With Irda revoking assurance, pension plans may not offer as much as other long-term products.

Undefined returns = no guarantee

Business Standard

I plan to invest in a unit-linked insurance plan (Ulip).

Life Insurance: Deepak Sood

To standardise asset liability management practices followed by insurance companies, the Insurance Regulatory and Development Authority (Irda) has asked insurers to develop an asset liability management (ALM) policy.

Form asset-liability management policy, Irda tells insurers

Young and driving a red car? Get ready to fork out more on your car insurance! Aided by sophisticated research data, car insurers are designing products based on the colour of the car and the age, profile and gender of the driver.

Pay high premium for your red hot car

Lower premium collection during the first quarter of the current financial year has led the country's largest institutional investor, Life Insurance Corporation (LIC) of India, to revise its equity investment target for 2011-12.
The life insurer now expects to invest Rs 35,000-40,000 crore in equity markets, against the earlier target of Rs 60,000 crore for 2011-12.
&ldquo;Equity investments depend on various parameters like premium collection, sales of unit-linked plans, term plans and

LIC scales down equity investment target

With rising costs and higher risks involved, Ganpati mandals in Mumbai are going the extra mile to protect their idols, jewellery and devotees. Insurance sums for these mandals have almost tripled, compared to last year.

Insurance for Ganpati mandals rises

Nine advisory committees to suggest sector-wise solutions.

Govt gets cracking on key reforms hanging fire

Healthcare is costlier than a stay in a five-star hotel. Clearly, it is beyond the means of the common man. One-time hospitalisation can wipe out a lifetime's savings. So, mediclaim policy, as a welfare measure to bring the cost of decent healthcare within the reach of the average citizen, was introduced. Yet, insurance companies, which willingly accept premium year after year, are reluctant to settle legitimate claims. They look for excuses to reject these.

Insurer cannot arbitrarily refuse policy renewal

Air India would have to pay 15 per cent more for its annual insurance policy, set to come up for renewal on October 1. At Rs 160 crore, it would be the highest premium outgo for the largest airline operator in the country. Last year, the premium outgo was Rs 136 crore.

AI insurance premium set to rise 15%

Insurance companies have been capitalising on the misperception that a comprehensive motor insurance policy (CIP) does not cover persons travelling in a car or sitting astride the pillion of two-wheelers. Most consumers believe the policy only covers loss or damage to the vehicle and third party accident claims.

Comprehensive insurance covers car occupants and pillion riders

If not satisfied with the way a grievance has been addressed, try the ombudsman forums before taking to legal redressal.

Hike in premiums need to be reasonable

The premium collection of the life insurance industry in India dipped 21.8 per cent to Rs 26,794 crore during the April to July period as against Rs 34,249 crore reported in the corresponding period last year.

Life insurance premium collection down by 22%

I am planning to buy a term insurance from a private company.

Life Insurance: V Philip

IndiaFirst Life Insurance, jointly promoted by Bank of Baroda, Andhra Bank and Legal &amp; General, is planning to introduce health and pension products before March. The JV is also proposing to enter the microinsurance business in the first quarter of next fiscal.

IndiaFirst to introduce health, pension products next fiscal

Move to restrict industry growth, say insurers.

Irda tightens norms for third-party agents

A motor insurance policy covers the liability of a policyholder, which he/she may become legally liable to pay on account of bodily injuries by a third party in an accident involving the insured vehicle. This provision is under the Motor Vehicles Act, 1988. The insured should notify the accident to both the local police and the insurance company. Copies of the relevant documents, such as the first information report, driving licence and the claim registration form must be submitted to the insurer within a reasonable time.

General Insurance: Gaurav Garg

It is important to be prepared with a corpus to meet expenses that arise suddenly.

You will need more than insurance

&lsquo;Investment skewed towards debt this year&rsquo;.

No anomaly detected in bribe case yet: LIC

With the Budget just round the corner, insurance companies have suggested a separate limit for deductions under Section 80C of the Income Tax Act, for long-term saving instruments like life insurance and exempt exempt exempt (EEE) treatment on the maturity proceeds of products.

Insurers want separate tax deduction limit

Insurance Regulatory and Development Authority (Irda) today released a framework for amalgamation of non-life insurance companies to ensure smooth functioning of the sector.

Irda releases norms for amalgamation of non-life insurance firms

Policyholders can now switch insurer and carry the benefits of the previous health insurance policy. The Insurance Regulatory and Development Authority (Irda) today allowed portability of health insurance products. It will be applicable for all existing and new contracts from July.

Page 101 - Insurance