Page 80 - Insurance News
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 considering multiple insurer tie-ups for banks")
IRDAI approves Trevor Bull as MD & CEO of Aviva India
Bull has over 35 years of experience in insurance industry across Asia and Europe
 "IRDAI approves Trevor Bull as MD & CEO of Aviva India")
IBA, insurers to meet soon on new insurance, pension schemes
The Budget had announced three schemes related to insurance and pension
 "IBA, insurers to meet soon on new insurance, pension schemes")
Spouse, father decide on health insurance for most women: ICICI Lombard survey
Only 39% women hold a health insurance policy, 48% say they don't have one, while 12% are not sure
 "Spouse, father decide on health insurance for most women: ICICI Lombard survey")
Insurance marketing firms to enable cross-selling products to BFSI customers
Companies say that existing insurance agents may also look at it as alternate career
 "Insurance marketing firms to enable cross-selling products to BFSI customers")
LIC south central zone hopes to achieve business target
This year's business target for the region is of Rs 4,850 crore
 "LIC south central zone hopes to achieve business target")
Govt for Rs 15-lakh cap on accident victim's insurance claim
At present, the compensation liability of insurance companies is subjectively decided on a per case basis by Motor Accident Claim Tribunals
 "Govt for Rs 15-lakh cap on accident victim's insurance claim")
Companies struggle to get deposit insurance
Currently only banks are offered this cover by DIGCC; insurers find it a risky proposition
Companies struggle to get deposit insurance
Currently only banks are offered this cover by DIGCC; insurers find it a risky proposition
Green light to insurance marketing tie-ups
Insurance marketing companies can tie up with two life, two general and two health insurance companies
Insurers to seek clarity on pricing of social insurance schemes
Jeevan Jyoti Bima and Suraksha Bima, with life and accident insurance cover respectively of Rs 2 lakh each, are the schemes under focus
Reinsuarance back-up safeguards GICs from premium loss
As a result the risk premium unlikely to go up in any significant fashion next year
 "Reinsuarance back-up safeguards GICs from premium loss")
IRDA to end licensing system for insurance agents
Regulator has also been planning to treat health insurance as a stand-alone segment
 "IRDA to end licensing system for insurance agents")
Insurer's liability in third party motor accidents to be limited at Rs 15 lakh
New Motor Vehicles Act allows a victim to claim any amount in third-party accidents and if the insurer refuses to pay, claimant can approach the court
SBI General launches health plan only for SBI & its associates' account-holders
This would be available at the 20,000 plus branches of the SBI network
 "SBI General launches health plan only for SBI & its associates' account-holders")
 "Changes on the horizon")
Industry seeks tax sops for home insurance, special buckets for long-term savings policies
Say hike in tax incentives will attract more people to buy insurance
IRDAI upholds order asking SBI Life to refund excess premium
Life insurer asked to return Rs 275 crores to beneficiaries of Dhanaraksha Plus
 "IRDAI upholds order asking SBI Life to refund excess premium")
Trading in insurers' shares gains currency
Hopes of listing driving gray market volumes, say dealers
 "Trading in insurers' shares gains currency")