Page 43 - Insurance News

LIC divides investment portfolio among 3 MDs for more balanced decisions

For past many years, life insurance giant had been functioning with only one or two MDs

Irdai issues new outsourcing guidelines for insurers

Insurers are expected to do all actuarial functions and enterprise-wide risk management in house

New India Assurance FY17 net profit up 22%; targets 17% jump in FY18 biz

Company has suffered an underwriting losses to the tune of Rs 3,500 crore

Life insurance companies see high growth in non-cash premium payment

People in rural areas, small towns are switching to cashless modes of payment, says industry

Wealthy Indians shop for overseas health covers

Two Indian companies offer covers ranging from Rs 15 lakh to Rs 6 crore

ICICI Prudential Life Insurance Q4 net profit rises marginally to Rs 408 cr

The insurer had earned a net profit of Rs 403 cr in same quarter of the previous FY

AIC to appoint consultant to rejig business strategies

AIC wants to reposition itself as crop insurance is turning out to be a market-based product

ICICI Lombard net grows 38% at Rs 702 crore in 2016-17

The company's net profit in the preceding fiscal 2015-16 stood at Rs 507.5 crore

LIC posts 27% growth in first year premium in FY17

LIC's market share in terms of number of policies stood at 76.09%, up from 74.72% last year

General insurers sell ITC stock to hike book value before listing

LIC, however, increases stake in company to 16.29%

Daiichi protests Singhs' Religare Health Insurance stake sale in court

Claims they violated order to inform court about transactions of their unencumbered assets

Your motor insurance set to get cheaper as Irdai reduces third-party rates

Premium rates for the current financial year are higher than those of the previous year

PSU insurers gain big from ITC as private players, MFs turn responsible

But globally insurers, fund houses have been staying away from investing in sectors like tobacco

Irdai unveils online market place for selling policies by insurers

Regulator said companies may offer discounts to customers if their policies are sold online

LIC to soon get bankers on board for managing lending operations

LIC has been into business of insurance but they don't have expertise on loan risk assessment

ICICI Pru, HDFC Standard take 10% stake in Capital SFB

CSFB, country's first in new category of Small Finance Banks, started operations on Apr 24 last year

Avantha calls off life insurance venture with ERGO

JV announced in Nov 2012 stands dissolved; second-time unlucky ERGO begins hunt for new partner

LIC's new premium policy growth jumps 26% to Rs 1.2 lakh crore in FY17

State-run insurance behemoth witnessed degrowth in terms of policies during the year under review

Religare to exit Religare Health Insurance for Rs 1,040 cr

PE firm True North will buy Religare's entire 80% stake in RHI

Birla Sun Life raising team of women insurance advisors

Targets 10,000 direct sales personnel pan India, says 50% women advisors among top-100 performers