IndiaFirst Life Insurance Company Limited is targeting a premium income of Rs 600-700 crore during the current financial year.

IndiaFirst eyes Rs 700 cr premium

Business Standard

Since Saturday, Krishna Chokhani, a Mumbai-based insurance agent, has been getting calls from worried policyholders of unit-linked insurance policies (Ulips). &ldquo;With both regulators standing firm, investors are anxious if they will suffer,&rdquo; said Chokhani.

Ulip row: Distributors field calls, put applications on hold

Bharti AXA General Insurance Company Limited is set to expand its network in Kerala by setting up operations in Alappuzha, Pathanamthitta, Malappuram and Palakkad shortly. The company already has a presence in major locations like Kochi, Thiruvananthapuram, Kollam, Kottayam, Kozhikode and Thrissur, said Amarnath Ananthanarayanan, CEO, Bharti AXA.

Bharti AXA to expand in Kerala

Uncertainty over regulation of unit-linked insurance plans (Ulips) is taking its toll on sale of new policies, while existing policyholders are looking at surrendering their policies.

Ulip row casts shadow on life insurance business

Insurers witnessed a spurt in business during the last month of the financial year &mdash; with contributions over 23 per cent of the total collection in 2009-10 &mdash; as individuals opted to purchase covers to avail tax benefits.

Life insurance industry gains 68% in new biz

Non-life insurance companies will take a slight hit due to recent flight disruptions in Europe. Claims will arise from overseas travel insurance policies which cover delay or cancellation of flights.

Insurers face some hit on week's flight disruptions

Sachin Tendulkar, the captain of Mumbai Indians, may miss Sunday&rsquo;s Indian Premier League (IPL) final against Chennai Super Kings owing to injury and yet get Rs 50 lakh. That&rsquo;s because his team management has purchased an insurance cover that, among other things, includes loss of income to a player due to injury.

Sachin in the stands could cost Oriental Rs 50 lakh

Riding on recovery in auto sales and retail health segments, the general insurance industry recorded 13.4 per cent growth in gross premium collected during the last financial year.

Non-life insurers clock 13.4 per cent growth in 2009-10

Bharti AXA General Insurance company is targeting a 70 per cent growth in premium collections during the current financial year.

Bharti AXA eyes 70% growth in premium

Insurance companies planning to go ahead with the launch of new Unit Linked Insurance Plans (Ulips) may have to face criminal prosecution from the Securities and Exchange Board of India (Sebi), say experts.

Insurers may face criminal charge for new Ulip launch

To restructure its sagging business and repay its $182.3-billion bailout, the once global insurance leader American International Group (AIG) today said it would sell its Asian life insurance unit American International Assurance (AIA) to British insurance major Prudential for $35.5 billion.

Prudential snaps up AIG's Asian unit for $35.5 bn

Press Trust of India

The Tatas will have to either buy out the 26 per cent stake in its life insurance joint venture or rope in another partner if Prudential UK buys out the Asian life insurance business of American International Group (AIG).

Tatas may have to buy out AIG in insurance joint venture

American International Group Inc&rsquo;s biggest asset sale since the insurer&rsquo;s 2008 government bailout reduces pressure on Chief Executive Officer Robert Benmosche to dismantle more of the company.

AIG's $35.5-bn sale reduces taxpayer 'wrath' on insurer

Aegon Religare Life Insurance (ARLI), a joint venture of the Netherlands-based Aegon and India&rsquo;s Religare Enterprises Limited, has targeted a premium amount of Rs 240 crore in the current financial year, which is its first full year of operations.

Aegon Religare eyes Rs 240 cr premium

Serious political differences and time constraints will prevent the Manmohan Singh government from passing the contentious Insurance (Amendment) Bill in the current session of Parliament.

Insurance Bill hits opposition wall

The pilot &lsquo;Weather Based Crop Insurance Scheme&rsquo; (WBCIS), which is aimed to insure wheat farmers in Haryana against adverse weather conditions, seems to have hit a snag, as the state government failed to issue the notification regarding implementation of the scheme.

Weather-Based Crop Insurance Scheme hits roadblock in HRY

The four public sector general insurance companies &mdash; New India Assurance, National, United India and Oriental Insurance &mdash; have decided to work with only a handful of third-party administrators (TPAs) to manage claims in the health segment more efficiently.

Public sector insurers to rationalise TPAs

After hitting the bottom in the first six months of 2009, rates of most non-life insurance products increased during the second half of the year.

Fire, health insurance  likely to become dearer

Market regulator the Securities &amp; Exchange Board of India (Sebi) and the Insurance Regulatory &amp; Development Authority (Irda) have started talks to iron out differences over the regulation of unit-linked insurance plans (Ulips).

Irda, Sebi look to resolve Ulip row

Private sector insurance companies have more than three times the outstanding number of death claims on individual insurance policies compared to state-owned Life Insurance Corporation of India (LIC), Finance Minister Pranab Mukherjee told the Rajya Sabha on Tuesday.

Private insurance firms have more death claims than LIC: FM

Insurers widen age limit to between three months and 65 years.

Coming soon: 'Portable' health 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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