Page 49 - Insurance News

Life insurers' health portfolio might see slump

IRDAI has said that a life insurer cannot offer indemnity-based products in either individual or group segment

Star Health eyes Rs 2,800 cr gross written premium this fiscal

Company will focus on retail customers and not group policies and is looking at covering around 90 lakh people this year

PNB MetLife looks to expand its digital channel presence

Plans to engage customers through games and storage services

LIC unveils new money-back plan to mark diamond jubilee

Plan is available for sale until August 31, 2017

Final nod for global reinsurers' branches likely by January 2017: IRDAI chief

For the final R3 approval, reinsurers will be required to bring in capital to set up a branch after the second state of approval, which is likely in October, T S Vijayan said

V K Sharma gets additional charge as LIC chairman

Few months ago, current chairman S K Roy had written to the government to relieve him of his duties; reason remains unknown

Over 50 lakh passengers opt for train travel insurance

A person booking a train ticket through the IRCTC website will be able to opt for travel insurance cover for a premium of 92 paise only

ICICI Pru Life to focus on pure term policies

Company officials said that according to estimates insurance penetration is very low and the situation is much worse for pure term

Private insurers wait for premium hikes to enter Jan Suraksha schemes

They are still waiting for the pricing of the product to improve, so that it can be sustainable on a long-term basis

ICICI Prudential promoters to dilute 6% more in next 3 years

Dilution will be done to meet the 25 per cent minimum public float

Prudential to cut stake in ICICI insurance biz to 20%

ICICI Bank will bring down its stake in ICICI Prudential Life Insurance to 54% (down from 67.52% as of Sep 7) over three years

Not ready, plead insurers on compulsory listing

Insurers are sending their views through their councils, asking that this be made optional

HDFC Ergo eyes 45% sales growth post-merger

The general insurance company has recently completed acquisition of L&T General Insurance

Cabinet readies for listing of PSU insurance firms

A note is being prepared for the listing proposal to be presented before Cabinet

LIC coffers swell by Rs 10,000 crore as automobile stocks zoom

Value of holding in five auto companies up 32% to Rs 42,000 crore since April

Insurers strive to meet e-policy deadline

Firms, repositories have to give e-document to customers by October 1; transition will be smooth, they claim

Mumbai mandals secure bumper insurance for Ganesh Chaturthi

Total event insurance worth Rs 500 crore covers public liability, terrorism, fire, money and personal accident

LIC Nagpur division settles claims of Rs 58 crore in FY17

The life insurance behemoth is celebrating its diamond jubilee this year

LIC to fill posts for 2 MDs, still to name its chairman

Government had cancelled the post of the fourth MD, the move came even after it interviewed five EDs for the same a year ago

Pvt life insurance companies register 13% growth in APE in July

According to a report by Kotak Institutional Equities, Bajaj Life Insurance, ICICI Prudential Life and SBI Life have delivered more than 10% growth