Despite Irda&rsquo;s good moves, insurance policies should be bought for cover, and not for investment.

Only for the risk-averse

Business Standard

Insurers are pushing riders with term plans. You may not need most of these.

Choose riders on cover carefully

Leading corporate hospitals, which are out of the preferred provider network (PPN) of public sector health insurance firms, will offer standardised treatment packages for nearly 250 procedures to see their PPN status restored soon.

Private hospitals meet insurance firms today

Corporate hospitals may restore cashless treatment to policyholders of the four public sector health insurance firms in a week.

Cashless hospital cover may return in a week

Listing plans of life insurance companies may take longer, with the delay in raising the foreign direct investment (FDI) cap to 49 per cent from the present 26 per cent.

Insurance IPOs unlikely till hike in FDI cap

RSA Insurance Group Plc, the UK&rsquo;s biggest non-life insurer, made a 5 billion-pound ($7.8 billion) bid for Aviva Plc&rsquo;s general insurance business in the UK, Canada and Ireland, according to two people with knowledge of the situation.

RSA said to bid $7.8 bn for Aviva's assets

Life insurance companies are likely to reduce premium on their products after an updated mortality table comes into force, which will take into account rise in life expectancy of Indians.

Life cover may get cheaper

After setting stiff norms for unit-linked insurance plans (Ulips), the Insurance Regulatory and Development Authority (Irda) is planning to cap charges on traditional products within three months.

Irda may cap fee on basic policies

T o enhance transparency in unit-linked insurance products (Ulips) and protect the interest of policyholders, the Insurance Regulatory and Development Authority (Irda) has asked life insurers to disclose the underlying conditions and elements while advertising products.

Irda mandates disclosures in Ulip advertisements

I have an ongoing unit-linked insurance plan (Ulip). I want to enhance my cover. My insurance company does offer additional life cover as a rider. However, a term plan from another company for the same sum insured works out to be slightly cheaper.

Life Insurance: Kamesh Goyal

State-owned general insurance companies are planning to introduce health insurance products, designed to suit the need of different consumer groups.

Health insurance products to have greater choices

Press Trust of India

If you are planning to buy a term insurance policy, consider buying one online. Close on the heels of Aegon Religare Life Insurance Company&rsquo;s online term insurance plan, iTerm, ICICI Prudential Life Insurance has launched a similar plan &mdash; iProtect. Aegon Religare&rsquo;s plan has been in the market for over a few months now.

Buy online plans, but only for limited sum assured

&ldquo;My entire staff is looking forward to a holiday,&rdquo; says J Hari Narayan, chairman, Insurance Development and Regulatory Authority (Irda).

Irda begins clearing new Ulips

The Insurance Regulatory and Development Authority (Irda) has asked insurers to issue show cause notices to and abstain from doing any business with 884 corporate agents who had not registered their PAN (permanent account number) with the agency licensing web portal.

Insurers told to issue notices to corporate agents

Last week, Tata AIG General Insurance launched a jewellery and valuables insurance cover for high net worth individuals &mdash; a first of its kind. While both public and private general insurance companies have jewellery insurance covers, they are a part of the householder&rsquo;s policy.

Accurate valuation is the key

Private life insurer ING Life India today said it would continue to focus on selling traditional products vis-a-vis Unit Linked Insurance Plans (Ulips).

ING Life banking on traditional products vis-a-vis Ulips

ING Life India, part of ING group today launched their new non linked and non participative child plan &lsquo;ING Aashirvad&rsquo;, which helps parents plan for their child&rsquo;s future milestone.

ING launches child plan

To compensate for the expected drop in sales of life insurance policies after the new guidelines on unit-linked insurance plans (Ulips) kick in from September 1, life insurance companies pitched for more business in the first four months of the financial year.

Life insurers' new business income up 56% in April-July

Insurers to raise threshold to give returns prescribed by Irda.

Minimum investment in Ulips to go up

Having already infused Rs 90 crore, private insurer Aegon Religare Life Insurance (ARLI) would further infuse around Rs 360 crore capital in the current financial year. Additional investment will be done in the ratio of 44:26:30 among the three promoters&mdash;Religare, Aegon and Bennett, Coleman &amp; Co, respectively. Currently, the total capital base stands at Rs 660 crore.

Aegon Religare to infuse Rs 360 cr in capital base

Disfavours insurers&rsquo; plan to have life agents sell non-life plans.

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