Helps save premium but maturity benefits lower than individual policies.

Opt for joint life policy to secure future

Business Standard

They have invested Rs 25,000-30,000 cr in this financial year.

Redemptions leave insurers with less money for stocks

Despite the low premium and high benefits, the insurance schemes for handloom weavers has virtually remained a non-starter in Uttarakhand.

Insurance schemes fail to catch weavers' fancy

Insurance companies now offer to cover funeral expenses under health and personal accident policy.

Insurers include funeral in personal accident policies

To make its stock market investments transparent and avoid further controversy, Life Insurance Corporation (LIC) has discontinued deals that were first negotiated over the telephone and then executed on the stock exchange platform, according to brokers familiar with the matter.

LIC halts negotiated stock deals for greater transparency

On the back of a strong December 2010 quarter performance, the LIC Housing Finance (LICHF) scrip has rallied by 14 per cent in the last three days as against a muted movement of around 1 per cent for the Sensex during the same period. This surge follows a sharp correction of 41 per cent in the LICHF stock price in the last three months.

Margin concerns may spoil LICHF's growth party

Flexible premium products provide flexibility in terms of the premium and sum assured.

Too complicated for comfort

The new business premium income of the life insurance industry fell by 20 per cent in December compared to the year before.

Life insurers' new biz premium dips 20%

After a tough quarter, insurance companies are going through a second round of cost rationalisation. A number of private sector insurers are planning to cut costs, as much as 20 per cent, in the next few months.

Insurance companies to again cut costs

A new business of Rs 4,698 crore in April-December this fiscal.

SBI Life overtakes ICICI Pru as largest pvt insurer

Press Trust of India

The critical role in meeting the government&rsquo;s Rs 40,000-crore disinvestment target for the current financial year is likely to be ultimately played by the old guards, Life Insurance Corporation (LIC) and the public sector banks (PSBs).

Govt mulls LIC, PSBs to save divestment target

Though the four state-owned general insurance players have been the most vocal critics of the Insurance Regulatory and Development Authority's (Irda) proposal to wind up the commercial third-party motor pool, data on motor pool losses show these companies were bearing additional losses on account of the existing pool mechanism.

Motor pool losses hit state-owned insurers the most

Life insurance companies planning to tap the equity market through initial public offerings (IPOs) would have to secure a &quot;written&quot; approval from the Insurance Regulatory and Development Authority (Irda), before applying to market regulator Securities and Exchange Board of India (Sebi).

Life insurers' public issues will need Irda approval

Be prepared to spend more on your automobile insurance covers. The Insurance Regulatory and Development Authority (Irda) is set to replace the current commercial third-party motor pool with a 'declined pool', which would, in a way, free prices and enable insurers to implement a risk-based pricing model.

'Declined' pool set to raise Motor Insurance premiums

Though the Insurance Regulatory and Development Authority (Irda) has just released the norms for initial public offerings (IPOs), insurance companies are hardly queuing for listing.

Insurance companies in no mood for public issues

Public sector lender Syndicate Bank has shortlisted four firms, three domestic insurance companies &mdash; Aviva Life, Reliance Life and Birla Sun Life - and a foreign insurer, Avantha Ergo, for its proposed venture in the life insurance space.

Syndicate Bank shortlists 4 for life insurance venture

The gross premium underwritten by the 20 non-life insurers across all the five segments during the six-month period between April and September, 2011 grew 25 per cent to Rs 25,883.58 crore as compared with Rs 20,691.72 crore in the corresponding period last year. The figures were released by the Insurance Regulatory and Development Authority (Irda).

Non life gross premium up 25% in H1

Lower premiums or higher benefits for the same cover justify a switch. But watch out for hidden costs.

Do you know when switching policies makes sense?

Annual insurance premiums have more than doubled.

Injuries stump BCCI off the field!

A Bill to increase the paid-up capital of Life Insurance Corporation (LIC) of India to Rs 100 crore from the current Rs 5 crore and make the insurer conform with the same regulatory requirements as other life insurers was passed in the Lok Sabha on Monday, but not before giving anxious moments to the treasury benches.

Nod to up LIC's paid-up capital

Says companies should ensure policyholders&rsquo; liabilities remain &lsquo;ring-fenced&rsquo;.

Page 111 - Insurance