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

Business Standard

Though the Insurance Regulatory and Development Authority (Irda) has just released the norms for initial public offerings (IPOs), insurance companies are hardly queuing for listing.

Insurance companies in no mood for public issues

Public sector lender Syndicate Bank has shortlisted four firms, three domestic insurance companies &mdash; Aviva Life, Reliance Life and Birla Sun Life - and a foreign insurer, Avantha Ergo, for its proposed venture in the life insurance space.

Syndicate Bank shortlists 4 for life insurance venture

The gross premium underwritten by the 20 non-life insurers across all the five segments during the six-month period between April and September, 2011 grew 25 per cent to Rs 25,883.58 crore as compared with Rs 20,691.72 crore in the corresponding period last year. The figures were released by the Insurance Regulatory and Development Authority (Irda).

Non life gross premium up 25% in H1

Lower premiums or higher benefits for the same cover justify a switch. But watch out for hidden costs.

Do you know when switching policies makes sense?

Annual insurance premiums have more than doubled.

Injuries stump BCCI off the field!

A Bill to increase the paid-up capital of Life Insurance Corporation (LIC) of India to Rs 100 crore from the current Rs 5 crore and make the insurer conform with the same regulatory requirements as other life insurers was passed in the Lok Sabha on Monday, but not before giving anxious moments to the treasury benches.

Nod to up LIC's paid-up capital

Says companies should ensure policyholders&rsquo; liabilities remain &lsquo;ring-fenced&rsquo;.

Irda set to allow foreign branches for pvt insurers

Six months ago, directors of Kolkata-based AMRI Hospital were part of a closely-knit industrial circle in the city. Since the last couple of days, they are in jail on charges of culpable homicide not amounting to murder, following a fire in the hospital that killed at least 90 people on Saturday.

Company directors rush for insurance cover

Low margins and cash crunch have resulted in job cuts and a decline in the insurance industry. A policy roadblock is making it worse.

Turbulent times for a sunrise sector

Despite scepticism on their financial prudence, they are not a threat to costumers.

Online term plans: Too good to be true? 

I was supposed to travel to Europe in the coming winter break. I had even purchased an insurance policy covering my wife and myself. However, our plans stand cancelled due to a death in her family.

General Insurance: Gaurav Garg

In what comes as relief to the non-life insurance industry, the Insurance Regulatory and Development Authority (Irda) has dismantled the commercial third-party motor pool.

Commercial third-party motor pool ends

Marriages are made in heaven, but, they can very well turn sour on this earth, by etting cancelled or not proving to be fruitful, after consummation.

Now, cover your marriage against losses

Press Trust of India

Despite innovations in products, don't overlook fine print attached; comparisons remain complex.

2011 saw more health cover options

While cricket superstar Sachin Tendulkar awaits a &lsquo;century of centuries&rsquo;, his new five-storey bungalow in Bandra has already scored one. The &ldquo;little master&rdquo; has taken an insurance cover worth a whopping Rs 100 crore for the house.

Tendulkar gets Rs 100 cr cover for Bandra house

When Aarti and Ajay Naik were deciding on the type of health cover they should buy, tax benefit played a crucial role. Reason: both of them are working and are eligible for a deduction of Rs 15,000 each under Section 80D for health insurance. And they wanted to utilise this well.

Make the most of double tax benefit 

Public sector insurer Life Insurance Corporation (LIC) aims at deeper penetration of its low cost insurance schemes in Uttar Pradesh.

LIC for deeper penetration of low-cost insurance schemes in UP

ICICI Bank, the country's largest private sector lender, on Monday said its consolidated net profit for the quarter ended September 30 surged 43 per cent to Rs 1,992 crore, compared with Rs 1,395 crore a year ago. The rise was aided by higher earnings of the bank&rsquo;s life insurance arm, ICICI Prudential Life Insurance Co.

Life insurance arm pushes ICICI Bank Q2 profit up 43%

Indian life insurers recorded a 21.35 per cent drop in premium collection during the first six months of the current financial year. During the April-September period, 23 life insurance companies collected premium worth Rs 49,046 crore by writing new policies, against Rs 62,361 crore in the corresponding period last year.

Life insurance premium mop-up declines 21%

Edelweiss Tokio Life Insurance Company Limited, the new age life insurance entrant has launched three wealth accumulation plans, tailor made to meet the various wealth creation and protection needs of customers.

Edelweiss Life Insurance launches three tailor made wealth accumulation plans

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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