Page 44 - Insurance News
General insurance premium set to go up from April 1 as Irdai gives go-ahead
The change in premium after modification will be limited to +/- 5 per cent of the existing rates
 "General insurance premium set to go up from April 1 as Irdai gives go-ahead")
SBI Life set to enter Bahrain in next financial year; to focus on NRIs
At present, around 40 per cent of SBI's 20,000 branches sell SBI Life's products
 "SBI Life set to enter Bahrain in next financial year; to focus on NRIs")
SES opposes DHFL insurance hive-off plan
Cites incomplete disclosures; firm says deal beneficial to shareholders
Decision on stake dilution likely in Q1 of FY18: SBI Life
After that SBI Life Insurance will begin the regulatory process for IPO
Non-life insurers' premium income grows over 33% in February
Gross premium income stood at Rs 10,288 cr in Feb 2017, up from Rs 7,711 cr a year ago
 "Non-life insurers' premium income grows over 33% in February")
With regulator Irdai's go-ahead, non-life premia are set to shoot up
To protect their bottom lines, non-life insurers may up premiums in certain segments by 10-15%
 "With regulator Irdai's go-ahead, non-life premia are set to shoot up")
Non-life insurers' February premium up 33% at Rs 10,287.74 cr
Their gross premium stood at Rs 7,710.81 crore in the same month a year ago
 "Non-life insurers' February premium up 33% at Rs 10,287.74 cr")
GIC, NIA to be listed before October
Centre expects good valuation on them once they make their market debut
Insurance regulator mulls segmented balance sheets
The regulator's concern is that current premiums in group health segment are not justified
 "Insurance regulator mulls segmented balance sheets")
Irdai to ask for segmental reporting of balancesheet
The regulator's concern is that current premiums in group health segment are not justified
 "Irdai to ask for segmental reporting of balancesheet")
LIC to step up income from non-single premium in FY18
Income saw 8% growth at Rs 13,646 cr in Apr-Dec 2016 as against Rs 12,617 cr a year ago
 "LIC to step up income from non-single premium in FY18")
Irdai scanner on car insurance policies
Once car buyers buy costly insurance, they do not get any support from the insurance companies
 "Irdai scanner on car insurance policies")
First year premium growth of life insurers rebounded in FY16
Life insurance sector had witnessed decline of 13.55% in in 2015-16
Ageas keen to raise stake to 49% in IDBI Federal Life Insurance
IDBI Federal Life Insurance expects to wipe out accumulated losses in two years
 "Ageas keen to raise stake to 49% in IDBI Federal Life Insurance")
Fixing the minimum premium price: The insurance cartel may just be back
IRDA usherd in true competition by abolishing the Tariff Advisory Committee in 2002
LIC goes slower on equities in FY17
Single premium segment boosts income to Rs 1.45 lakh crore
 "LIC goes slower on equities in FY17")
LIC clocks Rs 16k-cr profit through equity investments in April-Dec 2016
Chairman V K Sharma expects Rs 35,000 cr in new business premium by March-end
 "LIC clocks Rs 16k-cr profit through equity investments in April-Dec 2016")
LIC debut: To declare quarterly numbers today
India's largest insurer will declare its quarterly results for first time
 "LIC debut: To declare quarterly numbers today")
LinTeractive bags digital mandate for HDFC ERGO's campaign on motor insurance
LinTeractive has been entrusted the task to create a digital engagement for HDFC Ergo
AIG sees uncertainty in 'too-big-to-fail' label for insurers-filing
In 2008, AIG nearly got collapsed and get $182 billion bailout by the US government
 "AIG sees uncertainty in 'too-big-to-fail' label for insurers-filing")