Despite the insurance regulator proposing risk charge for debt instrument across all rating grades, except state and central government securities, the insurance companies will continue investing in those instruments due to attractive returns and keep their investment portfolio diversified

Risk charge on debt papers not to affect insurers' appetite

Business Standard

Insurance companies are keen to offer fund(s) approved under the Rajiv Gandhi Equity Saving Scheme (RGESS) to potential policyholders for unit-linked insurance plan (Ulip).

Insurers want to tap RGESS to push Ulip sales

Tata Capital Growth Fund, a private equity fund managed by Tata Capital, is planning to pick up stake in Chennai-based Star Health & Allied Insurance Company Ltd. The deal value is estimated to be around Rs 124 crore.The country's first standalone health insurance company already backed by PE majors including ICICI Venture and Sequoia Capital.While two sources directly involved in the deal confirmed that the fund has agreed to infuse the money for a minority stake, Star Health chairman-cum-managing director V Jagannathan said it was too early to comment.The sources said the fund had agreed to infuse $23 million and in the next few weeks deal will be signed.Sequoia Capital has invested around Rs 140 crore in Star Health Investments Pvt Ltd (an SPV floated to promote Star Health Insurance) for around 40 per cent, while ICICI Venture has invested Rs 130 crore for a 24 per cent stake directly. Some of the other major investors include Oman In

Tata Capital to pick up stake in Star Health

BS Reporter

Insurance companies often trample on consumers&rsquo; right to information by suppressing material information. Despite specific guidelines in place for settlement of claims on a non-standard basis, insurers withhold these from the insured, so that they can reject the claims, rather than settling these on a non-standard basis.

Read the policy fine print

First-year premium collection by life insurance companies declined 11.89 per cent in April, compared to the corresponding period last year.

Life insurance premium collection dips 12% in April

The Life Insurance Corporation (LIC) of India's south zone, which covers Andhra Pradesh and Karnataka, has registered a total new premium income of Rs 13,000 crore in 2010-11, which represents a 50 per cent growth over the previous year.

LIC south zone sees 50 pc premium growth in FY11

I am 34 years of age and earn Rs 28,000 a month. I plan to retire around 50. I need a substantial corpus to take care of all my expenses after retirement. For this, I plan to take a pension plan.

Life Insurance: Deepak Sood

Cholamandalam MS General Insurance Company Ltd (Chola MS), a joint venture between Chennai-based Murugappa group and Japanese insurance firm Mitsui Sumitomo Insurance Group, is targeting a premium of Rs 1,400 crore, in the current fiscal, marking 40 per cent growth, said a senior company executive.

Chola MS targets 40 pc growth in premium

Buying insurance for your vehicle is no guarantee that the insurer will pay for all damages. Insurers can reject claims that do not meet the company&rsquo;s internal policy criteria. At times, certain avoidable mistakes are committed by consumers that make their claims invalid.

Why are motor claims rejected? 

The Insurance Regulatory and Development Authority (Irda) today released regulatory guidelines for mergers and acquisitions (M&amp;As) for non-life insurance companies.

Irda releases M&A guidelines for general insurance firms

Insurance is a legal contract and, hence, the insurer should charge premium according to the terms of the contract.

General Insurance: Gaurav Garg

Some life policies offer the benefit of indexation.

Life Insurance: V Philip

There are more restrictions on policies from life insurers as compared to a mediclaim.

Health policies: To buy from life or general insurers?

Max New York has launched a unit-linked insurance plan called &lsquo;Fast track&rsquo;. Pegged on the promise it will help customers accumulate more wealth in a shorter duration, the premium amount begins at Rs 1 lakh. The maximum policy term is 20 years. But, the customer has the option to choose a shorter duration of 10 years.

High-end product with competitive charges

Bank-promoted life insurance companies have opposed the Insurance Regulatory and Development Authority&rsquo;s (Irda) bancassurance committee recommendations. If accepted by the regulator, these will allow each bank to tie-up with two life insurance companies for selling life covers.

Bank-backed insurers oppose  dual distribution model

Insurance companies will get another opportunity to bid for the Union government&rsquo;s ambitious health insurance project, &lsquo;Central Government Employees and Pensioners Health Insurance Scheme&rsquo;.

Insurers get second chance to bid for CGHS project

I want to cancel my motor insurance policy and buy one from another insurer.

Just like a regular insurance cover for the house one is living in, one can also buy a cover for a property likely to remain unoccupied for 30 days or more. This period can vary across different insurers. You could take a cover under property insurance, which covers only damage caused due to a fire. You could also opt for a home insurance package that covers 10-12 scenarios such as fire, burglary, loss of contents, etc. Even if you have purchased a regular home insurance cover and plan to keep your property unoccupied for some time, you are expected to inform the company about it.

What is insurance for unoccupied property? 

State Bank of Hyderabad (SBH) today announced a free personal accident cover of Rs 1 lakh as an add-on service for its existing and new savings account holders.

Page 103 - Insurance

Risk charge on debt papers not to affect insurers' appetite

Insurers want to tap RGESS to push Ulip sales

Tata Capital to pick up stake in Star Health

Read the policy fine print

Life insurance premium collection dips 12% in April

LIC south zone sees 50 pc premium growth in FY11

Life Insurance: Deepak Sood

Chola MS targets 40 pc growth in premium

Why are motor claims rejected?

Irda releases M&A guidelines for general insurance firms

Life Insurance: Deepak Sood

General Insurance: Gaurav Garg

Life Insurance: V Philip

Health policies: To buy from life or general insurers?

High-end product with competitive charges

Bank-backed insurers oppose dual distribution model

Insurers get second chance to bid for CGHS project

General Insurance: Gaurav Garg

What is insurance for unoccupied property?

SBH adds free accident insurance to its SB services