Page 46 - Insurance News

Royal Sundaram General eyes 25% biz from accident,health cover

As of March 2016, its total premium stood at Rs 1,700 crore which may touch Rs 2,100 crore

Indian insurance sector to grow significantly in coming yrs: Report

UK-based reinsurance company Lloyd is expected to set up its branch in Mumbai in 2017

SIDBI ties up with LIC for capital support to enterprises

SIDBI and LIC had signed a MoU to supplement funds under India Aspiration Fund

Insurance firms, banks rush to invest in small finance banks

At Ujjivan, insurance companies hold 9.75% stake as on September 30, 201

American reinsurer RGA gets final nod from IRDAI to open branch in India

The group, which has been in India for the past 15 years, plans to open a branch in Mumbai

Recurring natural calamities to escalate insurance premium

Chennai, Vizag among vulnerable cities on east coast

Demonetisation will help us as savings will increase: Trevor Bull

We plan to grow digitally, which means we will not require salesmen

Proceeds from policy bought abroad are not taxable

While the Income Tax Act defines 'insurer' as an Indian insurance company, the section dealing with the exemption of maturity proceeds, does not specify any such condition

With government support, insurance sector makes a good show in 2016

The non-life sector is expected to reap a bumper premium harvest of around Rs 18,000 crore from the PMFBY

Vijay Sharma formally assumes office as LIC Chairman

As executive director of LIC's pension & group schemes, Sharma pioneered the launch of various prestigious plans

SBI to revalue SBI Life for later stake sale to JV partner

After agreeing to a deal to sell 3.9% stake in SBI Life Insurance, its JV with BNP Cardiff

SBI sells 3.9% stake in life insurance arm for Rs 1,794 cr

SBI Life becomes the most valued private life insurer; deal to also boost bank stock

SBI to divest 3.9% stake in SBI Life for Rs 1,794 cr

An investment vehicle affiliated with KKR-managed funds, and an affiliate of Temasek will each purchase 1.95 crore shares from SBI

Aviva insurance to focus on partnership with digital companies: Trevor Bull

He also adds that demonetisation will help the insurance space in the long and medium term

LIC lists conditions for R-Infra rejig

The move comes as Reliance Infrastructure's billionaire owner Anil Ambani plans to sell stake in the Mumbai power business and pare debt across his conglomerate

IRDAI allows insurers to invest in Basel III bonds

Insurers cannot invest in AT1 bonds of their promoter group bank or where the bank is their corporate agent

Irdai allows insurers to be part of JLF

However, except large insurers like LIC, other insurers might not be active members in the JLF

Guaranteed returns in products could see impact of falling interest rates: Milliman

In a falling interest rate scenario, insurers may lower future bonuses on participating products

Life insurers' total products see 12% jump

The industry had 685 products as on October end 2016 compared to 610 products last year during the same time period

98 mn sign up for govt's accident insurance plan

Public sector banks have outperformed private ones in enrolments