Page 53 - Insurance News

Consolidation era set to begin in insurance sector

Insurance sector currently has 24 life insurance companies and 29 general insurance companies

Consolidation likely now in insurance sector

Insurance Sector has 24 life insurance and 29 general insurance companies, including five standalone health insurers

Max Life, Max Financial Services agree to merger with HDFC Life, boards approve

Industry experts say this could set the ball rolling for more consolidation in the insurance sector

LIC sees improvement in persistency ratios

Overall, persistency ratio of insurance policies from the fourth year onwards is becoming a concern area for life insurance companies.

Minimum shareholding norm may see slew of discussions among insurers

Presently, foreign direct investment of up to 49% is permitted in the insurance sector

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