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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Increase in insurance FDI cap will raise capital inflows: Vishakha RM
An increase in foreign direct investment (FDI) limit to 49% from 26% in the insurance sector will in...
SC stays Allahabad HC order against SBI Life
In a relief to SBI Life Insurance, the Supreme Court has stayed the Allahabad High Court order that ...
Home insurance policy covers structure of the house as well as its contents
Repainting your vehicle with a different colour doesnít impact the claims process. Having said this,...
Insurance can play big role in routing savings to infra sector
Development of infrastructure is one of the top priorities for the new government.
IndiaFirst Life Insurance ties up with KVGB
IndiaFirst Life Insurance said it has tied up with Karnataka Vikas Grameena Bank (KVGB) to offer sim...
Insurance Bill may be taken up in current session: FinMin
Finance Ministry has said that it will try to push the Bill to amend laws on this in the current ses...
SBI Life Insurance aims 35 pct growth in FY'15
SBI Life Insurance, a 74:26 joint venture between State Bank of India and BNP Paribas' Cardiff, is a...
Insurance policies with low cover to attract TDS on surrender
This will, however, be applicable to policies that are not covered under Section 10 (10D) of the Inc...
Insurance industry hails Budget proposal of raising FDI cap to 49%
PNB Metlife India Managing Director and CEO Tarun Chugh opined that the 49 per cent composite increa...
Govt proposes 49% FDI in insurance, caps voting rights
Proposal to hike FDI cap in insurance first mooted by UPA govt.
Youth disabled in road accident gets over Rs 10 Lakh compensation
The tribunal directed Reliance General Insurance Company, with which the offending car was insured, ...
Insurance sector to benefit from any hike in invstment limit: TATA AIG
Since insurance is linked to the economy, giving boost to household savings would provide some relie...
HDFC ERGO and Accenture sign multi-year application outsourcing agreement
HDFC ERGO General Insurance Company and Accenture today announced that they have signed a multi-year...
Reliance Life Insurance launches Claims Guarantee service
Reliance Life Insurance Company (RLIC) launched 'Claims Guarantee', a service initiative to settle d...
Against listing on bourses: LIC to FM
The issue of listing of LIC had come up during a meeting of financial sector chiefs with Jaitley las...
Arun Jaitley calls insurers meet, seeks views on FDI cap
Insurance Laws (Amendment) Bill to hike FDI limit to 49% is pending.
Centre may make it less taxing for insurance firms in Budget
The government may give a boost to the insurance sector in the upcoming Budget with a host of tax in...
Irda tightens norms for replacement of life insurance policy
Irda has made it mandatory for agents to provide full details in transparent manner before persuadin...
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