Page 86 - Insurance News

Launch 'Jan Bima Yojna', widen insurance base: Irda to govt

Regulator says scheme should be on the lines of Jan Dhan Yojna

Insurers shift to non-guaranteed products

Change in customer preference and increased risk appetite are reasons for shift

Ulips to see another revamp soon

Senior citizens may not be offered product actively due to high mortality charges

Insurance Bill could spur sector re-rating: Espírito Santo Securities Research

Says passage of Bill will see bancassurance players gain market share

Irda cracks whip on heavy group insurance discounts

A life cover to cost Rs 90 under Jan Dhan Yojana

An accident insurance cover of Rs 1 lakh is also given to all individuals who open a bank account under the Jan-Dhan Yojana

Irda whip on heavy discounts to corporates

Asks insurers to look into burning cost; group health premiums may go up

Irda proposes to tighten rules on expense management

Draft circular asks companies to opt for the lower of either F&U filing and norms under Rule 17D of Insurance Act

Star Health re-launches Family Health Optima

This product offers protection for entire family under one single sum insured

Large risk insurance covers may see premium hardening in FY16

J&K floods, Hudhud increase credit ratio; premiums to depend also on international insurers

Premia hit rock bottom as competition intensifies in online term insurance space

Competition has intensified in the online term insurance space with the premium for a Rs 1 crore pure-term cover coming down as low as Rs 5,400 a year

Clamour for catastrophe pool to fund losses

Cyclone Hudhud powered its way inland over eastern India inflicting damage to the tune of Rs 3,000-3,200 cr

LIC sells Rs 7,700 cr shares in 14 Sensex cos

The insurance giant picked up scrips valued Rs 5,000 cr in 10 blue-chip companies

Only 5 life products can be filed in a year: Irda

LIC seeks exemption from the rule and is hopeful of getting special treatment

LIC to have Ulip by end of fiscal

The last time the life insurer launched a Ulip plan was in Jan 2013, that too after a gap of two years

Return of ULIP era to hurt insurance industry: Reliance Life CEO

Says IRDA is monitoring these trends for appropriate actions

Vehicle recalls hit motor insurance

General insurance industry offers insurance for product recalls by the automobile industry

United India Insurance expects profit despite higher claims from natural calamities

The company is expecting net profit of Rs 650 crore and total premium of Rs 11,000 crore by year end

Health insurance or a headache?

Along with the imperative for having this cover, consumer woes are on the rise, despite regulatory intervention

Growth eludes life insurers except some bank-promoted players

According to an analysis, growth has mostly come from ULIP products for most of the bank-supporter insurers such as ICICI Pru and HDFC Life