Page 99 - Insurance News

Govt-owned insurers opened 3,101 offices in rural and semi-urban areas: FM

Companies such as the New India Assurance are looking to have 1,000 micro offices by the end of this year

Need actuaries in non-life firms too: Irda chief

Vijayan said it was imperative that actuaries in companies not just looked at innovative products, but priced it fairly as well

Referrral company licences can be renewed: Irda

Earlier regulations stated that approval to referral company valid for only three years

New course at UK's Institute & Faculty of Actuaries

The programme, Certified Actuarial Analyst can be completed in 2-3 years and will be offered from 2014 onwards

Life insurers to have varied rewards mechanism to boost agent persistency

Persistency refers to the ability to keep renewing customers' insurance policy till it reaches maturity

Fire & engineering segment sees drop in rates

Officials say there are discounts of 30-40% on an average to get more clients

United India Insurance Officers Association's meet

Insurers allowed to invest in banks' new instruments

Experts said that this will help banks to augment additional capital

Irda allows life insurers to have own criterion for agent persistency

Irda proposes steep increase in motor third-party premiums

Premiums may go up 25-137% for private cars, 1-45% for two-wheelers

Health Insurance TPA of India to begin business only by 2014-end

The common in-house TPA of public sector general insurers, named Health Insurance TPA of India was incorporated in August 2013 to handle health insurance claims of the state-owned insurers

Hospitalisation cover for ATM attack victims unlikely soon

Most insurers only provide for liabilities associated with theft and damage to the ATM

Madras HC rules against insurance companies rejecting medical claims

Petitioner said only hypertension and diabetes were mentioned as pre-existing diseases in his medical claim policy

LIC raises stake in Indraprastha Gas to 7.2%

Prior to this, the nation's largest life insurer held 7.13 million shares of IGL

Micro insurance sale norms: Sector uneasy with latest Irda proposals

Mis-selling, training areas of concern

ICICI Lombard launches cashless medical cover

This health card offers immediate access to OPD benefits and can be availed at the 75 plus OPD clinics across the seven metros

Insurers ask for 50% increase in motor third party premiums

Rising claims, losses might lead to steep rise in rates

Govt allows FIIs, NRIs to invest in insurance sector

Intermediaries, TPAs will also benefit, but investments will be under 26% FDI cap

Insurers shift product mix away from Ulips

Under the new norms life insurers have to replace their existing products with new ones meeting the regulatory criteria

Insurers see slim chance of getting House nod for FDI in 2014

FDI hike in insurance is not UPA 2's radar