Page 76 - Insurance News
Bharti's insurance ventures' valuation grows mutliple times
Valuation of stake grew 10 times in general insurance and 21 times in life insurance
 "Bharti's insurance ventures' valuation grows mutliple times")
'Motor products get highest preference online in non-life insurance segment'
The finding was part of a joint report by Google India and ICICI Lombard General Insurance
 "'Motor products get highest preference online in non-life insurance segment'")
Canara Bank ties up with LIC to launch insurance schemes
Pradhan Mantri Jeevan Jyoti Yojana will be launched nationwide on May 9
 "Canara Bank ties up with LIC to launch insurance schemes")
Star Union Dai-ichi Life achieves breakeven in sixth year
Insurer's maiden profit in FY15 stands at Rs 13 cr; new premium business up 12% at Rs 630 cr
 "Star Union Dai-ichi Life achieves breakeven in sixth year")
Tata AIA Life launches money back plan
Plan offers protection solution including built-in double coverage for accidental death
 "Tata AIA Life launches money back plan")
LIC ups its stake in NMDC by 2% at Rs 1,116.17 cr
Govt as promoter company owns 80% equity in NMDC
 "LIC ups its stake in NMDC by 2% at Rs 1,116.17 cr")
Transfer of shares in insurers that leads to shareholding change not allowed: IRDAI
The regulator said that they would conduct their own due diligence for approval of such a transfer
 "Transfer of shares in insurers that leads to shareholding change not allowed: IRDAI")
Jan Suraksha: Claim servicing may be a challenge
The plans have a cover of Rs 2 lakh each, with a premium of only Rs 12 a year for accident insurance and Rs 330 for the life product
 "Jan Suraksha: Claim servicing may be a challenge")
Natural catastrophe pool still remains a distant dream
Currently, India doesn't have a single cover for all catastrophic incidents
 "Natural catastrophe pool still remains a distant dream")
 "New India Assurance to focus on health, motor portfolios")
Aegon Religare Life Insurance to expand portfolio through riders
Will focus on direct sales channel, digitalisation
 "Aegon Religare Life Insurance to expand portfolio through riders")
Insurers to ramp up teams for grievance redressal after Irdai whip
Irdai has asked insurers to handle policyholder grievances with seriousness, promptness and empathy to enhance the trust and confidence in the insurance sector
 "Insurers to ramp up teams for grievance redressal after Irdai whip")
Nepal quake: Major insurance claims from property damages expected
Insurers begin surveys; easier claim payouts to be facilitated
 "Nepal quake: Major insurance claims from property damages expected")
Insurers, banks oppose mandatory cap on business from one insurer
Irdai has said no corporate agent can get more than 90% business from one insurer in life, non-life or health in their first year of operation
M Nagaraja Sarma to head Health Insurance TPA of India
TPA to begin operations from 1 July, 2015
 "M Nagaraja Sarma to head Health Insurance TPA of India")
Maharashtra ropes in Swiss Re to streamline crop insurance schemes
Proposes village level surveys to assess crop loss instead of circle level through satellite imaging
 "Maharashtra ropes in Swiss Re to streamline crop insurance schemes")
RSBY customers left in limbo; uncertainty prevails over future of scheme
Uncertainty prevails over future of scheme
 "RSBY customers left in limbo; uncertainty prevails over future of scheme")
Coverfox.com raises Rs 75 cr in Series-B from Accel, SAIF partners
Coverfox had earlier raised $2 mn in a Series-A round from Accel India and SAIF partners
 "Coverfox.com raises Rs 75 cr in Series-B from Accel, SAIF partners")
 "Dena Bank, Union Bank tie up with insurers for social schemes")