Insurance

LIC’s Gulf arm tops overseas chart, chips in with 80 pct income

LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that manages the GCC markets becoming the best among its eight international subsidiaries in terms of new busi

LIC’s Gulf arm tops overseas chart, chips in with 80 pct income

ULIPs: IRDA not to go ahead with plan to mandate 25% investment in GSecs

The Irdai proposes not to go ahead with an earlier proposal to mandate that 25% of the corpus of unit-linked insurance plans (Ulips) be invested by insurers in government securities.

insurance policy News

Irdai may allow insurers to invest in banks’ AT-1 bonds

The additional tier-1 (AT-1) bond market, which has been witnessing subdued demand, is likely to see some activity with the possibility of the Insurance Regulatory Development Authority of India (Irda

Irdai may allow insurers to invest in banks’ AT-1 bonds

Chennai floods didn’t dampen books of all insurance firms

Despite receiving claims of more than Rs 6,000 crore form floods in Tamil Nadu last year, insurance companies reported mixed results in the previous financial year.

Chennai floods didn’t dampen books of all insurance firms

General insurers’ premium income grew 13.8 per cent in FY16

Private sector companies saw premium income of Rs39,701.12 crore in the last financial year against Rs35,090.06 crore in FY15.

General insurers’ premium income grew 13.8 per cent in FY16

CBI freezes Rs 9.5 cr in the US transferred illegally by General Insurance Company CEO Syed Farrukh Shah

CBI has managed to freeze Rs 9.5 crore in the US which was alleged to have been illegally transferred by the Chief Executive Officer (CEO) of General Insurance Company to a firm based in Washington.

CBI freezes Rs 9.5 cr in the US transferred illegally by General Insurance Company CEO Syed Farrukh Shah

Digital technologies set to transform insurance business: Report

The next wave of digital technologies will transform insurance companies but they need to revamp their workforce and cultures to take full advantage of the shift, a report says.

Women insurance News

Shriram Life Insurance clocks Rs 1,020 cr GWP in 2015-16

Private sector life insurer Shriram Life Insurance has registered a 38 per cent rise in gross written premium, clocking Rs 1,020 crore in 2015-16.

Insurance News

Investors upbeat on oil; but LIC trims its exposure to OMCs

Amid a bearish outlook on crude oil prices at a time when most investors appear upbeat on oil marketing companies, LIC, which takes benefit of price swings in equities with contra-calls, has been trim

Investors upbeat on oil; but LIC trims its exposure to OMCs

RuPay debit cards holders can claim Rs 1 lakh personal accident insurance

National Payments Corporation of India (NPCI), which manages the RuPay brand of debit cards in India, recently announced that all holders of RuPay debit cards can claim personal accident insurance of

RuPay debit cards holders can claim Rs 1 lakh personal accident insurance

HDFC Standard Life initiates IPO process; HDFC to sell 10%

Becoming the first life insurer in the country to initiate IPO process, HDFC Standard Life today announced plans to launch its Initial Public Offer wherein parent HDFC Ltd would sell 10 per cent stake

Insurance News

Chennai floods: Insurers settle over 30,000 claims

Nearly four months after Tamil Nadu saw devastating floods, insurance companies have seen claims of over Rs 5,500 to Rs 6,000 crore.

Chennai floods: Insurers settle over 30,000 claims

HDFC Life launches digital talent hunt for kids

Private life insurance company HDFC Life and #fame today announced the launch of India's first ever digital talent hunt for kids for categories in dancing, singing, musical instruments and comedy.

HDFC Life launches digital talent hunt for kids

Rs 1 lakh health coverage soon for 8 crore families: J P Nadda

Union Health Minister J P Nadda today said the Centre will be providing Rs one lakh annual health insurance coverage to eight crore economically weaker families through an Aadhar-linked programme.

Insurance News

Nippon Life Insurance raises stake in Reliance Life to 49%

Japan's Nippon Life Insurance today increased stake in Reliance Life Insurance by another 23 per cent, taking its total holding to 49 per cent.

reliace life insurance News

Arun Jaitley launches Pradhan Mantri Fasal Bima Yojana, Unified Package Insurance Scheme

Terming agriculture as "absolutely critical to the country's economy", union Finance Minister Arun Jaitley on Tuesday launched the "Pradhan Mantri Fasal Bima Yojana" and "Unified Package Insurance Sch

Arun Jaitley launches Pradhan Mantri Fasal Bima Yojana, Unified Package Insurance Scheme

Private general insurers beat public sector peers in gross direct premium income growth

Gross direct premium income underwritten for and up to February 2016

Private general insurers beat public sector peers in gross direct premium income growth

‘New Irdai norms to ensure faster growth of general insurers’

The Rs 84,000-crore general insurance industry feels that the 'use and file' norms unveiled recently by Irdai will ensure faster growth in the industry, though the regulations may lead to price rise o

Women insurance News

First-year premium of life insurers grows in January

The new business premium of life insurers grew 13% in terms of annualised premium equivalent in January. State-owned LIC's new business premium grew 14% y-o-y and that of private insurers at 12% y-o-y

First-year premium of life insurers grows in January

Sweetener for diabetics

Health insurance policyholders should add critical illness rider that covers diabetes to the existing plan

Insurance News

Insurance: What consumers can look forward to this year

With a host of reforms steadying the ship in 2015, the sector seems well placed for a better year ahead

Insurance News

Why is term insurance your best bet?

A life insurance policy that does not provide sufficient financial aid to the dependents at the time of need just defeats the purpose of buying the policy altogether.

insurance policy News

Private insurance companies lead growth of new biz premium

Private insurance companies led the growth of new business premium, as the life insurance industry saw a rise of around 15.55% in the current financial year compared to the previous year

Private insurance companies lead growth of new biz premium

Insurance industry seeks hike in tax exemption limit

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.

Women insurance News

Regulation hurdle delays life insurance product clearances

The domestic insurance industry is concerned about the slowing speed of product clearance in the life insurance segment.

Regulation hurdle delays life insurance product clearances

XL Catlin applies for reinsurance license in India

XL Catlin today announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin's strategy of establishing

XL Catlin applies for reinsurance license in India

Mahindra Insurance Brokers – First Insurance Broking Company in the World to Achieve the Global Benchmark

Mahindra Insurance Brokers Ltd. (MIBL) has been appraised and rated at Maturity Level 3 of the People Capability Maturity Model (People-CMM), thus becoming the first insurance...

Mahindra Insurance Brokers – First Insurance Broking Company in the World to Achieve the Global Benchmark
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