Page 79 - Insurance News

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

Rs 50,000 cr bonanza for life insurance industry

Insurance experts say that this money can be raised in next three years; top five can make gains of Rs 20,000 cr

Insurance industry welcomes new law freeing agency commission

The new Insurance Act empowers Irda to finalise the agency commission structure

Insurance Bill gives chance to promoters to unlock value through FDI hike

PSBs to raise money by divesting capital; talks begin for fair valuation

Shriram Life considering fresh FDI to fund business expansion

Sanlam, the South African financial services group, is keen to increase stake in Indian JV

Star Health Insurance plans to raise around Rs 400 crore

Development comes a day after Rayja Sabha passesd the insurance bill

Insurers set the ball rolling on foreign stake hike

Bharti will move FIPB soon for increasing Axa's stake to 49%, Reliance Cap to begin talks with Nippon

Temasek, Carmignac said to be in talks for ICICI insurance stake

The lender plans to complete the pact to sell about 5% of ICICI Prudential Life Insurance by March-end

Life Insurance Corporation launches Jeevan Lakshya

The plan offers a combination of protection and savings

IRDAI proposes 14-108% rise in motor third party premiums

Private cars may see 29-108 per cent hike in TP premiums, two-wheelers could see 14-32% hike

Tata AIA life Insurance launches 'Smart Growth Plus'

Smart Growth Plus offers a guaranteed addition of 5.5% of sum assured per annum during the first five years of the policy term

ICICI Prudential Life launches ICICI Pru Smart Life

The product offers a dual protection feature through Smart Benefit

Double whammy for insurance policyholders

Service tax introduced on insurance premiums last year will be hiked to 14%; GST implementation will lead to steeper hikes in premium

IRDAI considering multiple insurer tie-ups for banks

Industry sources said that this is to ensure that banks are not dissuaded from opening up their branch network to other insurers

IRDAI approves Trevor Bull as MD & CEO of Aviva India

Bull has over 35 years of experience in insurance industry across Asia and Europe