Page 92 - Insurance News

General insurers propose compulsory motor insurance with voluntary liability limit hike

While there will be a liability limit in compulsory motor cover, there maybe an option to buy higher liability limit covers

Reliance Life to tap Gulf returnees

Company launches claim guarantee scheme for customers

Exide Life Insurance bets big on long-tenure insurance products

Average policy duration is 25 years; company to launch new corporate campaign on Monday

Industry divided over insurance repositories

The pilot launch will be for duration of two months with effect from July 1, 2014

Life insurers expect robust growth in FY15

Insurance companies said that customer interest to buy products would be accentuated by tax incentives

Draft rules ban replacement of life insurance policies

Replacement may not be permitted, unless if it is in interest of policyholder

SBI Life files special leave petition in SC

Petition is in response to Allahabad HC order asking Irda to scrutinise all policies of SBI Life

HDFC Life launches online Ulip product

Until now, only term plans were sold online, since they are simple for customers to understand

Irda allows insurers to deal in derivatives

The regulator said that participants can undertake different types of plain vanilla FRAs/IRS

Future Generali targets 20% growth in FY15

Company posted a profit of Rs 39.62 crore in FY 13-14 against a loss of Rs 19.70 crore last fiscal

PFRDA targets 10 mn NPS subscribers for FY15

NPS is the contributory pension scheme launched by the Union government in January 2004

G-Sec issuance: New 10-yr benchmark bond not this month

Yield ends at seven-week low tracking gains in rupee

Life insurers line up products at Irda's door

Companies filed products in March since 'five products a year' proposal implemented from April

LIC likely to invest Rs 3.5-lakh cr in FY15

Of this, it is expected that Rs 40,000-50,000 cr will be put into the equities market

Insurance regulator makes insurance repository must for life insurers

Compulsory for all life insurers and Insurance Repositories to participate in Pilot launch

LIC sees slide in new premium collection

Sales affected due to lack of new products, says MD

Insurance data not likely to be transferred to cloud servers

While industry officials want cloud servers, Irda may not allow due to fears of data breach/leak

Non-life insurers premium income up 12% in Mar at Rs 77,541 cr

The non-life insurers had underwritten gross premium of Rs 69,086.49 cr in March 2013

Insurance agent mentoring plan gathers dust

Most insurers have a basic training course for new agents in the system to acclimatise them with the industry practices and its standard style of functioning

Uncertainty looms over pvt NPS fund managers' future

In the earlier bidding process that took place last week, sources said Reliance MF had emerged the lowest bidder at one paisa for every Rs 100 of NPS funds, and others were required to match it