Page 50 - Insurance News
Watch: New India Assurance aims to launch IPO by September
May be first pure general insurer to go public; Will comes out with both, OFS and fresh issue
 "Watch: New India Assurance aims to launch IPO by September")
Business Standard Insurance Round Table 2017: Top 10 highlights
Find out what the panellists had to say on demonetisation, crop insurance and industry growth
 "Business Standard Insurance Round Table 2017: Top 10 highlights")
Despite huge investments, PSU insurance firms face financial constraint
National Insurance and Oriental Insurance have solvency ratios below the required 1.5%
 "Despite huge investments, PSU insurance firms face financial constraint")
Liberty Videocon General Insurance to tap bancassurance to boost growth
The company is looking at Rs 1,000 crore premium collections in next two years, says MD
 "Liberty Videocon General Insurance to tap bancassurance to boost growth")
Employees ready to pay for insurance facilitated by employer
Insurance provided by employer offers better coverage, claim recovery and cost efficiency
 "Employees ready to pay for insurance facilitated by employer")
Listing will take seven to eight months: K Sanath Kumar
K Sanath Kumar, chairman and managing director of National Insurance spoke to Namrata Acharya
 "Listing will take seven to eight months: K Sanath Kumar")
Reliance HF eyes equity offering
Reliance Capital would retain 51% stake in the separately listed venture
 "Reliance HF eyes equity offering")
Life insurers' first-year premium up 28% in January
There are 24 life insurers in the country, of which only one LIC, is state-owned.
 "Life insurers' first-year premium up 28% in January")
LIC hikes gratuity to Rs 3 lakh to retain fleeing agents
So far, the corporation has added 45,000 agents on a net basis this year
 "LIC hikes gratuity to Rs 3 lakh to retain fleeing agents")
ICICI Prudential Life Q3 net up 3.3% at Rs 450 cr
Net premium income of company rose 28.9% to Rs 5,698 crore during third quarter of 2016-17
 "ICICI Prudential Life Q3 net up 3.3% at Rs 450 cr")
Fairfax may sell 25% of ICICI Lombard
ICICI Lombard is a JV formed in 2001 between ICICI Bank, India's second-largest bank, and Fairfax
 "Fairfax may sell 25% of ICICI Lombard")
HDFC Life's profit up by 10% in April-December period
Net profit stood at Rs 645 cr
GIC Re, 4 other insurers to be listed soon on bourses
Jaitley-Gadkari panel delegated authority to clear further details
 "GIC Re, 4 other insurers to be listed soon on bourses")
Cabinet clears proposal for listing 5 public sector general insurers
The government's holdings in these companies will be brought down to 75% from 100%, Jaitley said
 "Cabinet clears proposal for listing 5 public sector general insurers")
Irdai's protection to a few reinsurers riles industry
Implements the controversial guideline allowing first right of refusal to select players
 "Irdai's protection to a few reinsurers riles industry")
Bajaj Allianz General launches mobile-based settlement system
Customers can instantaneously submit digital documents through company's self-service mobile app
 "Bajaj Allianz General launches mobile-based settlement system")
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
 "Royal Sundaram General eyes 25% biz from accident,health cover")
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
 "Indian insurance sector to grow significantly in coming yrs: Report")
SIDBI ties up with LIC for capital support to enterprises
SIDBI and LIC had signed a MoU to supplement funds under India Aspiration Fund
 "SIDBI ties up with LIC for capital support to enterprises")
Insurance firms, banks rush to invest in small finance banks
At Ujjivan, insurance companies hold 9.75% stake as on September 30, 201