Insurance News

Unclaimed sum with insurers touches a steep Rs 5,848 crore

Unclaimed insurance money at Rs 2,476 crore has in two years swelled by 136% and reached a high of Rs 5,848 crore by March 2014.

Between 2005 and 2008, insurance industry witnessed a sharp rise in number of policies sold...

RBI proposes to use unclaimed money on depositors' educationLIC's claim settlement better than pvt insurers: Irda
Private insurers outpace industry
First-year premium for all 23 private life insurers grew over 15% year-on-year in the three months t...

Unclaimed insurance amount: Whose money is it, anyway?

Irda has embarked on a drive to ensure unclaimed amounts with insurers reach the rightful owner.

'India will benefit if it develops as global reinsurance hub'

The country will benefit enormously if it develops itself as a global reinsurance hub, says study.

Bharti AXA aims to double its business in south by year end

Private insurer Bharti AXA General Insurance is planning to double its business in the southern regi...

Life insurance cos new biz premiums down 9.2%

Total new biz premium of life insurance cos in country declined by 9.2% to Rs 1,14,232.73 cr.
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LIC premium collection share at 73%
India's largest life insurance company LIC had about 73 per cent share in the total premium collecte...
HDFC, IndiaFirst sell policies through CSC
Insurance companies IndiaFirst and HDFC Ergo have started selling insurance policies through commo...
Insurance Bill further delayed, informal talks on
As the Opposition stuck to its stand, government sought their cooperation for passage of the "most p...
Rahul Gandhi: No double standards by Congress on Insurance Bill
Rahul Gandhi today rejected BJP's charge that the party is doing a 'U-turn' on the Insurance Bill...
All-party meeting on controversial Insurance Bill fails to iron out differences
Leaders agree to hold fresh round of consultations in next 2 days; NCP, BJD decide to support Bill.
Centre likely to keep insurance bill off Rajya Sabha today
Arun Jaitley and Venkaiah Naidu will meet leaders of opposition parties on Monday morning in a bid e...
Insurance matters: Prudence during days of rain
These days, cars and motor bikes are mostly installed with high technology equipments.
General insurers plan minimum lowest premium level to cut loss
Taking a cue from their peers from the banking sector and to arrest the ever-increasing underwriting...
Max Bupa launches revised 'heartbeat' health insurance plan
Max Bupa announced introduction of a plan which comes with cashless treatment abroad for major criti...
Palo Alto Networks uncovers new source of cyber threats targeting businesses
Research pinpoints how '419' scammers have evolved to get around traditional enterprise safeguards
Future Generali launches 'Care Plus Plan'
Many significant transformational changes have taken place in the insurance industry over the decade...
HDFC, Birla Sun, Reliance Life top Irda's unfair business chart
ICICI Prudential Life has a comparatively better record compared to its peers.
On insurance FDI, BJP recasts 2004 position
BJP too had opposed the reform in insurance sector on a number of occasions in the past.
After FDI boost, top insurance firms looking to list on bourses
Cabinet has approved 49 pct foreign investment in insurance firms, with Indian control.
Cabinet clears 49% insurance FDI; insurers welcome hike; PwC sees inflow of Rs 1 lakh cr
In his budget speech, FM Arun Jaitley had said that insurance sector is investment starved.
Kotak Life Insurance launches assured income accelerator that factors in cost of living
Offers increasing guaranteed income; tax benefit on premiums paid under Sec 80C and tax free guarant...
Insurance cos to get much-needed capital from higher FDI:Malvinder Mohan Singh
Presenting the Budget for 2014-15 earlier this month, Finance Minister Arun Jaitley proposed raising...
Allianz may not increase stake in JVs soon: Bajaj
The Allianz Group of Germany is unlikely to take any final decision immediately, said Rahul Bajaj.
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