The Irda on Thursday said no timeframe had been set for Life Insurance Corp of India to reduce its holding in companies in which it has more than 10 per cent stake.

'No time limit for LIC to cut stake in companies'

Business Standard

Private insurer Bharti AXA General Insurance said on Wednesday it plans to double its business in the southern region by the end of the ongoing calendar year. &quot;The company is planning to double its business in the southern region by the end of the calendar year 2012,&quot; the company said in a release.

Bharti AXA aims to double business 

Press Trust of India

The lack of pension and unit-linked insurance products (Ulips) continues to take a toll on the life insurance industry, particularly on private players. The number of policies issued by these players has declined 29 per cent so far this financial year. Consequently, the busy season notwithstanding, premium collection by the life insurance industry declined in the April-January period.

Pvt life insurers' policy issuances dip 29% since Apr

I read the insurance regulator wants policies to be sold based on the customer's need.

Life Insurance: V Philip

In about a month&rsquo;s time from now, purchasing general insurance policies for health, motor and property could become more expensive, as the government has asked insurers to bear the risk of loss-making businesses on their books &mdash; else hike the premiums adequately. This would impact the car insurance segment especially, as insurers were used to accumulating their risks in a common insurance pool.

Get ready for higher medical, car insurance premiums

Private sector insurer Bharti AXA General Insurance Company Ltd is eyeing big in the state of Assam as the company plans to double its business in the state by the end of 2012 calendar year.

Bharti AXA to double its business in Assam by 2012

Oil and Natural Gas Corporation (ONGC) may have to pay higher premiums when its insurance policy comes for renewal on May 11. Last week, ONGC, which holds the country&rsquo;s biggest insurance policy, had floated a tender to the underwriters to primarily cover its offshore assets worth $33.7 billion.

ONGC's insurance premiums likely to rise 15-20%

Spending on your health check-ups can also help you save tax in the new financial year. Finance Minister Pranab Mukherjee on Friday introduced a deduction of Rs 5,000 for expenses incurred on preventive health care under section 80D. Under this, citizens can save tax for the monies spent by them on their health check-ups. This will include various medical tests that individuals are asked to undergo at hospitals.

Part of your health check just got tax-free

From poor to the rich, everyone living in Chhattisgarh will now get a medical cover under a scheme announced by the state government.

Chhattisgarh launches health insurance scheme

The gloves are off. At a time when the life insurance industry is faced with an unprecedented slide in premium collection, its relationship with the regulator-industry seems to be at an all-time low. While the Insurance Regulatory and Development Authority (Irda) is standing firm on its move to usher in sweeping changes to curb mis-selling, insurers say it&rsquo;s happening all too soon and are reluctant to give up without a fight.

Life insurers caught in a cleft, courtesy regulator

The penetration of general insurance, measured as a percentage of premiums to gross domestic product (GDP), has been low at 0.7 per cent in India. We feel as awareness grows, penetration of general insurance is also bound to grow. India&rsquo;s GDP has been projected to grow at more than seven per cent for the next several years and as a natural corollary, the general insurance industry is set to grow at the rate of 14- 18 per cent for the next decade.

Profitability remains a challenge: Hemant Kaul

After almost a decade of robust growth, premium collections of the life insurance industry are down.

After growth, it&#39s a phase of consolidation 

Ask any distributor of financial products and he would affirm that selling life insurance is among the most challenging tasks. One of the key reasons it can be demanding is it requires convincing a policyholder to make regular premium payments over an extended period of time. The cumulative impact of policies, which pay renewal premiums, in your book is known as persistency.

Persistency is the name of the game: Jayant Dua

The general insurance industry, facing a Rs 10,000-crore hit in its bottom line due to third-party motor pool losses, has been given some relief by the Insurance Regulatory and Development Authority (Irda).

Irda relaxes solvency norms for general insurers

The busy tax saving season failed to bring cheer to the life insurance market as policy issuance continued to head south, pushing down sales or premium collection by 14 per cent in the current financial year.

Life insurance premium collection declines 14% since April

Children are undoubtedly the top priority for parents. Every parent, irrespective of his or her financial status, would want only the best for the children and good health is no exception. Any medical problem with the child is a double whammy because the parents have to suffer emotional as well as financial trauma. Unforeseen and alarmingly high health expenses can even cause a serious dent in the parents&rsquo; pockets.

Buy a cover for your child

India Inc might have to shell out more while renewing insurance policies, as global reinsurance rates are seen hardening by 20-25 per cent when such policies comes up for renewals from April.

Reinsurance rates may harden 20-25%

I am 45, and plan to retire by 55. I already have two pension plans.

Life Insurance: Deepak Sood

After a long wait and prolonged consultation with stakeholders, the Insurance Regulatory and Development Authority (Irda) finally came out with guidelines on initial public offers (IPOs) during the year. This development will see private insurers hitting capital market in the coming years.

Reforms marked 2011 for insurance sector

Irda to raise provisioning norms to 163-213 per cent.

General insurance industry faces Rs 10,000 cr hit in FY12

If you plan to buy a pension plan as a part of your tax-saving exercise, you need to wait. The reason is simple: there are just no pension plans available in the market.

Forget about pension plans, there's none available anyway

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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