Cheaper insurance policies for investors soon? Irdai e-policies move may help

Insurance Regulatory and Development Authority of India (Irdai) has come out with the exposure draft on selling and servicing insurance policies through the e-commerce platform.

Don’t use force to obtain discharge voucher: IRDAI to insurers

Regulator IRDAI today directed general insurance companies not to use coercion or force to obtain discharge vouchers or receipts of settlement of claims, from insured persons.

Jharkhand government to launch medical insurance for BPL families

Stating that dialysis facility would be started in eight districts within the next one-and-a-half month, Das said BPL families earning Rs 72,000 per annum would be provided free dialysis...

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Ships get relief from piracy insurance premium at Indian ports

Ships entering or leaving Indian ports are not required to pay a piracy-related additional insurance premium now, a move which will help thousands of the vessels.

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HDFC ERGO to turn into third largest general insurer after Rs 551cr L&T unit buy

HDFC ERGO General Insurance said on Friday it has acquired L&T General Insurance, a wholly owned subsidiary of Larsen & Toubro, reports fe Bureau in Mumbai.


HDFC ERGO to acquire L&T General Insurance for Rs 551 crore

HDFC ERGO, non-life insurance arm of housing finance major HDFC, today said it will acquire L&T General Insurance for Rs 551 crore in an all-cash deal.


National Insurance gearing up for share sale

Public sector National Insurance Company (NIC) is gearing up for its maiden share sale either through strategic divestment or initial public offer (IPO).

Terminally ill can’t be denied insurance claim: HC 

In a landmark judgement, the Punjab and Haryana High Court has ruled that the family of a terminally-ill person, who decides to stop treatment against medical advice and dies, cannot be denied insuran

LIC eyes doubling policy sales at 4 crore; to hire 2 lakh agents

Giving itself an ambitious target, insurance behemoth LIC aims to double its business in terms of new policy issuance to four crore in the current fiscal and will hire two lakh new agents to augment i

Life Insurance Company, LIC policy sales, 2 lakh hires

LIC eyes doubling policy sales at 4 crore; to hire 2 lakh agents

Giving itself an ambitious target, insurance behemoth LIC aims to double its business in terms of new policy issuance to four crore in the current fiscal and will hire two lakh...


General insurers’ April gross direct premium grows 12%

General insurance companies started the current financial year on a positive note with gross direct premium in April growing by around 12% year-on-year (Y-o-Y).

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

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

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

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.

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.

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.

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

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.

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

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

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

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.

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.

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.

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

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

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