Page 11 - Insurance

HDFC Life reports 24% growth for FY18, 40% jump in Q4 net at Rs 3.47 bn

Its total income was down at Rs 81.34 billion, during the March quarter of 2017-18

Insurers set fresh terms for liability insurance for bank boards' directors

The controversies linked to Chanda Kochhar, Shikha Sharma and others are forcing insurance firms to renegotiate rates for directors' indemnity

Insurance blockchain will save industry $5-10 billion: Why, what and how

Insurance executives said that they will be ironing out all the compliance, data methodology and reporting, and governance issues together with the regulators over the next few months

ICICI Lombard upgrading forensic methods to detect insurance claims fraud

ICICI Lombard is utilising the services of professionals, the latest technologies and forensics to verify insurance claims

With HDFC merger failing, Max Life wants to be a digital organisation

Max Life policies grew 18 per cent in 2018 after a growth of about 1.9 per cent in the preceding year

Irdai bars insurers from rejecting claims based on genetic disorders

Move follows order by Delhi HC on the issue; insurers will have to de-list 'Genetic Disorders' from list of exclusions

Corruption at regulator? Irdai member aided, abetted graft, says SAT

The tribunal has directed Irdai to entrust the matter to an officer other than Joseph for passing a fresh order

GIC-RE eyes global footprint with entry into Lloyd's trading in April

SAARC region's largest re-insurer names seasoned Lloyd's market practitioner as Active Underwriter; targets 60:40 domestic to international biz ratio

BS Insurance Round Table 2018: How insurers fared after going public

While listing on the bourses has improved visibility, low penetration and shift to financial savings will drive growth

BS Insurance Round Table: Real challenge is how to run NHPS, says expert

Heads of leading insurance companies came together to share their views on the sector

Cash-rich PSU general insurer may be asked to buy out smaller ones

In the 2018-19 Budget, FM Jaitley proposed merging three public sector general insurance companies into one single insurance entity

Looking at Ulips due to LTCG tax? Mutual funds still the best long-term bet

The Union Budget 2018 has imposed an LTCG tax of 10 per cent on investors in stock markets who sell their shares after one year

BS Insurance Round Table 2018: Govt's health scheme needs realistic pricing

Discussions around the health insurance scheme were the major talking point at the Round Table, considering the scale and ambition of the project

SBI Life Insurance Q3 standalone net rises 21% to Rs 2.3 billion

SBI Life said the increase in net premium income was primarily due to increase in retail new business premium and also due to increase in renewal premium from retail business

SoftBank examining ways to back online insurance aggregator PolicyBazaar

SoftBank is in talks with Indian insurance start-up PolicyBazaar without pushing foreign investment above 49%.

LIC sells over 2% stake in Merck via open market transaction; stock up 19%

Over 5.5 lakh shares of the company were traded on both NSE and BSE stock exchanges

Insurance blockchain consortium awaiting regulatory nod to grow nationally

IBM looks forward to general insurance firms coming on board

National Insurance IPO deferred to next financial year

Notably, the IPO of the companies received a lukewarm response from retail investors

Irdai permits insurance firms to begin offshore business from GIFT IFSC

For export of services, insurance companies operating from IFSC are exempted from GST

Panel suggests host of changes in life insurance sector

The panel has suggested to "lower the mandatory proportion of G-Secs' in the Life Fund and the Pension and General Annuity Funds