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Non-life insurers’ premium income grows 22% in Q1: Irdai

IANS — Mon, 10 Jul 2017 15:26:27 +05:30

Thirty non-life insurers posted a 21.95 percent increase in their gross premium income to Rs 33,302.89 crore in the first three months of the current fiscal as compared to Rs 27,309.59 crore in the same period last year.

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Insurance sector needs comprehensive overhaul: Report

PTI — Sun, 09 Jul 2017 15:59:36 +05:30

The insurance industry needs a comprehensive overhaul across segments to boost performance as compliance cost is high and regulatory policy is less development oriented, says a report by former Irdai member.

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National Insurance gross premium rises 19% in FY17

PTI — Tue, 04 Jul 2017 20:59:37 +05:30

State-owned National Insurance Company has recorded 18.8 per cent growth in gross premium collection at Rs 14,282 crore for the fiscal ended March 2017.

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Health insurance: A defined benefit plan or indemnity based plan; which one you should opt for

Adhil Shetty — Tue, 04 Jul 2017 06:05:29 +05:30

Health insurance needs vary from person to person and largely depend on the age and lifestyle of the individual.

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Irdai spent only 40 per cent of advertisement budget in 2016-17

PTI — Sun, 25 Jun 2017 11:01:05 +05:30

Unable to spend even 50 per cent of earmarked funds for insurance awareness last fiscal, Irdai is looking for innovative methods to utilise this year's advertisement budget that has been raised to Rs 66.5 crore.

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Why it is important to go for office package policy for insurance cover against all perils

Rajiv Kumar — Wed, 31 May 2017 03:35:35 +05:30

If you want comprehensive fire policy for your office, you can look at office package policy. Such policies are designed to cater to all insurance requirements.

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Irdai to modify insurance policy covers for shops, hotels

PTI — Tue, 23 May 2017 19:07:00 +05:30

Regulator Irdai has proposed changes in fire and allied policy covers to increase insurance penetration for dwellings, offices, hotels and shops that suffer big economic losses due to natural calamities.

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Here’s all you need to know about the taxability of life insurance policy payouts

Naval Goel — Fri, 14 Apr 2017 12:56:34 +05:30

The general public has a common notion that the premium paid towards life insurance policies is entirely free of tax.

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Crisis insurance: How to protect yourself against natural disasters

Yashish Dahiya — Wed, 12 Apr 2017 01:52:59 +05:30

As India is vulnerable to natural disasters such as earthquakes, tsunamis and cyclones, here are some insurance covers which you must have to protect yourself and family during any natural calamity.

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Health insurance among women growing: Survey

PTI — Mon, 27 Mar 2017 20:31:43 +05:30

Even as 95 per cent of women are aware of health and fitness, only 74 per cent go for a checkup when they are unwell, according to a recent survey.

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Non-life insurers’ February premium up 33 per cent at Rs 10,287.74 cr

PTI — Sun, 12 Mar 2017 15:52:40 +05:30

Non-life insurance companies' total premium grew 33.4 per cent to Rs 10,287.74 crore in February this year.

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Bajaj Allianz hopes to collect Rs 100 cr premium through all women branches

PTI — Wed, 08 Mar 2017 18:04:36 +05:30

Private sector non-life insurer, Bajaj Allianz General Insurance Company (BAGIC) hopes to garner upto Rs 100 crore of premium through its all women branches (AWB) over the next three years.

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Oriental Insurance Company aims at Rs 400 cr premium via PoS terminals

IANS — Mon, 06 Mar 2017 15:20:22 +05:30

Public sector general insurance major Oriental Insurance Company Ltd plans to beef up its point-of-sale (PoS) swipe machines by 2017 end and hopes to collect around Rs 400 crore via this mode, a senior official said on Monday.

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NCDRC asks insurance firm to reimburse claim of Rs 1.5 lakh

PTI — Fri, 03 Mar 2017 16:05:55 +05:30

The apex consumer commission has asked an insurance firm to reimburse Rs 1.5 lakh medical claim to a man, saying it cannot be presumed that certain expenses incurred in treatment were excluded from the cover.

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LIC’s total premium income up 12.4% to R1.45 lakh cr till December 2016

FE Bureau — Tue, 28 Feb 2017 04:09:50 +05:30

LIC has earned a total premium income of R1.45 lakh crore for nine months ended December 2016, as against R1.29 lakh crore during the previous year.

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$100 billion buying spree by Chinese insurers fizzles in 2017

Bloomberg — Thu, 23 Feb 2017 15:05:57 +05:30

Chinese insurers, after announcing almost $100 billion of deals over the past three years, haven’t made any acquisitions so far in 2017, data compiled by Bloomberg show.

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IRC introduces specialized industrial insurance services in India

ANI — Thu, 23 Feb 2017 12:13:13 +05:30

Mumbai based Entrepreneur Suresh Khairwar lead IRC rewrites the history of Indian Insurance industry by introducing Specialized Industrial Insurance to the Indian clients who are aligned to do business with best global practices.

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Keen to take over UTI AMC, LIC stalls listing plans

Chirag Madia — Mon, 20 Feb 2017 06:48:20 +05:30

Life Insurance Corporation (LIC) continues to stall UTI AMC’s listing although three other PSU shareholders — State Bank of India (SBI), Punjab National Bank(PNB) and Bank of Baroda(BoB) — agreed to a broad-based listing two weeks ago.

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Insurance reach may cross 4% by FY17-end: Assocham

FE Bureau — Thu, 16 Feb 2017 04:48:07 +05:30

The Associated Chamber of Commerce and Industry of India (Assocham), in the latest paper, has revealed that insurance penetration in India is likely to cross 4% by the end of this financial year.

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Life insurers’ new business premium up 28% in January

PTI — Sun, 12 Feb 2017 14:43:19 +05:30

The new business premium of life insurance companies grew by 27.8 per cent to Rs 13,138.10 crore in January, compared with the year-ago month.

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