Page 13 - Insurance
SBI Life eyes 40% growth in new business premium
Total premium collection by the insurer in last fiscal was about Rs 21,000 cr
 "SBI Life eyes 40% growth in new business premium")
ICICI Lombard allots Rs 1,620-cr worth shares to anchor investors
The company's Rs 5,700-cr IPO opens on Friday and closes on Tuesday
 "ICICI Lombard allots Rs 1,620-cr worth shares to anchor investors")
ICICI Lombard sets IPO price band, looks to raise Rs 5,700 crore
ICICI Bank, the majority shareholder of ICICI Lombard, will dilute 31,761, 478 of its equity shares
 "ICICI Lombard sets IPO price band, looks to raise Rs 5,700 crore")
Reliance General Insurance gets in-principle Irdai nod for IPO
Reliance General Insurance outperformed industry growth rate of 30% and reported 41% growth in FY17
 "Reliance General Insurance gets in-principle Irdai nod for IPO")
Consent of clients must to use Aadhaar for e-KYC
The insurers have to maintain KYC records of their clients
 "Consent of clients must to use Aadhaar for e-KYC")
Readers' Corner: Life Insurance
Since life insurance is long-term contact, it is difficult for policyholder to change renewal date
 "Readers' Corner: Life Insurance")
HDFC Ergo-HDFC GI merger could face a few questions in post-GAAR era
There is no doubt the deal is value positive for existing shareholders
 "HDFC Ergo-HDFC GI merger could face a few questions in post-GAAR era")
India Inc on record fundraising spree; Rs 62,000-crore IPOs filed with Sebi
QIPs near all-time high in 7 months
 "India Inc on record fundraising spree; Rs 62,000-crore IPOs filed with Sebi")
Insurance firms tap blockchain for ease of transaction
13 companies to create pool of policyholder data; to lower cost for insurers
 "Insurance firms tap blockchain for ease of transaction")
Individual agents, marketing firms to soon be part of Irdai database
Measure to help curb cases of data duplication
 "Individual agents, marketing firms to soon be part of Irdai database")
Insurers close doors on GM cars, thousands of Chevrolet owners to be hit
Move follows carmaker's decision to exit India
 "Insurers close doors on GM cars, thousands of Chevrolet owners to be hit")
Saurabh Agrawal to succeed Ishaat Hussain in Tata insurance JVs
There is also a possibility of divesting some companies that are not on the group's priority list
 "Saurabh Agrawal to succeed Ishaat Hussain in Tata insurance JVs")
HDFC Life files draft paper with Sebi for IPO
Embedded value pegged at Rs 13,220 crore in June
 "HDFC Life files draft paper with Sebi for IPO")
SBI General Insurance plans product for protection from malware attacks
The insurance product in the pipeline would be customised separately for individuals, institutions
 "SBI General Insurance plans product for protection from malware attacks")
Life insurers' new business premium surges 47% to Rs 20,428 cr in July
The country's life insurance firms earned Rs 13,854 cr as premium from new biz in the same month
 "Life insurers' new business premium surges 47% to Rs 20,428 cr in July")
GIC Re to broad-base premium streams
Currently, 95 per cent of the GIC's premium income comes from the non-life insurance segment
 "GIC Re to broad-base premium streams")
Premiums may go down for good drivers, low car usage
A device can be installed for insurer to get real-time data tracking driving behaviour
 "Premiums may go down for good drivers, low car usage")
Irdai to work with govt to create simple platform for KYC
Chairman said though Aadhaar is not mandatory, it was the simplest form of KYC document
 "Irdai to work with govt to create simple platform for KYC")
Irdai directs LIC to reduce stakes in L&T, ITC to 15% by Dec 2018
The general insurance business grew 31% last year and life insurance 25%
 "Irdai directs LIC to reduce stakes in L&T, ITC to 15% by Dec 2018")
Indian insurance firms lagging behind in digital investment: Report
Country lags in both level of digitisation, ability to realise financial returns compared to world
 "Indian insurance firms lagging behind in digital investment: Report")
