Page 64 - Insurance News
General insurers to pay Rs 2,500 cr worth claims in Chennai
Sets up special camps to support policyholders
 "General insurers to pay Rs 2,500 cr worth claims in Chennai")
 "FDI hike in insurance will help deepen penetration: Vijayan")
Insurance claims: Pending claims at ombudsman office a thing of the past
Number of complaints coming to Ombudsman has seen a reduction
 "Insurance claims: Pending claims at ombudsman office a thing of the past")
Irdai tweaks norms for insurance marketing firms
Insurance marketing firms can procure policies of two life, non-life, health insurers each
 "Irdai tweaks norms for insurance marketing firms")
Senior posts vacant in general insurance biz
These include post of chairman and managing director at National Insurance Company
 "Senior posts vacant in general insurance biz")
IRDAI relaxes claims process for Chennai floods
Sector regulator asks insurers to appoint nodal officers
 "IRDAI relaxes claims process for Chennai floods")
Aegon Religare renamed Aegon Life Insurance
Bennett, Coleman and Company will increase its stake by acquiring Religare Enterprises's entire shareholding
 "Aegon Religare renamed Aegon Life Insurance")
AIA to increase stake in Tata AIA Life to 49%
This will be through the purchase of a 23 per cent stake in the company. The size of the deal was not disclosed
 "AIA to increase stake in Tata AIA Life to 49%")
Foreign reinsurers question Irdai proposal
Foreign reinsurers are also planning to take up the matter with the regulator
 "Foreign reinsurers question Irdai proposal")
IIB launches ROHINI to ease inefficiencies in claim settlements
ROHINI will help avoid duplication since every hospital will have one unique identity number
 "IIB launches ROHINI to ease inefficiencies in claim settlements")
Interpretations on life claim rejection clause vary
Section 45 in new Bill says no claim can be repudiated after three years of policy being in force
AIA group to raise stake in Tata AIA Life Insurance to 49%
Financial details not disclosed; completion of transaction subject to regulatory and govt approvals
 "AIA group to raise stake in Tata AIA Life Insurance to 49%")
Portal for health insurance plans info
T S Vijayan will launch tomorrow a portal 'Registry of Hospitals in Network of Insurers'
 "Portal for health insurance plans info")
Size of terror risk insurance pool might touch Rs 1,800 cr
Size of the pool, that has grown to Rs 1,500 cr plus, may even go up to Rs 1,700-1,800 cr
Sun Life to buy 23% more of Birla Sun Life
Its current stake in the JV is 26%; Birla Sun Life is valued at Rs 7,235 cr
 "Sun Life to buy 23% more of Birla Sun Life")
Chennai flood insurance claims estimated at Rs 500 cr
Motor insurance would account for largest amount of claims followed by machinery and production loss claims
 "Chennai flood insurance claims estimated at Rs 500 cr")
AXA hikes stakes in ventures with Bharti
In May, FIPB had approved AXA's proposal to increase stake in its life and general insurance JV
 "AXA hikes stakes in ventures with Bharti")
Irdai grants lifeline to general insurance firms
It is a common practice for car makers to tie up with insurers to set up 'preferred car insurance companies'
Insurance sales via kirana stores takes backseat
Irdai extending timelines for kiranas to acquire skills to sell insurance after insurers express worries about specialised nature of products
 "Insurance sales via kirana stores takes backseat")
Insurers can't invest in risky bonds: Irdai
Says it has not allowed insurers to invest in additional Tier-1 capital bonds
 "Insurers can't invest in risky bonds: Irdai")