Companies which entered the life insurance business after state-run Life Insurance Corporation lost its monopoly are yet to find a profitably firm footing.

Losses of life insurers widen further

Business Standard

Two consumer-centric proposals for buyers of unit-linked insurance plans (Ulips) and health insurance policies, which were to be implemented from the start of the financial year, are yet to be introduced.

Insurance regulator delays 2 consumer-centric proposals

Bulk deal transactions involve transfer of more than 0.5 per cent of the number of equity shares of any listed company. The recent trend shows that insurance companies are increasing their exposure to select companies, especially banks, via bulk deals.

Insurers up exposure to companies via bulk deals

The Insurance Regulatory and Development Authority (Irda) has directed insurance behemoth Life Insurance Corporation (LIC) of India to chalk out a plan to reduce its stake in companies where it holds more than 10 per cent.

Draw up plan to cut holdings in cos to 10%, Irda tells LIC

Press Trust of India

By placing rigid norms for life insurance companies which wish to act as points of presence (PoPs) under the New Pension Scheme (NPS), the Insurance Regulatory and Development Authority (Irda) has dashed the dreams of even non-life insurers who wanted to act as pension fund managers (PFMs).

Irda issues strict PoP norms for insurers

After reporting low numbers in new business premium, life insurance companies are resorting to special initiatives to increase business from the rural segment, which they term as emerging markets.

Insurers eye rural areas to revive new business numbers

ING Vysya Life Insurance Company Limited, a part of Dutch financial giant ING Group, has reported a 24 increase in premium income to Rs 1,442 crore in fiscal 2008-09. Total assets under management showed a growth of 32 per cent to Rs 2,600 crore compared with the previous financial year.

ING Life premium income up 24%

The landmark judgment by the Supreme Court to award Rs 1 crore to a patient for medical negligence is likely to push up medical costs for patients and force doctors and hospitals to adopt a defensive healthcare approach.

Medical costs may rise on insurance, new approach

Battered insurer American International Group (AIG), which has received billions of dollars from the US government is looking to sell stocks of its subsidiary American International Assurance Company on an Asian bourse.

AIG plans Asia listing for life insurance subsidiary

The Insurance Regulatory and Development Authority (Irda), has reduced the fee paid by the non-life insurance companies to General Insurance Corporation of India (GIC) in order to manage the motor third party insurance business.

Irda reduces pool administrative charges

ING Vysya Life Insurance Company Limited (ING Life), part of the ING Group, a financial services company, today announced its tie-up with Mumbai-based Suvidhaa Infoserve, a company pioneering in service commerce (s-commerce), to collect insurance policy renewal payments for its customers. Customers of ING Life can now pay their policy renewal premium at over 7,000 Suvidhaa outlets across 300 cities in India, including over 700 outlets in Gujarat.

ING Life, Suvidhaa to roll out over 700 renewal collection  outlets in Guj

Public sector general insurance companies are aiming at a more than 10 per cent reduction in the claims ratio for health insurance in this fiscal year.

Govt insurance firms aim at squeeze on claims

Taking health insurance is part of going abroad, but watch when you choose to make small claims.

Travel insurance claims

The move will lead to transparency and help aged people seeking covers get to know the reasons why they have been refused a policy.

Irda allows entry in new health products till 65 years

What types of insurance do you have - Health, Home, Car and maybe a few more? If you think you&rsquo;ve got as much coverage as you could ever need, think again. What happens if you get bitten by a werewolf? In fact, there are many other parts of your life you could be insuring. Let&rsquo;s look at some interesting and wacky ones.

Crazy covers

LIC Housing Finance (LIC HF), the home finance subsidiary of Life Insurance Corporation of India (LIC), plans to raise additional capital of Rs 500 crore though qualified institutional placement (QIP) and preferential issue of equity shares.

LIC HF to seek capital of Rs 500 crore

ING Vysya Life Insurance Company, a part of Dutch financial giant ING Group, is hiring over 3,000 advisers (agents) every month to distribute its products, according to the company&rsquo;s managing director and chief executive officer, Kshitij Jain.

ING Life to add 15,000 agents

At a time when some life insurers are planning to list on Indian bourses, the Insurance Regulatory and Development Authority (Irda) is working on a methodology to arrive at their valuations.

Irda plans valuation roadmap in 15-20 days

Aegon Religare Life Insurance is expecting a 150-175 per cent growth in premium collections this fiscal. Last financial year, during its nine-month of operations, the company collected Rs 52 crore as premium, said Yateesh Srivastava, chief marketing manager, Aegon Religare Life Insurance.

Aegon Religare eyes 150 per cent growth in premium in current fiscal

MARKET-LINKED HEALTH plans have advantages, but can hurt during downturns. This one is for the indisciplined investor.

Cover and corpus

The Insurance Regulatory and Development Authority (Irda) today issued guidelines on renewability of health insurance policies applicable to general insurance companies.

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