Page 89 - Insurance News
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
 "Now, exclusive insurance for Jains")
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
 "Insurers meet Parliament select panel")
Nod for insurers to buy infra bonds
In July 2014, RBI permitted banks to issue long term bonds for financing infrastructure and affordable housing
 "Nod for insurers to buy infra bonds")
LIC Housing Fin to focus on mortgages
Company says this would help it improve margin
 "LIC Housing Fin to focus on mortgages")
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
 "Irda asks life insurers to have 'humane' approach for J&K claims")
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
 "Common services centres fail to draw insurance firms")
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
 "Life insurers to grow at 10% on APE basis in FY15: ICRA")
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
 "CLT20 insurance cover set to soar")
New disclosure norms expose insurers' policy-retention claims
Amongst the top insurers, many have registered a decline, while persistency ratios for some have remained flat
 "New disclosure norms expose insurers' policy-retention claims")
Pvt TPAs have nothing to worry, say state-run non-life players
Four state-run general insurers control nearly 70% health insurance market
 "Pvt TPAs have nothing to worry, say state-run non-life players")
Competition watchdog probes PSU insurers
The companies are New India Insurance, Oriental Insurance, United Insurance and National Insurance
 "Competition watchdog probes PSU insurers")
LIC tops Million Dollar Round Table list
MDRT is premier association for financial services professionals like insurance agents; LIC leads the chart with 6730 MDRT members
 "LIC tops Million Dollar Round Table list")
Insurers bet big on agri commodities
The insurance coverage for commodities accounts for less than five per cent of the overall business of the non-life insurance sector
Select committee on Insurance Bill holds first meet
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
 "Select committee on Insurance Bill holds first meet")
HDFC ERGO launches Kisan Sarva Suraksha Kawach Policy
This provides coverage against wide range of perils for various assets of farmers and others in the agriculture production chain
 "HDFC ERGO launches Kisan Sarva Suraksha Kawach Policy")
Jan Dhan Yojana: Clarity awaited on insurance
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
Marketing, not FDI limit, important: Irda chairman
Irda chairman comments come a day before meeting of select committee of Parliament on Insurance Laws (Amendments) Bill, 2008
 "Marketing, not FDI limit, important: Irda chairman")
Bharti AXA Life launches Elite Advantage
Plan provides with guaranteed regular income payouts
With regulatory action rising, drug makers opt for larger covers
Stricter norms by the FDA will lead to higher compliance costs for Indian companies and it will remain high over the medium term
 "With regulatory action rising, drug makers opt for larger covers")