Page 77 - Insurance News

Life insurance sector may end year with new premium growth

LIC, the largest player, has seen a 40% growth in March 2015 in new premium compared to February 2015

No IPO plan from general insurance firms

Poor valuations, problems in claim ratios, staff opposition for state-run units among issues to be addressed

Insurance industry favours 40-50% hike in 3rd-party motor premium

On March 9, regulator had proposed an increase in the third-party premium, ranging between 14% and 108% from April 1

Indians have misconceptions about health insurance: Survey

The study was conducted to understand how health insurance is perceived, bought and utilised in India

Digitised policies to soon be mandated for high premium policies

Insurance repositories will be involved in the process of maintaining these policies in a digital format

Reserve Bank on loans in areas hit by natural calamity

A National Crop Insurance Programme was implemented from 2013 and loanee farmers are compulsorily covered under this component scheme

LIC sees 40% growth in new premiums in March

Plans to launch Ulip soon; looks at investing in 20-year, 40-year bonds

Overhaul brakes on insurance scheme for poor

Sector players await government's decision on future of Rashtriya Swasthya Bima Yojana

Reliance Life to add 20,000 agents next fiscal

The company has been able to clock new business premium of Rs 1,100 crore in the current fiscal

Global reinsurers entering India to be win-win for customers

To get better pricing, products suited for the market based on global expertise

Insurance next focus area after Jan Dhan: Hasmukh Adhia

'Customer-centric biz way forward for insurance'

The insurance industry was the 16th largest market and was expected to be one of the top 10 markets by 2025

Insurance sector set for upgrade; may get $ 8-10 bn in FDI

Analysts are upbeat about the growth in the sector and expect a number of IPOs and M&A deals

Motor insurance loss likely to be steeper from FY16

The regulator has made it mandatory for insurers to have a minimum percentage of motor third-party business underwritten

New Irdai guidelines to make life tougher for insurance agents

The new guidelines, with higher penalties and more onus on selling based on the requirements of customers, will be effective from April 1

Insurers must do minimum motor TP business: Irdai exposure draft

Says insurers should underwrite such minimum percentage in 90 per cent of the overall motor TP insurance business premium

'Indian management control' clause still grey area for insurers

Insurance industry unsure about the limits of so-called control clause and what it entails for foreign investors

AEGON Religare Life Insurance launches digital campaign

The campaign consisting of four long-format films looking at the way in which Indians view life and death

Insurers to pay up to Rs 1 crore penalty for violation by agents, says IRDAI

This rule is part of the final guidelines for appointment of insurance agents that IRDAI came out with

Insurers get ready for barrage of new regulations

Seek more adoption time from IRDAI