Page 13 - Insurance Companies

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

Budget 2020: Insurers, mutual funds fear impact from tax code nudge

Investors will have to forego tax benefits on several products if they switch to new regime

Irdai's Committee on micro insurance suggests ways to boost segment

Micro insurance is specifically intended for protection of low income people, with affordable products to help them cope with and recover from financial loss

PSU insurance firms seek Rs 12,000-cr infusion as merger put on fast track

The financial condition of the three companies has, meanwhile, deteriorated and warrants capitalisation, if the merged entity is to be listed

Insurance covers that protect cos from cyber attacks, data thefts & frauds

Post the ransomware attacks of 2017, the demand for cyber insurance from the manufacturing sector has been on the rise," said Sanjay Kedia, CEO Marsh India Insurance Brokers

With lower sum assured, Ulips emerge as attractive option with high returns

Recently, the Insurance Regulatory and Development Authority of India (IRDAI) allowed those under the age of 45 years to also buy Ulips with a lower sum assured

Irdai okays debt ETFs of CPSEs as eligible class of investment for insurers

Irdai said such debt ETFs should be issued by mutual funds registered by Sebi and governed by its regulations.