Page 169 - Insurance News
Irda wary over LIC's plan to increase stake
Insurance regulator has mandated insurance companies can?t have over 10 per cent stake in a particular company
Irda looking at risk-based solvency model for insurers
Sets up panel for feasibility study
Irda finalises investment norms, to notify soon
Insurers would not be allowed to have more than 5% in companies belonging to promoters' groups
SBI Life Insurance launches guaranteed savings plan
Under the scheme, customers can opt for a premium payment term of five, 10 or 15 years
New insurance norms can be a double-edged sword
Investing in AA paper broadens choice but exposes policyholders to risk
Irda identifies 18 product categories for standardisation
This will help insurers quickly launch their products
No exit age in health covers to increase insurers' loss ratio
New norms set to upset insurance firms' apple cart, players want premium raised to cap losses
Irda raises agents' commission, cuts minimum guaranteed surrender value for some products
Minimum commission for agents raised from 14% of the premium for the first year to 15%, for 5-yr premium-paying term policies
Irda gives options for bancassurance tie-ups
Under proposed rules, a bank can at the most tie up with one life, non-life & health insurance company in maximum 20 & minimum 10 locations
'We aren't a bailout agency'
LIC says the govt did not approach it on meeting the disinvestment target