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.

SBI General kicks off operation

Business Standard

The focus has changed from the pursuit of new business to reducing cost, improving efficiency and building sustainability.

Insurers talk profitability ahead of IPOs

As part of a drive to curtail losses, the four public sector general insurance companies are going in for a makeover.

State-owned general insurers look to shape up

To encourage insurers to be diligent in their underwriting, India&rsquo;s sole homegrown reinsurer has offered to share a portion of its profits from reinsured risk.

GIC plays catalyst for cleanup in non-life insurance

The first private equity deal in the Indian health insurance sector is set to be sealed soon.

ICICI Venture taps health insurance sector

Policyholders have become cautious and want to ensure that their capital is secured, even though the returns may be low.

Guaranteed products make a comeback

It is not often that the regulator and chief executives of insurance companies come together to discuss issues facing the industry.

A new business model has to develop to increase insurance penetration and make it more useful: Irda Chairman

Insurance companies have played a key role in steadying the bourses during the downturn.

Kingpins in the markets

Better control on management expenses and income from investments helped top five life insurance companies pare losses in the third quarter of the financial year.

Life insurers put a lid on losses

The norm: Cap on expenses at 22% of overall expenses after 5 years of operations.

Life insurers to Bring down management expenses

These products are being designed for the individuals as well as corporate customers.

Oriental Insurance to roll out five new products in 2010-11

Cholamandalam MS General Insurance Company Limited (Chola MS) is planning to close the current financial year with a premium of Rs 800 crore, an increase of around 17 per cent compared with last year.

Chola MS eyes Rs 800 cr premium this fiscal

One of the leading life insurance companies, Max New York Life, announced the launch of I&ndash;Genius, a comprehensive parent&ndash;child nurture programme. The I-Genius programme will support talent development of children by identifying and rewarding those who display all-round skills. The program will also support parents in their quest to provide enabling environment for multi-faceted growth of their children.

Max Life unveils I-Genius

The paid-up capital of the Chennai-based general insurer before infusion was Rs 217 crore while authorised capital was Rs 250 crore.

Chola MS infuses Rs 50 crore capital

Since life cover is not meant for children, parents should opt for MFs or FDs.

Child cover for corpus creation

Insurance companies may increase investments in the nation&rsquo;s stocks by 24 per cent to a record $21 billion next financial year as premium collections rise, according to India&rsquo;s largest private insurers.

Insurers may pump record $21 bn in stocks

Child insurance is the new buzzword in life insurance. Seeing huge growth potential in this segment, insurers are pushing sales by introducing innovative products for a child&rsquo;s education and protection.

Insurance firms just love your anxiety for your child

The Visakhapatnam division of Life Insurance Corporation of India (LIC) expects a 37 growth in new premium collection in the current financial year as compared with last fiscal.

LIC-Vizag eyes 37 growth in new premium income

Life Insurance Corporation of India (LIC) aims to achieve a premium collection of Rs 3550 crore in 2009-10 in the eastern central zone comprising the states of Orissa, Bihar and Jharkhand.

LIC targets Rs 3,550-crore collection

The country&rsquo;s largest life insurer, Life Insurance Corporation of India (LIC), is aiming to collect Rs 18,000 crore through its new close-ended unit linked insurance plan (Ulip) &mdash; its highest target since it launched the Jeevan Astha scheme in December 2008.
Hoping to cash in on the demand for tax-saving options ahead of the close of the financial year, LIC has launched Wealth Plus, a Ulip guaranteeing returns equal to the highest net asset value (NAV) during seven years, while the

LIC looks to mop up Rs 18,000 cr from new Ulip plan

With stock markets remaining volatile, guarantees linked to equity investment are gaining popularity in the life insurance space. If last year was the year of guarantee on traditional plans, this year is about guaranteeing the highest net asset value (NAV) for unit-linked insurance plans (Ulips).

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