Page 55 - Insurance News
Over-the-counter product norms for insurance soon
Once the norms are approved, insurance companies will be able to sell simple products without lengthy forms or documentation
 "Over-the-counter product norms for insurance soon")
SBI Life ends FY16 with highest market share gains
LIC reported positive growth in APE for the first time in the past six years
BoB, Max Bupa go for bancassurance tie-up
Max Bupa to offer its comprehensive health insurance to Bank of Baroda's customers across the country
 "BoB, Max Bupa go for bancassurance tie-up")
ICICI Pru, HDFC Standard plan to raise $1 bn in IPOs
As insurance companies rush to take advantage of a change in ownership rules
 "ICICI Pru, HDFC Standard plan to raise $1 bn in IPOs")
SBI Life Insurance IPO only after 2016-17
The valuation would be based on the performance in 2015-16
 "SBI Life Insurance IPO only after 2016-17")
Aviva Plc raises stake to 49% in Indian venture
Aviva bought additional 23% stake for Rs 940 cr
 "Aviva Plc raises stake to 49% in Indian venture")
Aviva takes an extra 23% stake in India JV partner Dabur Invest
Insurer Aviva has taken an additional 23% share in Aviva Life Insurance Company India from joint venture partner Dabur Invest Corp
 "Aviva takes an extra 23% stake in India JV partner Dabur Invest")
 "ICICI Bank approves IPO for life insurance unit")
Insurers partner small banks to widen reach
They are tying up with co-op banks, MFIs and small finance banks in order to sell their products through touch points of these institutions
 "Insurers partner small banks to widen reach")
AIA hikes stake in Tata AIA Life to 49%
The value of the transaction is Rs 2,055 crore for the additional 23% stake
 "AIA hikes stake in Tata AIA Life to 49%")
CignaTTK to woo'healthy' customers
The insurer has launched a personal health wallet with an aim to motivate people to not only buy health insurance but also stay fit
 "CignaTTK to woo'healthy' customers")
Few overdrafts, fewer insurance claims
Of the 215 million new accounts opened, only 1.8 million have availed of overdraft facilities
 "Few overdrafts, fewer insurance claims")
We are looking at tying up with small finance banks: Manoj Jain
Interview with managing director, Shriram Life Insurance
 "We are looking at tying up with small finance banks: Manoj Jain")
Insurers see slower growth in individual premiums
Those with bank promoters or bancassurance pacts with large banks have been at an advantage compared to those without such partners
 "Insurers see slower growth in individual premiums")
HDFC Life dusts off listing plan
HDFC announced on Tuesday that it had initiated the process for an IPO in HDFC Life, by offloading 10% of its stake
 "HDFC Life dusts off listing plan")
HDFC: Value unlocking triggers ahead
The forthcoming IPO of HDFC Standard Life will lead to higher value unlocking for the company
 "HDFC: Value unlocking triggers ahead")
Insurance agents crashing out
The life insurance sector has faced a challenge of agents leaving the profession
 "Insurance agents crashing out")
IRDAI to allow foreign reinsurers to open branches soon
Regulator has been processing applications of four foreign firms that want to open branches in the country
 "IRDAI to allow foreign reinsurers to open branches soon")
Life insurers lose 51,000 agents in FY16
Data shows that tLIC saw 1,02,044 agents exit in FY16 while its private counterparts made an addition of 50,766 agents
 "Life insurers lose 51,000 agents in FY16")
Insurers use drones for crop yields
Await go-ahead signal from ministry of agriculture for their use
 "Insurers use drones for crop yields")