Page 69 - Insurance News

Irdai to make listing a must for large insurers

SBI Life, ICICI Prudential Life and HDFC Life could lead the way

Will direct any life insurer to list if needed: Irdai draft doc

Such company shall within a period of one year from the date of such direction comply with direction issued

'Link CEO/MD salaries to risk'

For GILT-ETFs, invest in actively traded g-sec basket: IRDAI

Regulator says GILT-ETFs issued and managed by mutual funds to be at par with GILT/government securities

EPFO panel approves raising insurance cover to Rs 5.5 lakh

These proposals will be placed before the Central Board of Trustees' in its meeting scheduled on Sept 16

GIC Re seeks clarity on 'national' reinsurer status

Officials say once new entities enter reinsurance, it is not clear what the future of mandatory risk ceding will be

Irdai on policies in electronic form

SBI Life launches CSC product

It is a non-linked, non-participating, variable insurance plan with twin benefits of life insurance cover and savings

Irdai sets up committee on motor vehicle database sharing model

The regulator said that IIBI would obtain data from national level entities such as Aadhar

Life insurers' risk cession to GIC on hold

IRDAI had brought out regulations in 2013 asking life insurers to transfer part of their risks to GIC Re

EPFO likely to raise maximum insurance cover to Rs 5.5 lakh

Proposal to raise insurance benefit for over 6 cr subscribers of EPFO will be put up for approval of Pension and EDLI Implementation Committee on Sept 9

Persistency beyond fourth year remains a challenge for life insurers

Getting customers to stay invested beyond the fifth year has been an issue

Experian's Hunter to detect life insurance fraud

The credit info company looking to offer similar services to general insurers as well

Common service centres to increase cost for insurers

Apart from cost concerns, insurers are also worried about using this channel as it deals with cash

Deficit monsoon hits LIC's new premium income

Business contribution of urban and rural areas to LIC is roughly in the ratio of 60:40%

5 things to know before buying a life insurance policy

Ask for clarification on investment products before investing rather than after putting money

E-insurance may become mandatory for all policyholders

Those opting for paper-based policies may have to pay in future

Irdai to allow insurers to invest in GILT-ETF

Would invest in a basket of government securities actively traded in the market

Festive season to lift motor insurance sales

The sector could witness a growth of upwards of 20%, aided by new product launches in the two-wheeler and four-wheeler space: experts

Irdai allows insurers to issue preference shares with some conditions

Says instruments must have been issued and paid-in in cash