, in a way, free prices and enable insurers to implement a risk-based pricing model.

'Declined' pool set to raise Motor Insurance premiums

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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