Page 95 - Insurance News

Irda, insurers launch awareness drive

Online insurance moves beyond plain vanilla products

Apart from products such as pure term, insurers are moving to newer types of web policies

Life insurance products rule online purchases: Study

Those who were young, had high income, were highly educated and internet-savvy displayed higher confidence on family protection levels

Irda forms working group for simple products in general insurance

Regulator said it was required to review the extant guidelines on F&U requirements for general insurance products

Liberty Videocon GI eyes Rs 250 cr premium this fiscal

While 70% of its premium last fiscal came from motor insurance segment, rest came from fire, engineering and health segments

Irda forms working group for simple products in general insurance

The authority said it was required to review the extant guidelines on F&U requirements for general insurance products

Growth is back in insurance sector, says Irda chief

Focus was back into the group policies in the life insurance segment, while traditional life products were showing good traction of late, he said

Insurance: New premiums not to be impacted by Jan diktat

Data by Irda showed that the life insurance sector saw a 6.3% drop in new business premiums for the FY13

Govt bond auction: Bonds bank on insurers to sail through

Offer fully subscribed; yields soften

Now, life insurers can file only 5 products a yr

To reduce time taken for product approvals, Irda has asked life insurers to submit a 'product planner' before the beginning of every financial year

Come July, all insurers may offer digitised insurance policies

About 110,000 policies are digitised but many customers are not aware of this process

'Private health insurers cover more people, lag in premium'

About 65% of people covered by health insurance across India fall under the ambit of private sector

Irda imposes Rs 1.77 cr penalty on Reliance Life Insurance

Rs 25 lakh fine imposed due to service agreements entered with various entities engaged for providing services of lead generation and dissemination of information

All insurers may offer digitised policies from July

Already 1,10,000 policies have been digitised, but many customers are not aware of this process

IndiaFirst Life new premium grows by 28% in FY 2013-14

Company has covered approximately 2.4 million lives and has Rs 6,500 cr of AUM at end of FY 2013-14

Insurers cold to the idea of insurance marketing firms

Trust deficit may force industry to take cautious approach

Electronic insurance policy still to take off in big numbers

Customers in no rush to digitise their policies

Electronic insurance policy still to take off in big numbers

While all processes have been initiated, only a small percentage of policyholders have made their policies into a paperless format

Aegon Religare Life launches Kochadaiiyan online game

Game is structured to generate leads for the company's products

SBI General sets 60% premium growth this fiscal

The SBI subsidiary had a gross written premium of Rs 770.85 crore in FY13