With the launch of two new online products the company will have a total of four product offerings for the on-line market
The claim settlement ratio of LIC was better than that of the private life insurers
Says increased foreign investment will alleviate the current capital pressure on non-life insurers
Insurers offer a plethora of products as people hurry to buy investments in the last three months of the financial year
Many insurance companies that have foreigners in top team may see management rejig
Newly promulgated Ordinance has prohibited multi- layered agent structure for sale of insurance products
In FY13, 341,012 life insurance complaints were registered
Guidelines are applicable in respect of only Group Life Insurance Polices / Schemes obtained under Lender-Borrower group
Finance Minister Arun Jaitley expressed hope recently that raising of the limit to 49%
Domestic insurance industry needs investments worth up to Rs 60,000 crore in next five years to increase penetration levels: IRDA
In the eventuality of the policyholder becoming totally and permanently disabled during the policy term, the policyholder gets a 100% premium waiver
See 10% growth in new business premiums allowing them to have a higher investable surplus
Reliance Capital will soon begin active discussions for Japanese giant Nippon Life hiking its stake in Reliance Life Insurance Company
False claim, drowning bodies to make it look like an accident force companies to re-look into smaller ticket policies
Better disclosures, more details, higher interest payment for claim delay; feedback invited by Jan 19
Maharashtra emerged as top for collecting highest health insurance premium where it grew at a rate of over 76%
Formal announcements on foreign partner stake hikes expected from March
Recently, Irda had cracked down on general insurance companies offering heavy discounts in the group portfolio