HPCL-Mittal Energy Limited (HMEL) has paid Rs 60 crore to insure its planned refinery in Bathinda in Punjab against risks during the construction phase.

HPCL-Mittal pays Rs 60 crore to insure its under-construction refinery

Business Standard

Unit-linked insurance plans (Ulips) are set to become more attractive for retail investors as the regulator today capped the charges levied by insurance companies on such investments. The cap, which comes into effect from October 1, will increase returns from Ulip investments.

Regulator caps Ulip charges

Insurance industry records growth in Q1, courtesy LIC

ING Life Insurance is expecting a 60 per cent growth in renewal premiums during this fiscal.

ING Life eyes 60% growth in renewal premium

Irda's directive on ulips doesn't address enough issues.

Making insurers explain costs

ING Life eyes 60 per cent growth in renewal premium

Life insurance major LIC has marginally decreased its holdings in a few Sensex companies where it holds more than 10 per cent stake, according to BSE data.

LIC pares stake; holds above 10% limit in cos

Press Trust of India

Insurers will have to register over 40 per cent of their unit-liked insurance product (Ulip) offerings before December 31 with the Insurance Regulatory and Development Authority (Irda) again to comply with the new norms on cost structure of insurance products.

Insurers may register 40% Ulips again

Premium from new policies up 30 per cent in April.

Life insurance growth at 2-yr high

The change in the fortunes of the stock market has made things easier for brokers, as they would be getting higher discounts on their business indemnity covers that would be effective from on Monday.

Post rally, insurers offer more discounts to brokers

Prudential Financial Inc., the biggest life insurer approved for U.S. bailout funds, said it will raise $1.25 billion selling shares and refuse government aid after a share rally made it easier to tap private investors.

Prudential declines treasury assistance after rally

Life Insurance Corporation of India (LIC), the country&rsquo;s largest institutional investors, is scanning around 200 companies on a daily basis for possible investments, a senior executive said on Wednesday.

LIC scans 200 firms for investment

New mortality table to be finalised by Oct.

Rising life expectancy to help lower insurance premium

Valuation on basis of embedded value to be mandatory.

Irda to change valuation norms for companies

Iffco Tokio General Insurance Company is planning to introduce a satellite-based weather index for weather insurance by using grant from the International Labour Organisation (ILO).

Iffco Tokio to introduce weather index for insurance

Getting or renewing health insurance when not young remains a problem, but there's some limited relief now.

Some Relief for the elderly

Insurance regulator Irda has asked for bringing about level-playing field between unit linked investment products of life insurers and mutual fund schemes in terms of service tax in the Budget.

Irda for equal treatment to Ulip, MF in Budget

With the Insurance Laws (Amendment) Bill awaiting Parliamentary approval, Max India, Analjit Singh&rsquo;s flagship company, has started discussions on divesting 23 per cent out of its 74 per cent shareholding in Max New York Life Insurance to its foreign partner.

Max starts talks to sell 23% to New York Life

With the increasingly growing unforeseen incidents overseas, including the outbreak of swine flue, tour and travel operators are now aggressively promoting travel insurance as part of their packages.

Firms bullish on travel insurance business

The Insurance Regulatory and Development Authority (Irda) proposes to make a tie-up between a life insurance and a general or health insurance company mandatory for any policy that combines health insurance and pure term life insurance.

Irda proposes mandatory life, non-life tie-up

At a time when the life insurance market is contracting, Life Insurance Corporation of India (LIC), the country&rsquo;s largest insurer, is expecting a 25 per cent increase in new premium income this financial year.

LIC expects new premium income to rise 25%

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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