Page 71 - Insurance News

Aviva to increase stake in Indian business to 49%

With government increasing FDI limit in insurance to 49%, the British insurer wants to cash in on the opportunity

Irdai to hasten online approvals

Aims to clear products within a month; advisory panels constituted for promoting e-commerce

HDFC Life launches term product for CSC channel

It is a non-participating term insurance plan with annual premium as low as Rs 112

SBI Life launches 'Smart Humsafar'

Provides financial protection to husband and wife under a single policy

Irdai looks to simplify approval process for online products

Regulator may introduce a different process of 'file and use' for online products

Jan Suraksha policies can be social sector obligation for insurers

This comes as a big relief to insurers who had sought clarification from Insurance Regulatory and Development Authority of India on this issue

LIC nets Rs 231 cr premium in pension scheme in UP

VPBY is an insurance scheme for senior citizens above 60 years of age and was launched on 15 Aug 2014

New health cover for bank employees to be ready by month-end

As per new wage agreement, employees of all 43 IBA-member banks are to be provided with a health insurance cover by their respective banks

Insurance firm valuations remain an enigma: CII-Towers Watson study

It noted insurers remain upbeat about the sector's prospects

Life Insurance Council gets executive council

Three private insurers' representatives including Reliance Life, Bharti AXA Life, PNB Metlife elected; LIC head to become chairperson

Life insurers pip general insurers on premium growth in June quarter

We will be one of the first insurers to hike stake to 49%: AEGON Asia chairman

Q&A with Douglas Henck, chairman and CEO, AEGON Asia

Barrage of insurance laws to flood industry from Q3

Irdai likely to implement these as early as December

Solvency-II in insurance may take longer to be implemented

Not all players in the Indian insurance sector are ready for a solvency mechanism based solely on risk

IRDAI to announce host of new norms from October

Insurance Laws (Amendment) Act 2015 has made fundamental changes in the way insurance is manufactured, sold and brought

General insurance posts a robust 12.5% growth in Q1

State-owned general insurers collected Rs 12,430 crore premium, while the private sector earned a premium of Rs 9,733 crore

Irdai sets up 3 committees to review regulations in insurance

Irdai tightens norms to check insurance mis-selling by banks

Periodic declarations that no policy was forcefully sold will be given by banks

Life insurance market clocks 20% growth in first qtr

The sector mopped up Rs 23,570 crore during the April-June period riding on group single premium policies

Life insurers oppose mandatory investment of Ulip funds in G-secs

Irdai had proposed a minimum of 25% of Ulip funds be invested in government securities