Page 87 - Insurance News

Govt's investor of last resort sells in bull run

LIC leads insurers in selling shares worth Rs 17,000 cr this quarter

J&K floods to have 'minimal' impact on LIC, says its chairman

LIC has 12.7 lakh policyholders in the flood-ravaged state

Irda imposes Rs 40 lakh fine on Aegon Religare

Fine imposed for violation of rules regarding insurance brokers regulations among others

Non-life insurance space to have innovative products soon

Insurers indicated that product meant for specific risk profiles after assessing the individual customers would also be launched

Canara HSBC OBC Life to focus on bank partners

Hiring insurance agents not on their mind

Insurance regulator diktat on J&K flood cover claims

This exemption is valid for a period of two months from the date of this order

Canara HSBC OBC Life launches CHOICeNET

Company has already implemented several online facilities within its customer portal for net-savvy customers of all three banks

Exide Life launches Life Assured Gain Plus

Under the plan, one pays for 5 years only, while the benefits continue for the full policy term

Insurers can launch 'pilot' products, says Irda working group

Products not approved by regulator within 30 days of filing can be freely sold; approval to be valid for five years

LIC investment in equity market to cross Rs 55,000 cr in FY15

The insurance giant had picked up stocks worth Rs 51,000 cr last fiscal and investments were made across sectors

Health Insurance TPA of India to begin operations by April

Gets Irda nod; external TPAs will continue to serve state-owned general insurers

Now, exclusive insurance for Jains

Put together and subsidised by a community body, and offered by National Insurance, it has had about 100,000 applications

Insurers meet Parliament select panel

It was the second meeting of the panel. It would meet again on Sept 19 and 26 to expedite firming up report

Nod for insurers to buy infra bonds

In July 2014, RBI permitted banks to issue long term bonds for financing infrastructure and affordable housing

LIC Housing Fin to focus on mortgages

Company says this would help it improve margin

Irda asks life insurers to have 'humane' approach for J&K claims

Has told all life insurers to nominate a senior officer who would act as the Nodal Officer in the state

Common services centres fail to draw insurance firms

Irda's licence to CSCs is valid for three years, after which it can be renewed for another three years

Life insurers to grow at 10% on APE basis in FY15: ICRA

In its outlook for the life insurance sector, rating agency says industry has realigned their products to meet regulatory guidelines

Reliance Life launches Reliance Fixed Savings

Reliance Fixed Savings is a non-linked, non-participating and non-variable endowment insurance plan

CLT20 insurance cover set to soar

Each match is covered for Rs 5 cr, at par with IPL matches and higher than CL T20 matches played outside India