Page 75 - Insurance News

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

IRDAI says non-linked policies to not lapse

To be kept in-force to extent of sum assured

Few takers for Jan Dhan overdraft

So far, the overdraft facility has been sanctioned in only 40,000 accounts, and only 8,000 have availed of it

Telematics devices for cars see drop in prices

Telematics is a Western concept that was introduced to understand the usage of the car including the speed at which it is being driven

Bajaj Allianz Life to bring down Ulip portfolio

Pvt players outshine even as life insurance industry faces a slump

LIC, saw a drop in premiums, on the back of having lesser number of products than what they had in the previous fiscal

India to have regional insurers soon

But high capital requirement may dissuade new entrants

No investor in insurance company can hold more than 10% of equity capital: IRDAI

Investors jointly cannot hold more than 25% of paid-up equity share capital of the insurance company

Insurers to increase rural, social sector business as they grow older in industry: IRDAI

As per rules, every insurer, who begins to carry on insurance business has to ensure that it undertakes social, rural sector obligations

Maha tops in non-life premium, Delhi number one in insurance density

New Delhi had mobilised premium of around Rs 5,000 crore and has got the highest insurance penetration of 1.34% and density of Rs 3,228 in 2013-14

Stake dilution in SBI Life to be finalised in 3-4 months

Last month, SBI decided to divest up to 10% stake in its life insurance venture

Insurers keeping away from perpetual bonds

Insurance companies also say that as the instruments are a mix of debt and equity, they are not comfortable investing in them

Banks enrol 63 mn people under Jan Suraksha schemes

Among banks, SBI has highest enrolments at 16.8 million

Customer loyalty has improved in insurance: IMRB International study

Findings show that compared to other channels like Bancassurance, customers who bought through agents have weaker perceptions about the companies

Swiss Re appoints Kalpana Sampat as Principal Officer and Managing Director

She served 15 years as chief of Customer Service and Operations at ICICI Prudential Life Insurance

BCCL to buy out Religare stake in life insurer

Bennett, Coleman and Company Limited has been a stakeholder in the life insurer ever since its inception in 2008

Deepak Iyer appointed as MD & CEO of Bharti AXA General

He is expected to join by June-end

Irdai proposes to tighten registration norms

According to the draft, new companies being registered will need to comply with the provision of "Indian owned and controlled"

Jan Suraksha: Social security for masses, pricing woes for insurers

Insurers and banks have said they won't be able to earn significant revenue from these schemes

One year on, e-insurance still to catch up

Not even 10% of all policies in the industry have been digitised, due to resistance from both, industry players and customers