Page 74 - Insurance News

IRDAI to clarify on Indian promoter's FII Holdings for insurance JVs

Foreign equity investment cap of 49% is applicable to all Indian insurance companies

Cyber insurance sees growing demand among corporates

Cyber-crime zoomed 350% in the three years between 2010 to 2013

HDFC Life launches cancer care health plan

Offers a fixed lump sum benefit on diagnosis of early and major stages of cancer

LIC gets nod to operate in Bangladesh

IRDAI removes cap on business from one insurer for banks

Currently, banks are allowed to tie up as a corporate agent with one life, one non-life and one standalone health insurer

GIC Re posts 19.5% growth in net profit at Rs 2,694 cr

Gross premium income up 3.4% at Rs 15,183 crore in FY15

IRDAI says all insurance policies can be digitised

Basic facilities for policyholder would be free, premier services to be charged

IRDAI asks insurers to maintain claims, policy records in electronic format

Insurance regulator intends to support electronic maintenance of policy and claims records

Edelweiss Tokio Life Insurance files FIPB application for foreign stake hike to 49%

Edelweiss Tokio Life Insurance is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings

Irdai to get two new members

P J Joseph top contender for post of member non-life

Expert panel suggests health insurance premium raise be linked to retail inflation

The expert panel has suggested the CPI+3 formula be a cap and an insurer should be allowed to increase up to this limit

Swiss Re looks for closer collaboration on health insurance with govt, regulator

With 58% healthcare spending out of pocket in India, economic costs of bad health to go up

Stable outlook ratings a must for foreign reinsurers eyeing India branch: IRDAI

Insurance regulator stipulates that applicant should have minimum net owned fund of Rs 5,000 crore at any time

SBI General posts 33% rise in premium for FY15

During the last fiscal, the insurer generated 70% of its business from the retail segment

Insurers promote healthy life among customers, employees

Apart from ensuring that its customers are healthy, insurers are instilling a sense of good health among their employees too

Earthquake panic leads to surge in insurance enquiries

Industry says that awareness remains a big problem

Private general insurers slow to adopt PM Suraksha Bima Yojana

A total 28 non-life insurers are registered with the sector regulator IRDAI, a majority of which are private players

Panel suggests a new disclaimer for use in insurers' ads

Wants greater transparency to enable policy holders to understand boundaries of coverage in their policies

Irdai mulls open pool for insurance agents

Agents could be trained and be part of a common pool for the industry

Panel on health insurance wants 5-year products on pilot basis

These products would cover risks otherwise generally excluded today, with option to renew or not after 5 years