Page 58 - Insurance News

Long-term 2-wheeler motor policies a hit with customers

Irdai has allowed insurers to bring out long-term two-wheeler policy (both liability alone & package) for a maximum of three years

Organised crime touches new high in insurance

Gangs tie-up with former insurance sector employees to understand how claims process exactly works

Kidney claims highest among youngsters: ICICI Lombard

From 2011-2015, the insurer's internal claims data showed that maximum claims are from the age group of 19 years and 25 years

NIC expects Rs 12,000 cr income from premium during FY16

During FY15, the company's premium income stood at Rs 11,235 crore, up by nearly 10%

What ails India's public sector insurance firms

In Budget, FM announced plans for listing of four PSU general insurance firms; except for New India Assurance, none of the other three is in position to get Sebi nod unless Irdai steps in

SBI Life unveils women centric life insurance plan

Plan provides for life cover, savings and female specific critical illness benefits

New Irdai norms to ensure faster growth of general insurers

Norms come into force from April 1, will allow marketing of corporate products even before regulatory nod

Birla Sun Life moves to cluster method to get better sales, higher persistency

Company sets up innovation lab to bring better solutions

Third-party motor insurance premium to go up by 9-30%

IRDAI regulates third party motor premium that is revised each year based on inflation and claims

Much preparation ahead for listing state-owned general insurers

It is anticipated that New India, which is among the largest in the public sector, could be the first to be taken to the listing path

Budget 2016: Kejriwal says middle class 'cheated', farmers deprived

He said the budget has nothing for farmers in distress who are committing suicide

Budget 2016: Govt to launch health insurance for senior citizens

Scheme will offer a health cover of up to Rs 1 lakh, with a top-up of Rs 30,000

LIC remains white knight in disinvestments

The state-owned insurer's stake has increased by 3.9 percentage points to 12.98% in NTPC

Motor claims still on higher side

Overall, the net incurred claims of non-life insurers stood at Rs 55,232 crore in 2014-15 against Rs 49,179 crore in 2013-14

Rail Budget 2016: Optional travel insurance may offer personal accident cover, theft cover

In the cover that will be offered, it is anticipated that personal accident will be a big element

Low awareness among employees about health cover benefit: survey

Only 19% know of all benefits in a group health plan; only 8% find sum assured adequate

E-policies made compulsory for most categories

In some cases, like motor insurance, the government needs to first recognise these

Budget may unveil health insurance scheme for elderly

About Rs 10,000 cr unused funds would be utilised for providing health insurance cover to the elderly

Insurers can speed up products for corporate clients

This is on the back of IRDAI decision to help general insurers to sell products under use-and-file procedures

PE fund KKR takes a 9.95% stake in Max Financial Services

Buys shares of the newly demerged entity from promoter Analjit Singh