The Insurance Regulatory and Development Authority (Irda) has issued grievance redressal guidelines for insurance companies.

Irda issues grievance redressal guidelines

Business Standard

Anticipating a fall in sales of pension products after new guidelines kick in from July, life insurance companies are making a strong pitch to sell these this month.

Insurers push pension products this month...

The insurance regulator&rsquo;s recent proposal to tighten guidelines for referral agencies has created turmoil in the industry.

Insurers divided on Irda&#39;s proposed regulations on referrals

In what may lead to lesser front-loading of insurance policies, the Insurance Regulatory and Development Authority (Irda) plans to spread the commission over the tenure of the policy.

Tweak commission structure: Irda

To demystify insurance products and fill the information gap, the Insurance Regulatory &amp; Development Authority (Irda) has suggested to insurers that they use easy-to-follow language.

Skip jargon, keep it simple, Irda tells insurers

Aegon Religare Life Insurance (ARLI) on Monday announced plans to improve the topline for the current fiscal by expanding its distribution network. The focus of the company would be on increasing the branch network, hiring more life advisers and relationship managers and increasing the footprint of third-party distribution by acquiring a bank partner.

Aegon Religare Life to expand distribution

Buyers and existing owners of cars could be in for a shock. Reason: Premiums of motor insurance, both renewals and new cars, are going to rise by 10-25 per cent. Some companies have already raised their rates.

Car insurance gets costlier on rising collisions

The Insurance Regulatory and Development Authority (Irda) has now proposed to streamline the promotion of insurance products through distance sales channels, such as the telephone and the internet.

Irda to regulate telemarketing of insurance

Public sector general insurer United India Insurance Company is hopeful of achieving 15 per cent growth in its premium income to Rs 6,000 crore this financial year on the back of sound growth from all verticals of the company.

United India eyes 15% premium growth in FY10

Says tussle between Sebi and Irda to be resolved soon.

FM happy with changes in Ulips

A gamble with fate taken by both current railway minister Mamata Banerjee and her predecessor, Lalu Prasad, has just cost their cash-short charge upwards of Rs 10 crore.

Lalu, Mamata give and get an insurance lesson

To provide a push to infrastructure development, a committee under Housing Development Finance Corporation Chairman Deepak Parekh has suggested amending the rules to allow all insurance and pension funds to invest in the debt market.

Allow insurance, pension funds in debt market: panel

Insurance costs for oil companies are set to rise &ldquo;exponentially&rdquo; after the BP Plc spill, the worst oil leak in US history, the chairman of India&rsquo;s biggest energy explorer said.

BP oil spill 'game changer' for insurance: ONGC

Foreign partners may have to dilute their stake in insurance joint ventures (JVs) on listing to abide by the government diktat that all listed companies must have 25 per cent public shareholding.

Foreign firms may have to cut stake in insurance JVs

You need not shell out the big bucks to be pampered. Buy a health cover and enjoy luxury treatment at a spa, join a gymnasium or a yoga centre and get the necessary incentives that suit your budget.

Ride your fitness dreams on a health cover

Also wants the EEE model to be applied to pure insurance products.

Don't tax Ulips at withdrawal, insurers to tell government

According to the data released by the Life Insurance Council, the representative body of life insurance companies, the total premium went up by 18 per cent during the last financial year to Rs 2,61,025 crore.

Renewal premium grows 13% in 2009-10

Shriram Group, a Chennai-based diversified group, is planning to start general insurance operations in South-Asian countries. The group said it would rope in private equity and local partners, in each country for the proposed foray. The group has a life and non-life insurance companies each, along with a South African partner, in India.

Shriram Group to foray into general insurance

The general insurance council will meet the Central Board of Direct Taxes (CBDT) officials on June 23 to seek a withdrawal of a proposed capital gains tax in the direct tax code, released on Tuesday.

Non-life insurers to seek withdrawal of capital gains tax

Some basics to avoid trouble with car insurers due to laxity or silly mistakes.

Steering claims through the monsoon menace

Finance ministry asks Irda to make this and other changes while clearing these products.

Risk cover to double on Ulips

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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