Religare Enterprises, the diversified financial services company promoted by Malvinder Singh and family, is in talks with global players to foray into health insurance. Religare is in discussions with large global health insurance players such as Bluecross Blueshield Association, the United Health Group, Discovery Health, Philadelphia-based Cigna Corporation and Aetna for a possible joint venture, according to sources.

Religare eyeing global tie-ups for health insurance foray

Business Standard

The Insurance Regulatory and Development Authority (Irda) Committee, which was evaluating the performance of third-party administrators (TPAs) in the health services sector, is likely to submit its recommendations within the next 15 days.

Irda likely to submit report on TPAs in 15 days

Public sector insurance companies have managed to raise their market share further during the April renewals.

Public insurers up mkt share in April renewals

In its present format, this policy doesn&rsquo;t inspire much.

Unemployment insurance

With the Reserve Bank of India (RBI) lowering the growth estimate for the economy to 6 per cent, non-life insurance companies also expect the industry to grow at sub-10 per cent in the current financial year.

PSU non-life insurers expect sub-10% growth in 2009-10

For the first time since the sector was opened up, the life insurance industry has suffered a drop in premium from new business.

Life insurers see 6% drop in new premium income

HDFC Standard Life is planning to launch a health savings plan next fiscal. The company is eying a premium income of Rs 50 crore from health insurance by the end of next fiscal. This fiscal the company is eying a premium income of Rs 20 crore from the segment.

HDFC Standard Life offers health savings plan

When it comes to premium inflows, March is a key month for Life Insurance Corporation of India (LIC). However, the state-owned behemoth says it may side step big investments in government bonds because it has already met its investment requirements as mandated under the guidelines.

LIC to avoid big gilt buys in March as guidelines met

As a result, local insurers would be forced to seek more support from global players to underwrite large risks.

Insurers may be forced to seek global risk cover

The Insurance Regulatory and Development Authority (Irda) has asked insurance companies to strictly adhere to anti-money laundering (AML) guidelines and has asked them not to accept premiums worth more than Rs 50,000 in cash.

Premium above Rs 50k should not be paid in cash, says Irda

Despite the uncertainty surrounding the Indian Premier League (IPL) dates, public sector insurer Oriental Insurance Company (OIC) is close to finalising a Rs 400 crore for the mega event.

Oriental seeks reinsurance cover for IPL

Oil and Natural Gas Corporation (ONGC) has started hunting for reinsurance companies to renew its annual insurance cover from April 1. But the energy giant is seeking to extend its risk cover at a time when threat perceptions in the Indian subcontinent have increased following the terrorist attacks in Mumbai and Lahore.

ONGC begins hunt for reinsurers

In order to provide greater transparency and enable policyholders to take more informed decisions, the Insurance Regulatory and Development Authority (Irda) is asking insurance companies to disclose solvency margin, claim settlement record and loss ratio on a quarterly basis.

Irda seeks more disclosures

For the first time since the sector was opened up in 2000, the life insurance industry is expected to see a drop in premiums from the sale of new policies.

Life insurers may see drop in new business

The proposed infusion is to support the company&rsquo;s expansion plan and meet the target of Rs 500 crore premium in 2009-10, according to a company representative.

Star-Dai-ichi Life to pump in Rs 100 cr more

Max New York Life (MNYL) is looking at maintaining a double digit growth rate both in terms of premium collection and number of policy holders this year, despite volatile market conditions with more tailor made products.

Max New York Life aims for double digit growth

Soon, you may not have to worry about your lost wallet. A host of private insurance companies are taking a cue from their overseas counterparts to launch such products in India.

Coming soon: Cover for your wallet

Speaking to reporters after launching the company&rsquo;s regional office in Chennai, M Balachandran, chairman, Star Union Dai-Ichi Life Insurance, said the additional capital of Rs 100 crore would take up the total capital of the company to Rs 250 crore. The Chennai office would cater to the four southern states.

Star Union Dai-Ichi Life to invest Rs 100 crore

Three general insurers missed out on their rural obligations, while three more missed fulfiling social obligations as spelled out by sector regulator Insurance Regulatory Development Authority (Irda).

Insurers miss out on rural, social obligations

In a bid to know about available solvency margins and bring in more transparency in terms of corporate governance, the Insurance Regulatory and Development Authority (Irda) has asked life insurance companies to submit scrip-wise details of their investments.

Life insurers asked to disclose more

Life Insurance Corporation of India (LIC) expects its investible corpus to increase by 25 per cent to Rs 2,00,000 crore next fiscal, as against an estimated Rs 1,60,000 crore during 2008-09, Managing Director Thomas Mathew T said.

LIC's investible corpus to rise 25% in FY10: MD

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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