Non-life insurance companies will take a slight hit due to recent flight disruptions in Europe. Claims will arise from overseas travel insurance policies which cover delay or cancellation of flights.

Insurers face some hit on week's flight disruptions

Business Standard

Sachin Tendulkar, the captain of Mumbai Indians, may miss Sunday&rsquo;s Indian Premier League (IPL) final against Chennai Super Kings owing to injury and yet get Rs 50 lakh. That&rsquo;s because his team management has purchased an insurance cover that, among other things, includes loss of income to a player due to injury.

Sachin in the stands could cost Oriental Rs 50 lakh

Riding on recovery in auto sales and retail health segments, the general insurance industry recorded 13.4 per cent growth in gross premium collected during the last financial year.

Non-life insurers clock 13.4 per cent growth in 2009-10

Bharti AXA General Insurance company is targeting a 70 per cent growth in premium collections during the current financial year.

Bharti AXA eyes 70% growth in premium

Insurance companies planning to go ahead with the launch of new Unit Linked Insurance Plans (Ulips) may have to face criminal prosecution from the Securities and Exchange Board of India (Sebi), say experts.

Insurers may face criminal charge for new Ulip launch

To restructure its sagging business and repay its $182.3-billion bailout, the once global insurance leader American International Group (AIG) today said it would sell its Asian life insurance unit American International Assurance (AIA) to British insurance major Prudential for $35.5 billion.

Prudential snaps up AIG's Asian unit for $35.5 bn

Press Trust of India

The Tatas will have to either buy out the 26 per cent stake in its life insurance joint venture or rope in another partner if Prudential UK buys out the Asian life insurance business of American International Group (AIG).

Tatas may have to buy out AIG in insurance joint venture

American International Group Inc&rsquo;s biggest asset sale since the insurer&rsquo;s 2008 government bailout reduces pressure on Chief Executive Officer Robert Benmosche to dismantle more of the company.

AIG's $35.5-bn sale reduces taxpayer 'wrath' on insurer

Aegon Religare Life Insurance (ARLI), a joint venture of the Netherlands-based Aegon and India&rsquo;s Religare Enterprises Limited, has targeted a premium amount of Rs 240 crore in the current financial year, which is its first full year of operations.

Aegon Religare eyes Rs 240 cr premium

Serious political differences and time constraints will prevent the Manmohan Singh government from passing the contentious Insurance (Amendment) Bill in the current session of Parliament.

Insurance Bill hits opposition wall

The pilot &lsquo;Weather Based Crop Insurance Scheme&rsquo; (WBCIS), which is aimed to insure wheat farmers in Haryana against adverse weather conditions, seems to have hit a snag, as the state government failed to issue the notification regarding implementation of the scheme.

Weather-Based Crop Insurance Scheme hits roadblock in HRY

The four public sector general insurance companies &mdash; New India Assurance, National, United India and Oriental Insurance &mdash; have decided to work with only a handful of third-party administrators (TPAs) to manage claims in the health segment more efficiently.

Public sector insurers to rationalise TPAs

After hitting the bottom in the first six months of 2009, rates of most non-life insurance products increased during the second half of the year.

Fire, health insurance  likely to become dearer

Market regulator the Securities &amp; Exchange Board of India (Sebi) and the Insurance Regulatory &amp; Development Authority (Irda) have started talks to iron out differences over the regulation of unit-linked insurance plans (Ulips).

Irda, Sebi look to resolve Ulip row

Private sector insurance companies have more than three times the outstanding number of death claims on individual insurance policies compared to state-owned Life Insurance Corporation of India (LIC), Finance Minister Pranab Mukherjee told the Rajya Sabha on Tuesday.

Private insurance firms have more death claims than LIC: FM

Insurers widen age limit to between three months and 65 years.

Coming soon: 'Portable' health policies

These products would be a mix of Unit-Linked Insurance Plans (ULIPs) and traditional insurance products.

Aegon Religare to roll out five insurance products

Likely to kick off operations in end-March or early April.

SBI General's imminent debut ruffles existing players

Insurance Regulatory &amp; Development Authority (Irda) Chairman J Hari Narayan on Friday acknowledged the difference of opinion with the capital market regulator on regulating unit-linked insurance plans (Ulips) and called for clarity on aspects that can result in regulatory overlap.

Ulip: Multiple regulators may not be healthy, says Irda chief

Insurance regulator may link solvency margin with management expenses.

Insurers face expense scrutiny

SBI General Insurance today launched its operation in a limited geographical area. It has received regulatory approval for two products in the fire and property segment.

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