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

Irda no to short cut on agent sales

Business Standard

For one, insurers will have to offer a minimum prescribed return.

New Ulip norms from Sept 1, policyholders to benefit

Life insurers may have to postpone their public listing plans and take longer to break even than originally anticipated, as a result of the new unit-linked insurance policy norms which take effect from Wednesday.

IPO, break-even plans of insurers likely to be delayed

Zero cost of pursuing such products makes for an easier option.

Insurers focus on single premium products

To request Irda to postpone the September 1 deadline to meet the new norms.

Insurers want 180 days grace period for premium default

Other downstream investment by Indian-owned foreign banks to be treated as FDI.

Insurance firms of private banks get FDI cover

Reliance Life Insurance Company (RLIC) plans to double its market share in the entire life insurance business to 10 per cent from the current 5.5 per cent in the next three years, RLIC President and Executive Director Malay Ghosh said here today.

Rel Life plans to double market share in 3 years

The government today allowed Life Insurance Corporation of India (LIC) and a few other finance companies to issue tax-free infrastructure bonds. An investment up to Rs 20,000 in these bonds will qualify for income tax deduction.

LIC, others get nod for tax-free infra bonds

Pilgrims visiting Puri during the famed Ratra Yatra festival will have their lives insured against accidental death and amputation of legs and hands.

Puri temple administration to insure Rath Yatra

I am going to shift from Mumbai to Delhi. For this, I have taken a transit insurance for furniture and other items.

General Insurance: Gaurav Garg

You might have to shell out 50 per cent extra premium to get treatment at the country&rsquo;s high-end hospitals.

Insurers may charge 50% more for high-end hospitals

The Haryana government today selected Ambala Block-II for insurance of the paddy crop under its Crop Insurance Scheme.

Insurance scheme for paddy begins in Haryana

L&amp;T General Insurance, the wholly owned subsidiary of engineering major Larsen &amp; Toubro limited (L&amp;T), on Monday said it would start operations within six to ten weeks. The company recently received a R3 (the final licence) from the insurance regulator.

L&T General Insurance to start operations soon

Along with Irda, will put their case before the parliamentary standing committee today.

Insurers want pool for nuclear plants

The life insurance industry has gained from the uncertainty over regulation of unit-linked insurance plans (Ulips), the investment-cum-insurance products, during the first quarter of the financial year.

Life insurance business zooms in Q1

The Insurance Regulatory and Development Authority (Irda) has issued grievance redressal guidelines for insurance companies.

Irda issues grievance redressal guidelines

Anticipating a fall in sales of pension products after new guidelines kick in from July, life insurance companies are making a strong pitch to sell these this month.

Insurers push pension products this month...

The insurance regulator&rsquo;s recent proposal to tighten guidelines for referral agencies has created turmoil in the industry.

Insurers divided on Irda&#39;s proposed regulations on referrals

In what may lead to lesser front-loading of insurance policies, the Insurance Regulatory and Development Authority (Irda) plans to spread the commission over the tenure of the policy.

Tweak commission structure: Irda

To demystify insurance products and fill the information gap, the Insurance Regulatory &amp; Development Authority (Irda) has suggested to insurers that they use easy-to-follow language.

Skip jargon, keep it simple, Irda tells insurers

Aegon Religare Life Insurance (ARLI) on Monday announced plans to improve the topline for the current fiscal by expanding its distribution network. The focus of the company would be on increasing the branch network, hiring more life advisers and relationship managers and increasing the footprint of third-party distribution by acquiring a bank partner.

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