Insurance

Final guidelines on ‘management control’ for insurers in December: IRDA

Insurance industry in the last few years had seen muted growth , but participants believes that with FDI up to 49% in Insurance sector more players will bring in capital to expand their business...

insurance sector

Government’s insurance scheme: New database to keep track of claim duplications

Till now, the Pradhan Mantri Jeevan Jyoti Bima Yojana has received 1,184 claims while another 284 claims have been filed under the Pradhan Mantri Suraksha Bima Yojana.

life insurance claim

LIC to launch maiden ULIP product tomorrow

State-run insurer Life Insurance Corporation of India (LIC) will launch its maiden ULIP product across the country tomorrow.

LIC

Shriram Life Insurance Q1 FY’16 PAT up by 42 % at INR 17 Crores

Shriram Life Insurance, the life insurance arm of Shriram Group announced its results for the first quarter ended June 30, 2015.

Global economy losses $37 bn from calamities in H12015: SwissRe

Total economic loss from natural calamities and man-made disasters across the world, including Nepal earthquake and heatwave in India, was at USD 37 billion in the first half of 2015, says a report.

From Rs 201 to Rs 5,001, ‘innovative’ NDA govt has three Raksha Bandhan gifts for sisters

The PM Narendra Modi-led NDA Government has come out with an innovative drive to combine its social security schemes with the sibling festival of Raksha Bandhan.

AEGON Religare Life Strengthens its Online Portfolio with the Launch Three Next Generation Online Protection Plans

AEGON Religare Life Insurance (ARLI), the pioneers in online insurance, today announced the launch of three next generation protection plans- iIncome plan, iSpouse and iCancermdash;only available for

General insurers agree to retain 5% compulsory cession

Public sector insurance companies, including New India Assurance, have suggested retention of the five per cent compulsory reinsurance business with state-owned GIC Re.

Insurance bill

Insurance company valuations remain an enigma, reveals CII-Towers Watson study

With the government increasing the FDI limit to 49 percent, there is a keen sense of anticipation within the Indian insurance industry that is expecting a flush of foreign investment in the sector.

Apollo Munich launches ‘Dengue Care’ with Rs 50,000 hospitalisation cover

Apollo Munich Health Insurance launched a 'Dengue Care' scheme available at one-time premium of Rs 444.

Apollo Munich Health Insurance

HDFC Ltd Financial Results for the Quarter Ended June 30, 2015 Standalone and Consolidated

The Board of Directors of Housing Development Finance Corporation Limited (HDFC) announced its unaudited standalone and consolidated financial results for the first quarter of the financial year 2015-

Standard Life eyeing hike in HDFC Life stake to 35%; IPO possible, says Deepak Parekh

Standard Life has expressed interest in increasing its stake in HDFC Life to 35%, HDFC chairman Deepak Parekh revealed at the lender's annual general meeting (AGM) on Tuesday.

hdfc standard life

LIC elevates two more women into top echelons of insurer

With women officers already heading most of its subsidiaries, the Life Insurance Corporation (LIC) is continuing with the trend to place them in bigger roles.

China’s Anbang Insurance concludes Delta Lloyd buy for $226 mn

China's Anbang Insurance Group has completed its purchase of Delta Loyd Bank Belgium from its Dutch parent Delta Lloyd NV for 206 million euros ($226 million), the two companies said on Thursday.

Japan’s Meiji Yasuda to buy U.S. insurer StanCorp for $5 bn

Japan's Meiji Yasuda Life Insurance Co said on Friday it has agreed to buy U.S.-based StanCorp Financial Group Inc for $5 billion, the latest multi-billion deal by acquisitive Japanese insurers.

New senior health insurance plan with Rs 1 lakh cover in the offing

The government is finalising a new health insurance scheme for those above 60 years, modelled on the lines of the Pradhan Mantri Jan-Dhan Yojana and the Pradhan Mantri Jeevan Bima Yojana.

Insurance bill

Sachin Tendulkar launches Aviva Early Starters Initiative

The Early Starters initiative will take forward Aviva India’s ‘What’s Your Big Plan’ campaign where the insurer will provide 20 children an opportunity to live their dream profession for one d

Sachin Tendulkar on Aviva Early Starters Initiative

UK motor insurance premiums rose 5 pct in second quarter

British car insurance premiums jumped by more than 5 percent in the second quarter compared with the previous three months, and a rise in insurance tax is likely to add to price increases, recovery se

LIC Housing Finance net profit jumps 19% to Rs 382 cr in Q1

Mortgage lender LIC Housing Finance today reported 19 per cent jump in net profit at Rs 382.13 crore for the April-June quarter on higher margins and better asset quality.

General insurance premiums climb 12.6% in June, public sector favoured

India’s general insurance sector continued its monthly growth and registered a surge of 12.6% in gross direct premium income underwritten in the month of June. Public sector insurance companies

Life insurance market clocks 20% growth in first qtr

After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 per cent growth in new premium income.

Expect life insurance industry to grow 10-15% this fiscal: Amitabh Chaudhry

The life insurance industry, which has seen some tough times during the last few years, is expected to grow 10-15% in the current fiscal...

CCI imposes Rs 671 crore fine on four state-run insurers

Fair trade regulator CCI today slapped Rs 671 crore penalty on four state-run insurance companies -- National Insurance, New India Assurance, Oriental Insurance and United India Insurance

indian rupee vs us dollar

Reduce your life insurance premium through insurance ladder: 6 power points

Life cover requirements increase when you assume greater financial responsibility such as marriage and birth of a child.

Issuance of e-insurance from Oct 1 will make the processes more efficient: Yashish Dahiya

FCI moots proposal to raise Rs 40,000 cr via bonds from Life Insurance Corporation

As per the proposal of Food Corporation of India, the 10-year bonds will be redeemed at 10 per cent per annum. It will be raised at government security interest rate plus 30-40 basis points, which com

LIC

Despite risk awareness, most Indians prefer not to spend on home insurance

Around 75% of respondents were aware of the importance of home insurance and 64% of homeowners were aware that earthquakes and other natural calamities posed the highest risks to their house. Despite

home loan

Only 30% people have insured their homes in India: Survey

Most people in the country prefer not to spend on a home insurance policy despite awareness on the need for the cover , a Bajaj Allianz General Insurance survey said.

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