Page 13 - Insurance Companies

Personal healthcare and medical insurance ad volumes up amidst pandemic

Brands feel it is a good time to advertise anything and everything connected to well-being

As cases rise sharply, Corona Kavach policy a big hit amongst consumers

The high demand for the policy has brought cheer for insurance companies

ICICI Bank raises Rs 15,000 cr in equity; issue price at Rs 358 per share

The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations

Nearly 70k Covid-related claims worth Rs 700 cr settled by insurers: Irdai

Regulator asks insurers to look at more standard products to increase the coverage

GI Council may move SC to implead itself on standard rates in Covid therapy

Wants govt to prescribe treatment protocol and then fix the rates

Insurance companies turn net buyers of equities after eight years

Sustained buying by them adds heft to market rally

IRDAI approval must for sale, pledge of over 5% equity in insurance company

IRDAI said any transfer of shares beyond the stipulated threshold limits without the prior approval of the authority will attract appropriate regulatory and legal action

Ensure cashless facility for Covid-19 treatment: Irdai to insurers

It has asked insurers to take appropriate action against hospitals in case they deny cashless facility to policyholders and deviate from the agreed terms of the service level agreements.

A snapshot of premiums on home insurance cover offered by top players

Here are the premium rates for top eight insurers offering home cover of Rs 1-crore structure, plus Rs 25 lakh on contents

Insurance stocks in focus; SBI Life, HDFC Life up 4%; ICICI Pru slips 3%

The NBP of life insurance companies contracted 10.46 per cent YoY in June as compared to decline 32.6 per cent and 25.4 per cent in April and May, respectively

Here are all the schemes announced in the Cabinet briefing today

Govt will invest Rs 12,750 crore in recapitalising the three state-owned insurance companies- Oriental Insurance, National Insurance and United India Insurance

Covid-19 disrupted business models of insurers, caused degrowth: Official

All insurers have seen a degrowth in the months of April and May due to the coronavirus lockdown, she said at a webinar organised by MCCI

Digitised selling, servicing of insurance get a fillip amid pandemic

Insurers have made a leap from manual paper-bound process to end-to-end paper-less or digital-based selling through all the channels of distribution

Life insurers note 25% drop in new business premiums in May due to Covid-19

In the first two months in FY21, NBP of life insurers dropped almost 30%

Merger of three state-owned general insurers on back burner due to Covid-19

Notably, the boards of the three firms had approved the merger in January and had appointed management consultant firm EY to chalk the road map for the exercise last year

Irdai allows PNB to hold more than 10% promoter stake in 2 insurance firms

The insurance regulator has allowed PNB to keep its shareholding in both the insurance companies intact for now

High expectations raise risk for stocks of general insurance companies

Benefits of lower claims could get offset by subdued premium collection and fixed costs

Pension market set for deep reforms; foreign funds to get more leeway

This could entail a thorough rewrite of the pension products that insurance companies and some mutual funds offer today

How LIC should be valued

The Life Insurance Corporation differs from its listed peers in a number of ways, and these should be factored into its valuation prior to its proposed initial public offering

A lot of unutilised space in insurance sector for foreign investment

There is headroom for foreign partners in both the life and non-life sectors within the current limits