Page 52 - Insurance News

Irdai asks insurance cos details of social sector biz

Life insurers have to file number of lives covered under social sector in reporting financial year

New FDI rules: Liberty Videocon Gen Insurance to get Rs 310 cr

The joint venture is between India's Videocon Industries and Liberty Citystate Holdings Pte, part of the US-headquartered Liberty Mutual Insurance Group

Tie-up with repositories for e-insurance optional

E-insurance would become mandatory for annual premiums equal to or above Rs 10,000

Life insurers see 14% growth in ticket size

Average ticket size rises to Rs 17,952 in April-May period of this fiscal against Rs 15,774 in the same period last fiscal

RGA looks to capture life insurance reinsurance market in India

It received the R1 or initial approval to set up a branch in India yesterday

Life insurers sees 14% growth in average policy ticket size

Private life insurers had a higher average ticket size than LIC

One Touch Response to launch safety plans with PolicyBazaar.com

Family Safety Plan is priced at Rs 2,999 and includes a 12 month subcription of OTR's 24X7 on-demand safety and assistance service

Insurance penetration rises to 3.4% in FY16

Global insurance premiums grew by 3.8% in real terms in 2015, amidst variations in regional growth rates

Assess resilience of reinsurers for risk concentration: RBI

Apart from this, the report also suggested offering green insurance as a cover to help in internalisation of environmental costs by the companies

ICICI Lombard's 2-wheeler policy reaches milestone

The product allows two wheeler owners to purchase a policy with a longer duration cover of two or three years

Insurance repositories may see muted business in initial phases of digitisation

This is because insurers aren't required to tie-up with them to issue e-policies

ERGO to hike stake in HDFC ERGO to 48.74%

Pays Rs 1,122 cr for stake valuing company at Rs 4,900 crore

Indian promoters gain more stronghold in insurance ventures

After the new Insurance Act, foreign partners may not want to continue

Insurers make hay while markets drop

They are buying into equities as key indices drop, following Brexit

BigDecisions ties up with Edelweiss Tokio Life

BounceBack, the initiative will create awareness around the need for critical illness insurance in India

Bank of India sells 18% stake in Star Union Dai-ichi Life

According to sources, value of the transaction is Rs 540 crore, valuing the company at Rs 3,000 crore

E-insurance mandatory for Rs 10,000 or above annual premium in life insurance: Irdai

New norms from October 1; sales to be made using e-proposal form similar to physical form approved by regulator

Exide Life Insurance signs Mahendra Singh Dhoni as brand ambassador

Dhoni will feature in the Exide Life Insurance marketing campaign starting June 22

Fresh round of talks likely to take place for insurers

Irdai rule says, for listed insurers, minimum shareholding by the promoters should not be below 50% of the paid-up equity capital

HDFC, Max to merge life insurance arms

Combined entity to be country's largest private sector insurer