Amongst the top insurers, many have registered a decline, while persistency ratios for some have remained flat
Four state-run general insurers control nearly 70% health insurance market
The companies are New India Insurance, Oriental Insurance, United Insurance and National Insurance
MDRT is premier association for financial services professionals like insurance agents; LIC leads the chart with 6730 MDRT members
The insurance coverage for commodities accounts for less than five per cent of the overall business of the non-life insurance sector
Decision to finalise the name of stakeholders on the basis of representation received by the committee will be finalised in its next meeting on Sept 12
This provides coverage against wide range of perils for various assets of farmers and others in the agriculture production chain
So far, more than 25 million bank accounts have been opened under the Jan Dhan Yojana and all these individuals will be eligible for life covers of Rs 30,000 by LIC
Irda chairman comments come a day before meeting of select committee of Parliament on Insurance Laws (Amendments) Bill, 2008
Plan provides with guaranteed regular income payouts
Stricter norms by the FDA will lead to higher compliance costs for Indian companies and it will remain high over the medium term
LIC which will offer the cover holds meetings with finance ministry; decision on premium payment in next 2-3 days
Jeevan Shagun offers multiple benefits
Available in two variants, Gold Plan and Silver Plan
Irda has said insurance companies would be required to display information about any unclaimed amount above Rs 1,000 on their websites
Ravinder Singhal had claimed co deducted money while paying bills for the repair of his damaged car
LIC has been asked to submit details on structuring the Rs 30,000-life cover to be offered under the scheme
Estimates suggest coverage worth Rs 450 crore taken
Irda has introduced long-term motor third-party insurance policy for two-wheelers, with a three-year term