The company has also entered retail health insurance by launching 'Liberty Health Connect Policy'
Insurers welcome bill, but seek clarity on FDI route and Indian management control
Maharashtra tops with highest share in total motor insurance premium collected across India
Rajya Sabha select committee proposes composite cap, call on infusion of fresh equity or sale of existing stake to be taken by respective companies
Revised Section 45 says no claim can be repudiated after three years of policy being in force, even if a fraud is detected
Routing standard general insurance products in rural areas through CSCs is easier and cheaper than setting up branch operations
Industry estimates suggest the size of the cover could be well above Rs 200 crore
Besides policies taken by service providers that carry cash to ATMs, white label ATMs are also insured
Lower commission for the agents, lack of awareness could be the reason
Will have to apply for licenses from Irda and the approval process is expected to be completed by the end of June quarter next year
Regulator says scheme should be on the lines of Jan Dhan Yojna
Change in customer preference and increased risk appetite are reasons for shift
Senior citizens may not be offered product actively due to high mortality charges
Says passage of Bill will see bancassurance players gain market share
An accident insurance cover of Rs 1 lakh is also given to all individuals who open a bank account under the Jan-Dhan Yojana
Asks insurers to look into burning cost; group health premiums may go up
Draft circular asks companies to opt for the lower of either F&U filing and norms under Rule 17D of Insurance Act
This product offers protection for entire family under one single sum insured