Page 96 - Insurance News
Health Insurance TPA may become operational only by December-end
The Health Insurance TPA of India was incorporated in August 2013 to handle health insurance claims of state-owned insurers
 "Health Insurance TPA may become operational only by December-end")
Irda issues draft norms for insurance marketing firms
Irda asked all stakeholders to provide their views on the draft by April 15
 "Irda issues draft norms for insurance marketing firms")
Motor insurance combined ratios may touch 200% by end of FY15
According to general insurance company executives, even though the overall motor cover prices might go up, it will not be able to compensate for the underwriting losses and higher combined ratio
 "Motor insurance combined ratios may touch 200% by end of FY15")
Comprehensive motor cover premiums likely to rise
While Irda has limited motor TP premium hike to 9-20%, motor own damage premiums may rise by 30-40%
 "Comprehensive motor cover premiums likely to rise")
General insurers turn cautious on El Nino threat
However, insurers will not raise premia in anticipation of El Nino, says Tata AIG General Insurance chief executive
Third-party motor premia up marginally
Private car premia up 20%, for two-wheelers rise 9-10%
 "Third-party motor premia up marginally")
ZenMoney enters insurance broking
Firm will sell products in both life and general insurance sectors, including health motor among others
 "ZenMoney enters insurance broking")
Cigna TTK Health Insurance launches ProHealth
ProHealth offers immediate benefit to the policy holder through Cigna TTK Health Maintenance Benefits
 "Cigna TTK Health Insurance launches ProHealth")
Pvt sector NPS fund managers raise concerns over re-bid process
According to PFRDA, as on December 31, NPS had 5.85 million subscribers with an AUM of Rs 42,204.6 crore
 "Pvt sector NPS fund managers raise concerns over re-bid process")
Irda allows advance premium collection
Premium that has been collected in advance can only be adjusted on the due-date of premium
 "Irda allows advance premium collection")
New players opt out of national health insurance scheme
The government has set hospital rates for a large number of treatments. Existing ailments are covered from day one and there is no age bar
 "New players opt out of national health insurance scheme")
HC asks IRDA: Are there guidelines for TPA to recommend claim
The direction was given by a bench who asked IRDA to file its response on this aspect within four weeks
Tata AIA Life sees churn at top
The company is a joint- venture between Tata Sons and AIA International
 "Tata AIA Life sees churn at top")
'The trust deficit needs to be plugged at all cost'
ROUND TABLE: Insurance industry leaders talk about mis-selling, the banks-as-brokers model and whether the perception about the obsession with top line is correct
 "'The trust deficit needs to be plugged at all cost'")
Irda looks at options to stop discounts in group insurance premium
The regulator would also soon come up with a hospital registry
Irda warns customers against fraud calls
Some policyholders have received calls from people claiming to be from Irda, offering lucrative incentives
Non-life insurance premium rises 5% in February
National Insurance, New India Assurance, Oriental Insurance, United India Insurance saw their gross premium collection rise by 2.6% y-o-y in Feb
 "Non-life insurance premium rises 5% in February")
Insurers seek assistance for online policy buyers
Dedicated personnel would be appointed who will take care of all queries arising during an online purchase