Child insurance policies on offer are still inferior to pure term policies.

Banking on parental anxiety

Business Standard

Insurance companies hitting the public market will have to appoint an independent actuary as part of IPO and M&amp;A norms to carry out valuations.

Independent actuary must for insurers going public

As producers rush to insure their films from delays in launch due to unforeseen circumstances such as a strike or a natural calamity, insurers are offering covers at lower rates.

Insurers cut rates as film makers rush for cover

The Insurance Regulatory and Development Authority (Irda) has asked all life insurers to disclose the information on premium awaited-policies, in order to measure the persistency rate, or the renewal rate of policies.

Irda asks insurers to disclose premium-awaited policies

Vijay is the name of the character that Amitabh Bachhan has played in many of his movies. In most cases, Vijay belonged to the underprivileged class.

Insurers bank on celebrity appeal

Cholamandalam MS General Insurance Company (Chola MS) has set a target to close the current financial with a premium income of Rs 900 crore, an increase of 32 per cent compared with Rs 680 crore last year, said S S Gopala Rathnam, managing director, Chola MS.

Chola MS eyes Rs 900cr premium income

Traditionally, women have been home makers. The scenario has changed drastically in recent times. In tandem, insurance for women has changed too. In India, in the early years of the insurance industry, the trend was to insure only male lives. The logic was the bread winner was the male and it was against his lost income that cover was required. A major additional disincentive was the extra risk to female lives that was an inevitable part of the childbirth process.

There are products tailored for specific needs of women

To help the farmers mitigate the loss on account of flood, drought and disease in animals, Iffco-Tokio General Insurance, the private general insurer, plans to start a pilot project on cattle insurance in Orissa.

Iffco-Tokio to launch pilot project on cattle insurance in Orissa

Thrissur-based Dhanalakshmi Bank has cloaked a net profit of Rs 6.05 crore for the quarter-ended June 30, as against Rs 3.06 crore during the corresponding period last year. Profit before tax surged 210 per cent to Rs 9.63 crore compared with Rs 3.10 crore a year ago.

AIG owes more than $38 billion on the credit line.

Provident and pension funds are doing what banks did not &mdash; purchase oil bonds. Over the past year or so, these fund managers, who manage a corpus of over Rs 25,000 crore between them, have developed a market for oil bonds which was earlier largely confined to Life Insurance Corporation (LIC).

Provident, pension funds create market for oil bonds

The strike was in response to the call given by the All India Insurance Employees&rsquo; Association.

LIC employees on strike

Insurance major Aviva returned to the black with profits of &pound;747 million for the first six months of this year on the back of strong contribution from its general insurance business, among others.

Aviva posts 747-mn pound profit in the first half of  2009

Press Trust of India

The Insurance Regulatory Development Authority (Irda) has turned down a proposal from the Life Insurance Corporation of India (LIC) to set up points of presence under the New Pension Scheme that would have helped in collecting subscription from investors.

Irda ignores LIC on NPS retailing

In an attempt to check mis-selling, the Insurance Regulatory and Development Authority (Irda) is planning to increase the lock-in period for unit-linked insurance plans (Ulips) from three to five years.

Irda may up lock-in for Ulips to 5 yrs

Having already inducted around 4,000 insurance advisors, private life insurance company, Aegon Religare is planning to recruit 8,000 more across India. The company plans to do so within a span of next four months. Of these, the company will be hiring about 2,000 advisors for Gujarat, said Yeteesh Srivastava, chief marketing officer, Aegon Religare.

Aegon Religare to recruit 8000 insurance advisors nationwide

A guide to the new expense rules on ulips.

Net yields may still be low

The Insurance Regulatory and Development Authority (Irda) has asked non-life insurance companies to move towards risk-based pricing.

Irda asks non-life insurers to adopt risk-based pricing

Haldia Petrochemicals may get Rs 310 crore insurance claim for a fire that engulfed a part of the mother plant on July 2 this year.

Haldia Petro may get Rs 310 cr for fire losses

The government and financial sector regulators have prevailed on Insurance Australia Group (IAG) to route its investment in a general insurance venture with State Bank of India through Singapore, instead of the original proposal to bring the money through a Mauritian subsidiary.

Regulators ask SBI's insurance partner to avoid Mauritius route

Issuances of certificates of deposit (CDs) and commercial papers fell today as mutual funds &mdash; regular investors in the market &mdash; refrained from investing due to limited inflows in their liquid and liquid plus schemes, dealers said.

CD issuances dip as MF demand falls

You can now surrender your unit-linked insurance plan (Ulip), purchased from a life insurer, after four years without having to pay any charge. This was announced by the Insurance Regulatory and Development Authority (Irda) today.

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