Page 48 - Insurance News

Nectar Life Sciences' claim not valid: Irdai

The surveyor attributed the reason for loss to vagaries of weather and not to fire in the vessel

Dai-ichi Life Insurance eyes stake in Union KBC AMC

Union Bank already has a life insurance joint venture with Dai-ichi Life and Bank of India

Foreign reinsurers R2 branch license approval likely in IRDAI October board meet

Meeting scheduled for Oct 24

Insurers fret over group health discounts

Incentives have continued despite IRDAI issuing norms that solvency levels for segments like health be high

Mandatory listing of insurance firms on hold

In August, Irdai surprised the 55 life and non-life insurance companies in India, when it issued a discussion paper on the need for them to get listed

Andhra floods: Insurers brace for Rs 300-cr claim settlement

The largest state-owned non-life insurer New India Assurance alone is looking at a figure of Rs 15 crore

Insurance marketing firms yet to widen services

IMF is an entity registered by the IRDAI to solicit or procure insurance products

Insurers offer need-based policy

Insurers using data analytics to identify client profiles and behaviours, to cross sell and identify more products

Insurers' new customer watch tool

They are increasingly usingg data analytics to identify client profiles & behavious, to cross-sell and identify more products to offer

Bitter-sweet story for general insurers

LIC turns white knight for PSB capital infusion

UCO Bank said that it would sell 71.7 million shares to LIC on a preferential basis, which could fetch about Rs 270 crore to the bank

Ensure safety of policies with e-account

While your insurer will help you open an e-insurance account at the time of buying a policy, existing policyholders must do so themselves

Demand for political risk cover up

Threats from IS militants, the Syrian conflict and the migrant crisis in Europe are some of the recent risks that have companies worried

Daily enrolments see big drop in Jan Suraksha insurance

This has dropped to 23,150 this financial year (April 1-September 26 period), according to data from the Jan Suraksha website

Bajaj Allianz taps into telematics for car insurance

This is being offered to look into the driving habits and incentivise customers

All you need to know about telematics insurance

This form of device-based insurance uses GPS to measure how much a car runs and the speed that it is run at

20% boost in ticket-size of life insurance policies

Life insurers are now focused on need-based selling across all products

Regulator seeks fuller disclosure from insurers looking to list

This will include embedded value, details on policies, value of new business and their maturity apart from financial information

IndiaFirst Life looks at more bank tie-ups

The private life insurer, has taken part in some of the recent RFPs floated by banks such as IOB towards this end

Reliance Nippon Life bullish on UP market

Insurer to ramp up advisors' network to 25,000 from 15,000 at present