Page 50 - Insurance News

Muthoot Finance gets upgradation in rating for long term debt: ICRA

Long term debt rating covers debt instruments of above one year

Policy sales through CSCs still low

Insurers say mere collection and remittance of premium itself costs more money than allowed by the regulator

Apollo Munich cuts policy issue time to 7 minutes

Firm said to be relying on app, Ampower, to simplify the sale process and make turnaround faster

After new norms, FDI flow at Rs 16k cr: Irdai chief

This, after the FDI limit has been raised to 49% from existing 26%

Irdai plans to make insurers' listing a must

General, life insurers with 8 & 10 yrs in biz, respectively, may have to list

Insuring success

The landscape of bancassurance promises to be shape-shifting, post Max Life-HDFC Life merger

SBI Life embedded value at Rs 12,999 crore

The company reported net profit of Rs 215 cr for the first quarter of FY17

Behind the scenes: The making of India's largest private insurer

Max Life was busy scouting for insurers it could buy. Then, HDFC Life happened

Individual versus family floater policy

3:7 swap ratio for Max, HDFC Life merger

Transaction to be completed in 12 months; combined entity to be worth around Rs 65,000 cr

Fraud claims leave life insurers in a fix

Section 45 which says that no claim can be rejected after three of the life insurance policy being in force still remains a bone of contention among insurers

Bajaj Allianz Life looks at new bank tie-ups to boost growth

At present, it only has a tie-up with Dhanlaxmi Bank as a bancassurance partner

Open architecture of bancassurance now a reality in insurance

This, especially after LIC signed an agreement with Axis Bank as its bancassurance partner last week

Canara HSBC OBC Life launches iNVESTSHIELD plan

The plan has a 'premium funding' option where in the event of life insured's death, apart from benefit payout, insurer funds remaining premiums for the term

ICICI Lombard announces private placement of subordinated debt

Raises Rs 485 cr via 10-year NCDs, at an interest rate of 8.25%

Settling death claims to become faster

Certain insurers have set up a process of paying interest if claims are not addressed within the minimum guarantee period

An insurance pool to cover natural disasters?

Losses likely to be high this financial year, due to a spate of floods across north and east India

LIC-Axis Bank tie-up for bank to sell insurance products

Creates one of the largest Bancassurance partnerships in India

LIC signs up Axis Bank as bancassurance partner

In preliminary phase, bank will distribute LIC's life insurance products across its branches

Health insurance pricing freed after 3-yr lock-in

The regulator has said that after three years, the premium can be revised by the insurer depending on the experience