Page 52 - Insurance News

DHFL Pramerica Life Insurance launches pure online health plan for Dengue

The company looking to expand in health insurance space with online products that are mass market and affordable for customers

Minimum shareholding of promoters in insurance venture to be 50% at all times: IRDAI draft

Norms applicable to those who have listed their equity shares or are in process of getting shares listed in relation to transfer of shares

Coverage, price dominate buying decision in health, home insurance: survey

The fear of theft is driving the home insurance buying in Indian cities, says Liberty Videocon General Insurance survey

Panel set up on risk-based capital norms in insurance

Insurers say India isn't ready from an accounting perspective for solvency these norms, which are to insurers, what Basel-III is to banks

Future Generali launches online travel insurance policies

The benefits include cashless claim settlement, universal international free phone number, worldwide emergency, medical and travel assistance

More, tighter norms proposed for web aggregators in insurance

Insurance regulator says these aggregators would be treated as insurance intermediaries

IRDAI to meet to accord approval to foreign reinsurers

Regulator has received six applications by foreign reinsurance majors for permit of direct business

Star Health ties up with Bank of India for bancassurance

Tie-up to enable Star Health to leverage BOI branches network and huge customer base

Lloyd's to set up India reinsurance branch in 2017

John Nelson, Chairman of Lloyd's, said that they intend to begin small in India and would start off with a few syndicates and managing agents

Pension product numbers dwindle at life insurers

Additional tax incentives were introduced for NPS in Budget, none were provided for pension policies from insurers

Insurance via e-commerce to make insurance cheaper for customers

This will be done through a self-network platform

Housing financiers on a high

Loans against property and affordable housing are seeing good traction, despite a slowing real estate market

HDFC Ergo buys L&T Insurance for Rs 551 crore

First such consolidation in India's general insurance sector

HDFC completes 22.9% stake sale in HDFC ERGO to foreign partner

The foreign partner has paid Rs 1,122 cr for the additional stake

Life insurers' products cross 600 in FY16

This rose from 516 products as on March 31, 2015, according to data from Life Insurance Council

ICICI Pru Life appoints BoFA ML, ICICI Sec as lead bankers for IPO

The company, a joint venture between ICICI Bank and Britain's Prudential, plans to file its offer document with market regulator Sebi by the end of this year

Govt weighing proposals of 4 PSU insurers for Fasal Bima Yojana

Currently, Agriculture Ministry has empanelled 11 private sector companies and state-owned Agriculture Insurance Company to implement PMFBY

India drops from top three in Million Dollar Round Table

Membership to MDRT is based on agent productivity and includes criteria for commissions and premium

Heavy discounts in insurance to come under scanner

Regulator has now come up with new set of norms for maintaining solvency ratio by insurance companies based on each line of business

Bajaj Finserv posts Rs 517.9-cr net profit in March quarter

This was on account of transfer of policyholders' surplus to shareholders' account by Bajaj Allianz Life Insurance