Page 88 - Insurance News

CignaTTK Health Insurance launches global group health cover

Sum insured ranges from Rs 50 lakh to Rs 12 crore

Merger and acquisition activity gathers momentum in insurance

Over the past 18 months, there have been at least six instances of stakeholders in insurance ventures expressing their desire to exit

Private insurers shift focus to regular premium products

Insurance executives said that Life Insurance Corporation of India will play a large role in this space going forward

Health, motor top charts in non-life premium collection

Industry players say this is because the demand in other segments is still low

FinMin asks public sector insurers to have female employees placed near family

In August, a similar directive was given to public sector banks with respect to their female employees

United India Insurance keen to re-enter overseas markets

The company was present in Hong Kong, but had shut it down in 2002

Religare to stay in health insurance business

This, after it said it plans to exit its JV with AEGON

Digitisation of life insurance policies may be made mandatory soon

Customer will be able to store any number of policies in one single account in the electronic format and thereby avoid the possibility of loss of policy document

Irda to suggest changes in Insurance Bill

Wants all the latest changes that had happened in the insurance sector in terms of technology usage among other things

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