Page 93 - Insurance News

As equity markets rally, Ulip surrenders rise

Also, renewals of such products have dropped significantly in the past few months

Govt to set health rider for 49% FDI in insurance

Finance ministry considers tax sops, regulation of hospitals to make health care affordable

Ulip surrenders rise as equity markets rally

Insurers say customers are rushing in to book immediate profits

FinMin looking at raising FDI cap in insurance with riders

Govt may raise the FDI cap in the sector gradually beginning with non-life and health followed by life insurance segment

Non-life premium income rises 6.7% to Rs 8,421 cr in April

New India leads pack with 13.94% rise, private firms' income up 4.77%

Hyderabad has least critical illness insurance cover

However, 89% of the respondents believe health insurance is a necessity for tobacco users given the increasing hospitalisation costs

Bancassurance issue: Life insurers move towards non-bank distributors

Insurers said that they are moving away from bancassurance due to it reaching a saturation point

HDFC MF begins process of merging Morgan Stanley MF schemes

Gives exit option to unit holders of Morgan Stanley MF

Insurers in bind over mandatory customer bank a/c details

Top officials at various insurers to make representations before IRDA and the govt for easing of these norms

HDFC Life set for global foray

May become first private insurer to expand overseas

HDFC Life prepares for international foray

May become first private insurer to expand overseas

OTC on the anvil in non-life sector

While use-and-file would mean quick approvals, insurers fear that there would be no scope for introducing their distinct products

Shriram to boost insurance arms

Looks to divest a part of its stake in general insurance venture

Evaluate HDFC Life's NPS bid: HC to PFRDA

Now PFRDA will have to evaluate HDFC Life's bid along with other pension funds for the re-application process for NPS licences

Chidambaram asks PSU non-life insurance firms to improve market share

He asked the heads of public sector insurance companies to ensure that the current level of 53% was maintained and steadily improved upon

FM asks state-run insurers to increase market share

Stressed the need to enhance insurance penetration to attain global levels in a reasonable time frame

Now, general insurers hire panels of doctors on their rolls

Health insurance, which has an almost 23% market share in the general insurance space, has seen the increased claims ratio touch 96.43% in FY13, as compared to 94% in FY12

HDFC Life-PFRDA hearing postponed

Status quo on licences to remain; PFRDA may not issue letters tomorrow as earlier stated

Exide Life Insurance targets 10% growth in 2014-15

Strong re-branding exercise and an expected turnaround in the economy are spurring the company's aims

Chola MS targets Rs 2,500 cr premium

To focus on health and corporate insurance