Page 4 - Insurance Firms

MCA expands small firm definition, raises turnover and borrowing limits

This would enable a wider set of companies to avail of greater flexibility in the accounting standards, according to a notification issued on Wednesday

Govt's draft proposals tie insurance FDI hike to solvency margin

Draft proposes 180% if firms with over 49% foreign stake declare dividend

RBI restricting banks from raising stakes in insurance firms: Report

The RBI wants banks to focus on their main areas of business instead of locking away capital in non-core sectors

Axis entities get Irdai approval to acquire stake in Max Life Insurance

Axis Entities will have the right to acquire another 7 per cent in the life insurance company, in or more tranches

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

IDBI Bank inks pact to divest 27% stake in insurance JV for Rs 595 cr

Currently, LIC-promoted IDBI Bank holds 48 per cent in IFLIC, while Federal Bank and Ageas hold 26 per cent each

Planning to take a health insurance? Buy now to meet future needs

Insurers will have to approve claims after the policy is eight years old

Reduce stake in insurance subsidiaries to 50% or below: RBI to HDFC

HDFC's share price were down almost 8 per cent to Rs 1,512

Life insurance companies register 11.36% growth in premium income in FY20

The 24 life insurance companies' collective premium income stood at Rs 43.33 trillion during fiscal year 2018-19

Insurers see rise in health claims; lockdown reduces motor segment demands

Fewer claims are supposed to improve the insurers' loss ratio in the motor segment, but the industry is divided on this

Life insurers will not invoke 'force majeure' clause for Covid-19 claims

This step was taken to reassure customers who had reached out to individual life insurance companies seeking clarity on this clause

Yes Bank impact on key insurance players explained in numbers, chart

The investment exposures of key insurance players have been hit by ratings downgrades

Govt looking at final bill after cabinet okays funds for 3 insurance firms

The companies would soon announce the formation of joint Lok Adalats as well as take the help of the insurance Ombudsman

Insurance firms' trial products promise accurate price covers for policies

The Insurance Regulatory and Development Authority (IRDAI) recently gave the green light to 33 products and services under its regulatory sandbox framework

Irdai issues norms to protect group policyholders of merging state banks

Moreover, Irdai has said a bank in its capacity as a group organizer may have group insurance arrangements with any number of insurance firms

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

Cipla plans to partner Ayushman Bharat; start dialogue with insurance firms

There is a plan to identify a list of essential medicines, including antibiotics, painkillers, etc, which the company may supply to the Ayushman Bharat-empanelled hospitals.

Irdai may allow banks to hold over 10% stake in multiple insurance firms

Irdai chairman says considering proposal to change rules for lenders

Irdai slaps Rs 2-cr fine on India Infoline Insurance for violating norms

The regulator has penalised the broker with a fine of Rs 1 crore each for violating norms on related party transactions and not having its own office infrastructure

Private Cos pull out of PM crop insurance scheme due to unviable biz model

ICICI Lombard General Insurance, Tata AIG and Cholamandalam MS General Insurance, have pulled out of the Pradhan Mantri Fasal Bima Yojana