Insurance News
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Looking beyond insurance while trying to save taxes? Consider these options
Sanjeev Sinha | January 23, 2017 10:42 AMIt’s that time of the year again when you take stock of your tax liability and plan for the next financial year. And, like most tax payers, you must be wondering about ways to save taxes while earning high returns.
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Indian Accounting Standards: Insurers seek clarity on many issues as deadline nears
PTI | January 8, 2017 12:11 PMEven as the insurance industry is racing against time to comply with the Indian Accounting Standards (Ind-AS) from April, they point out some concern, particularly in regard to taxes that need to be addressed before the deadline by the insurance regulator Irda.
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For insurance companies, mobile, e-wallets will serve as enablers of digitalisation
January 3, 2017 2:38 PMMobile and e-wallets will serve as an enabler for digitalisation of initiatives by insurance companies
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General insurance in 2017: Going forward, focus will be on providing wellness solutions to customers
January 3, 2017 2:41 PMThe insurance industry today is witnessing a paradigm shift from the regular product based approach to a more dynamic customer centric approach.
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Planning a foreign trip for New Year? Here’s some insurance advice
Adhil Shetty | December 26, 2016 5:17 PMWith New Year around the corner, many of you might have your travel bags packed for vacation. While some might be looking at destinations within the country, some have their eyes set on locations abroad.
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Fresh merger structure to IRDA by Max Life-HDFC Life
PTI | December 18, 2016 2:33 PMIn the wake of Insurance Regulatory and Development Authority of India’s reservation about the deal structure in the proposed merger of Max Life Insurance Company with HDFC Life, a new structure is likely to be submitted soon, IRDA officials said.
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Drought-hit Odisha farmers to get full insurance money soon
PTI | December 10, 2016 9:55 PMOdisha government has directed all the district collectors to credit the entire argi-insurance amount to the bank account of the farmers, officials said today.
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Aditya Birla Health Insurance to leverage brand name to ‘fullest extent’ for biz growth
Mithun Dasgupta | December 9, 2016 8:35 PMThe latest entrant in the country’s health insurance space, Aditya Birla Health Insurance, wants to leverage the strong Aditya Birla brand to the ‘fullest extent’ for expanding its footprints nationally.
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Incentives, discounts to make health insurance universal: Irdai
PTI | December 8, 2016 10:27 PMIrdai Chairman T S Vijayan today said there is a need to incentivise people who are not inclined to buy health insurance in form of free check-ups or discounts as part of efforts to deepen market penetration in this particular segment.
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New India Assurance to launch Rs 1 crore health insurance policy
PTI | November 30, 2016 4:39 PMPublic sector New India Assurance Company Ltd today said it has formulated a health insurance scheme for high net-worth individuals with sum insured upto Rs one crore and was awaiting IRDA’s approval for the launch.
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Life insurance policies premium payment grace period extended due to demonetisation; here’s how policyholders will benefit
FE Bureau | November 29, 2016 6:09 AMInsurance Regulatory and Development Authority of India (Irdai) has extended the grace period for payment of renewal premium of life insurance policies because of demonetisation. Here’s how it will benefit life insurance policyholders.
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Motor insurance premium grows 28% in FY17 so far, highest since 2008
FE Bureau | November 24, 2016 6:39 AMMotor insurance, which remains an important component of the general insurance industry, has achieved a 28% growth in premium income in this financial year.
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Indians outside can buy health, general insurance in forex
PTI | November 17, 2016 9:58 PMIndians living outside can buy health or general insurance in foreign currency irrespective of the currency for settlement claims, the Reserve Bank said today while laying down the revised general and health insurance manual.
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Should you buy joint term insurance with your spouse or stick to separate ones?
Adhil Shetty | November 14, 2016 2:27 PMTerm insurance is a form of life insurance plan that provides coverage over a period of time and if the insurer dies during that period, the death benefit is payable to the nominee.
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Tata Steel announces mining partnership with Quebec govt
PTI | October 28, 2016 11:41 AMTata Steel Minerals Canada today said it has signed agreements with Quebec government entities to conclude investments of Canadian dollar 175 million (nearly Rs 875 crore) to set up mining operations in Quebec Newfoundland and Labrador peninsula in Canada.
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HDFC ERGO, Maruti Insurance to offer insurance to Maruti Suzuki buyers
ANI | October 22, 2016 12:58 PMHDFC ERGO General Insurance Company, India’s leading private sector non-life insurance provider, announced the tie-up with Maruti Insurance Broking Private Limited…
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Life insurance: Private insurers post 30% growth, Bajaj Life logs 83% growth
FE Bureau | October 19, 2016 6:33 AMThe life insurance industry continued to post strong growth in September as private players
reported higher growth at 30% year-on-year. -
Smart ways to reduce your health insurance premium outgo
Adhil Shetty | October 14, 2016 11:41 AMHaving good health is a victory in itself. A walk in the morning and a wholesome diet are already on your health chart.
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Insurance against terror attacks, buy a cover if you are in a sensitive zone
FE Online | October 10, 2016 3:57 PMThe threat of terror attacks is an omnipresent one. With rising India-Pakistan tension after India’s surgical strikes on Pakistan Occupied Kashmir (POK), the possibility of loss of life and property on due to terrorism may have increased. In such a situation, insurance plays a big role in limiting damage caused by terrorists. FeMoney spoke to […]
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LIC settles claims of Uri martyrs in less than a week
PTI | October 4, 2016 3:36 PMIn a show of solidarity towards soldiers martyred in the Uri attack, LIC today said it has expeditiously settled the insurance claims on its own after obtaining necessary documents.
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One crore passengers opted for rail insurance in first month
PTI | September 30, 2016 9:50 PMAround one crore train passengers have opted for the rail insurance scheme, which was announced on September 1, within the first 30 days of its launch, IRCTC said today.
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AXA, Allianz vie for StanChart’s general insurance distribution deal – sources
Reuters | September 30, 2016 7:40 PMFrance’s AXA and Germany’s Allianz SE have advanced to the second stage of bidding for a Standard Chartered deal that would enable the sale of general insurance products through the bank’s Asian branches, people familiar with the matter said.
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ICICI Prudential Life Insurance will outpace market growth: Kochhar
PTI | September 29, 2016 7:44 PMICICI Prudential Life Insurance will outpace the market growth in next few years, the company’s chairperson Chanda Kochhar said today.
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Sum insured under PMFBY jumps over 70 per cent in kharif 2016
PTI | September 28, 2016 6:00 PMReflecting wider coverage of the recently launched Pradhan Mantri Fasal Bhima Yojana (PMFBY), the total sum insured for the kharif 2016 crops has increased by over 70 per cent to Rs 1.18 lakh crore.
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Health Insurance Regulations, 2016 : Breakthrough in the offing
Sanjeev Mantri | September 28, 2016 6:25 AMThe health insurance vertical will benefit from a special clause in the recently notified Health Insurance Regulations 2016, wherein insurers have been allowed the freedom to test pilot innovative, unconventional products for up to five years.
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51% of health insurance holders are underinsured:Apollo Munich
PTI | September 27, 2016 3:08 PMAlthough the number of health insurance policyholders in India is increasing annually, people most often choose the lowest sum insured policy, without comprehending the entire process of choosing an appropriate cover, it said.
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LIC Employees Federation urges implementation of SC order
PTI | September 24, 2016 3:00 PMThe All India National Life Insurance Employees Federation has urged the management of the Life Insurance Corporation of India (LIC) to immediately implement the Supreme Court order to pay 50 per cent back wages to temporary III and IV grade employees, who were asked to be regularised.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
