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
May 15, 2016
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.
May 14, 2016
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
May 06, 2016
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.
May 06, 2016
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.
Apr 29, 2016
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.
Apr 28, 2016
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.
Apr 27, 2016
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.
Apr 25, 2016
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
Apr 22, 2016
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
Apr 21, 2016
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
Apr 19, 2016
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.
Apr 14, 2016
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.
Apr 13, 2016
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.
Apr 06, 2016
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.
Mar 30, 2016
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
Mar 22, 2016
Private general insurers beat public sector peers in gross direct premium income growth
Gross direct premium income underwritten for and up to February 2016
Mar 18, 2016
‘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
Mar 06, 2016
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
Feb 19, 2016
Sweetener for diabetics
Health insurance policyholders should add critical illness rider that covers diabetes to the existing plan
Feb 19, 2016
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
Feb 14, 2016
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.
Feb 13, 2016
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
Feb 12, 2016
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.
Jan 31, 2016
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.
Jan 29, 2016
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
Jan 22, 2016
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...
Jan 18, 2016
OnePlus gives a glimpse of future TV design
WhatsApp feature trick: How to hide your view on your friend's WhatsApp Status
OnePlus TV to unleash a sight and sound revolution!
Say "Hey, Google" to make WhatsApp calls now; Here's how
OnePlus delivers another star poster - This time for the family man!
Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
Budget 2019: Hike in import duty may dampen the gold rush
Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
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