Page 94 - Insurance News

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

Life insurers end FY14 with 11.5% new premium growth

LIC sees 17.8% rise in new premiums, private life insurers see 4% drop

Bajaj Allianz Life Insurance launches pension guarantee plan

While the minimum entry age for the policy is set at 37 years, maximum eligible age is 80 years

Indian Insurers to spend Rs 11,700 cr on IT services in 2014

Of this year's spending, about Rs 410 crore is expected to be spent on mobile devices

Indian insurance companies' tech spend to touch Rs 11,700 cr in 2014

Indian insurance companies are on pace to spend Rs 410 crore only on mobile devices in 2014, up 35%

Life insurance picking up pace in power corridors

High-profile politicians who have taken policies of LIC include Narendra Modi, Congress' Ajay Maken, and Naveen Jindal, among others

ING Vysya Life renamed as Exide Life Insurance

Irda calls for better disclosures in trade logo

Insurers asked to disclose that trade logo belongs to particular company and used by concerned insurance company

Non-life insurance premium rises 10% in March

The four PSUs accounted for about 56% of the total premium collected by 28 general insurance companies in March

Norms for shareholding changes in insurance brokers tightened

With the recent change, even a transfer less than 5% of the paid-up capital would require the authority's nod.

Non-life insurers' wait for two-digit growth to get longer

General insurers end FY14 with 12% premium growth; first quarter motor premiums to be muted

Irda tightens rules for changes in shareholding in broking firms

Even a minor change in shareholding pattern will require approval; broker to submit fit & proper undertakings for the new shareholder

Irda to crack down on insurers' ranking-based ads

Companies have been advised to follow the code of conduct prescribed by the ASCI

ICICI Lombard PAT up 67% at Rs 511 cr

Company issued 11.2 mn policies in FY 2014, a growth of 21.7% over last year's 9.2 mn policies

Insurance regulator seeks expert to streamline processes

Irda has been taking a number of technology initiatives to focus on streamlining the regulatory process and decrease the cost of regulatory compliance

United India tops premium collection in Kerala

At the all-India level, New India Assurance Company was first crossing the Rs 14,300-crore mark in premium income

Future Generali's journey to survival

Conscious decision to prioritise bottom line over turnover

Bajaj Allianz General Insurance launches insurance cover for surgical treatments

Plan assures guaranteed benefit amount depending on surgical treatment graded based on costs and covers almost 600 surgeries