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Discuss insurance portability so that it can emerge, says IRDAI chief TS Vijayan

The Insurance Development and Regulatory Authority of India (Irdai) said insurance portability will be the next big issue the industry should take up.

Insurance News

Aviva Life Insurance appoints Karni S Arha as CFO

Aviva Life Insurance today said it has appointed Karni S Arha as its chief financial officer.

Has your insurance policy lapsed? Here are the consequences and what you need to do News

Honda Motor, HDFC ERGO tie up for 2-wheeler insurance

Honda Motorcycle & Scooter India (HMSIL) and HDFC ERGO General Insurance today joined hands to offer discounted motor insurance policies to two-wheeler buyers across the country.

Insurance News

ESIC raises wage threshold to Rs 21,000

The Employees' State Insurance Corporation (ESIC) today raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme.

Insurance News

Insurers go for internal promotions to tide over skills crunch

Faced with acute shortage of skilled manpower in specialised roles, the insurance industry is trying to address the problem by nurturing talent internally.

Has your insurance policy lapsed? Here are the consequences and what you need to do News

Irdai issues investment returns guidelines: Here’s what they mean for policyholders

Buying an endowment policy leaves you with not just an insufficient cover, it gives you very poor returns as well. Your bonuses are at the discretion of the insurer and they have been constantly going

Irdai issues investment returns guidelines: Here’s what they mean for policyholders

LIC would be India’s most valued company if listed: Arun Jaitley

Jaitley was speaking while launching the Diamond Jubilee celebrations of the corporation, the largest financial institution with over Rs 22.10 lakh crore in assets which is over 15 per cent of India's

Insurance News

LIC Ernakulam division ranks 3rd in terms of growth in India

The Ernakulam division of Life Insurance Corporation (LIC) stands tall among all divisions in the country, in terms of growth rate and achievement of premium, a senior LIC official said here today.

Insurance News

LIC eyes Rs 5,000cr first premium income from east

Till August of the current financial year, first premium income collected was Rs 1,939 crore compared with Rs 970 crore collected in the previous similar period

Insurance News

ICICI Lombard ‘selective’ in providing group health insurance

Country's largest private sector non-life insurer ICICI Lombard today said that it is selective in providing group health insurance as the combined ratio is on a higher side in the segment.

Insurance News

LIC to fill posts for 2 MDs; yet to name chairman

State-owned life insurer LIC, which is yet to name a chairman after the incumbent SK Roy in June announced surprise retirement two years ahead of his tenure, is looking at selecting two MDs for which

Insurance News

Insurers to file compliance to investment norms form March

Regulator has asked insurance companies to file periodical report on compliance to investment guidelines from quarter ending March 2017.

Has your insurance policy lapsed? Here are the consequences and what you need to do News

$71 billion economic losses from disasters in H1 2016: Swiss Re

Economic losses from natural catastrophes and man-made disasters rose to an estimated $71 billion in the first half of 2016, of which insurance industry covered $31 billion, or 44 per cent of it, a su

Insurance News

Private life insurance companies register 13 pct growth in APE in July

According to the report, Bajaj Life Insurance, ICICI Prudential Life and SBI Life have delivered more than 10 per cent growth among large players while HDFC Life, Reliance Life and Met Life reported a

We are considering insurance products focussed on condition-management: Cigna TTK Health News

Life insurers post 23% growth in first four months of FY17

Life insurance companies continued to witness positive growth in the new business premium for the first four months of the current financial year.

Life insurers post 23% growth in first four months of FY17

Govt working on reducing livestock insurance premium to 1%

In a bid to encourage more farmers to insure their milch cows and buffaloes, the Centre is discussing with insurance firms to bring down the premium to 1 per cent under the existing livestock insuranc

Indian Rupee vs US dollar News

RBI Deputy S S Mundra warns banks of stern action for mis-selling

In a stern message to banks, Deputy Governor S S Mundra today said the Reserve Bank is "deeply concerned" about mis-selling of insurance products, warning that it may press for making penal provisions

Insurance News

Here’s how FDI soared in sector after easing of insurance norms

Speaking on the sidelines of the CII Insurance Summit, Vijayan said the purpose to bring out a discussion paper on listing of insurance companies was that it would bring in more transparency into the

Here’s how FDI soared in sector after easing of insurance norms

‘Insurers will have to deal with more taxes in GST regime’

The report added that the reinsurance industry is undergoing a major change, with foreign insurers being permitted to set up branch offices in India.

Insurance News

IRDAI mulls uniform discloser norms for listed, unlisted companies

Talking about mergers and consolidation in the industry, he said, customer protection is the key and the regulator will ensure that fair treatment is given to them

IRDAI News

IRDAI issues draft guidelines for listing of insurers

Insurance sector regulator IRDAI today proposed that insurance companies having completed 8 years of operations in case of general/re-insurance and ten years of operations in case of life insurance ca

Insurance News

General insurers expect bumper harvest from new crop insurance

Indian non-life insurers are hoping to reap a bumper harvest estimated around Rs 13,000 crore per annum from the Pradhan Mantri Fasal Bima Yojana (PMFBY), the new crop insurance scheme, and the toplin

Insurance News

‘State-run insurers’ new scheme lacks focus on profitability’

The proposed scheme would allow development officers retiring on or after March 31, 2016, to be re-appointed as business associates provided they procured a premium ranging between Rs 1 crore and Rs 2

We are considering insurance products focussed on condition-management: Cigna TTK Health News

Irdai asks banks/FIs not to sell insurance policies forcibly

Irdai has directed banking and financial institutions, who act as bancassurance agents for insurance companies, not to forcibly sell policies to their customers or even without their consent.

Irdai asks banks/FIs not to sell insurance policies forcibly

Irdai slaps Rs 15 lakh fine on Shriram General Insurance

Irdai has fined Shriram General Insurance Company Ltd Rs 15 lakh for violating various norms including using services of unlicensed entities, and giving unauthorised discounts in premium.

Insurance News

Indian Railways: Train passengers to avail insurance cover for premium of Re 1

Train passengers booking their tickets online through the IRCTC website will be able to opt for travel insurance cover from September for a premium of just Re 1.

indian railways News

General insurers gross premium in June rises 20%

General Insurance companies in India continue to post positive growth at 20.3% (year-on-year) in gross direct premium in June. Data from General Insurance Council shows private players have continued

Insurance News
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