Page 97 - Insurance News
Internet-influenced insurance sales to touch Rs 400k crore by 2020: Study
The study said traditional ways of selling insurance were becoming less sustainable
 "Internet-influenced insurance sales to touch Rs 400k crore by 2020: Study")
Insurers to offer products through specific channels
Insurance industry executives said the internet channel had also seen a change with respect to the product proposition and sale
 "Insurers to offer products through specific channels")
Insurance sales through online channels to grow 20 times by 2020: study
The study was conducted jointly by BCG and Google India
Insurance firms launching mobile apps to woo customers
New India Assurance and Cholamandalam have already launched their mobile apps that enable customers to renew their policies or buy new ones
 "Insurance firms launching mobile apps to woo customers")
MP farmers file Rs 3,000 cr insurance claims
Heavy rains have put soyabean crop under losses in forty districts this khariff season
 "MP farmers file Rs 3,000 cr insurance claims")
BCCI wants Rs 1,100-cr insurance cover for IPL-7
The Commonwealth Games held in 2010 were insured for Rs 200 cr
 "BCCI wants Rs 1,100-cr insurance cover for IPL-7")
GIC sees double-digit growth in FY14
Growth likely to be around 14-16%
 "GIC sees double-digit growth in FY14")
New India Assurance targets Rs 16,500-crore premium next year
Govt-run general insurer bets big on retail business
 "New India Assurance targets Rs 16,500-crore premium next year")
Awaiting final decision from IRDA: New India Assurance
The decision needs to be taken on third-party motor insurance segment to curb mounting losses from the segment
Insurers rush to tie-up with web aggregators
With Irda finalising the guidelines, insurers see huge growth in this space
Medical claims on kidney failure up 57% in 2013: ICICI Lombard
Claims in 2013 for kidney ailments increased by 46% over 2012
 "Medical claims on kidney failure up 57% in 2013: ICICI Lombard")
 "SBI Life to appeal against Irda's refund stand")
Bharti AXA General Insurance to focus on commercial lines
Company which is yet to post profits, hopes to do so in financial year 2014-15
 "Bharti AXA General Insurance to focus on commercial lines")
Bharti Axa to reduce dependence on motor insurance
To focus more on commercial and health insurance segments
 "Bharti Axa to reduce dependence on motor insurance")
Smaller health care chains find favour among general insurers
There has been a higher growth in medical inflation related to reimbursement cases in the non-life industry
 "Smaller health care chains find favour among general insurers")
General insurance industry's premium income up 19% in Jan
The four PSU entities saw their gross premium collection rise by 25% y-o-y to Rs 4,106 cr
 "General insurance industry's premium income up 19% in Jan")
Business Standard Insurance Round Table: Banks-as-broker model: It's a divided house
Panelists also discuss whether companies are chasing top line at the cost of bottom line
 "Business Standard Insurance Round Table: Banks-as-broker model: It's a divided house")
Insurers lure customers via discounts, tax benefits
The fourth quarter is when individuals are looking at tax saving products like insurance
 "Insurers lure customers via discounts, tax benefits")
Ulips: Down but not out
Long-term linked products with single premium, sale through bank channel might aid revival