Page 16 - Insurance
PSU insurers gain big from ITC as private players, MFs turn responsible
But globally insurers, fund houses have been staying away from investing in sectors like tobacco
 "PSU insurers gain big from ITC as private players, MFs turn responsible")
Irdai unveils online market place for selling policies by insurers
Regulator said companies may offer discounts to customers if their policies are sold online
 "Irdai unveils online market place for selling policies by insurers")
LIC to soon get bankers on board for managing lending operations
LIC has been into business of insurance but they don't have expertise on loan risk assessment
 "LIC to soon get bankers on board for managing lending operations")
ICICI Pru, HDFC Standard take 10% stake in Capital SFB
CSFB, country's first in new category of Small Finance Banks, started operations on Apr 24 last year
 "ICICI Pru, HDFC Standard take 10% stake in Capital SFB")
Avantha calls off life insurance venture with ERGO
JV announced in Nov 2012 stands dissolved; second-time unlucky ERGO begins hunt for new partner
 "Avantha calls off life insurance venture with ERGO")
LIC's new premium policy growth jumps 26% to Rs 1.2 lakh crore in FY17
State-run insurance behemoth witnessed degrowth in terms of policies during the year under review
Religare to exit Religare Health Insurance for Rs 1,040 cr
PE firm True North will buy Religare's entire 80% stake in RHI
 "Religare to exit Religare Health Insurance for Rs 1,040 cr")
Birla Sun Life raising team of women insurance advisors
Targets 10,000 direct sales personnel pan India, says 50% women advisors among top-100 performers
 "Birla Sun Life raising team of women insurance advisors")
General insurance premium set to go up from April 1 as Irdai gives go-ahead
The change in premium after modification will be limited to +/- 5 per cent of the existing rates
 "General insurance premium set to go up from April 1 as Irdai gives go-ahead")
SBI Life set to enter Bahrain in next financial year; to focus on NRIs
At present, around 40 per cent of SBI's 20,000 branches sell SBI Life's products
 "SBI Life set to enter Bahrain in next financial year; to focus on NRIs")
SES opposes DHFL insurance hive-off plan
Cites incomplete disclosures; firm says deal beneficial to shareholders
Decision on stake dilution likely in Q1 of FY18: SBI Life
After that SBI Life Insurance will begin the regulatory process for IPO
Non-life insurers' premium income grows over 33% in February
Gross premium income stood at Rs 10,288 cr in Feb 2017, up from Rs 7,711 cr a year ago
 "Non-life insurers' premium income grows over 33% in February")
With regulator Irdai's go-ahead, non-life premia are set to shoot up
To protect their bottom lines, non-life insurers may up premiums in certain segments by 10-15%
 "With regulator Irdai's go-ahead, non-life premia are set to shoot up")
Non-life insurers' February premium up 33% at Rs 10,287.74 cr
Their gross premium stood at Rs 7,710.81 crore in the same month a year ago
 "Non-life insurers' February premium up 33% at Rs 10,287.74 cr")
GIC, NIA to be listed before October
Centre expects good valuation on them once they make their market debut
Insurance regulator mulls segmented balance sheets
The regulator's concern is that current premiums in group health segment are not justified
 "Insurance regulator mulls segmented balance sheets")
Irdai to ask for segmental reporting of balancesheet
The regulator's concern is that current premiums in group health segment are not justified
 "Irdai to ask for segmental reporting of balancesheet")
LIC to step up income from non-single premium in FY18
Income saw 8% growth at Rs 13,646 cr in Apr-Dec 2016 as against Rs 12,617 cr a year ago
 "LIC to step up income from non-single premium in FY18")
Irdai scanner on car insurance policies
Once car buyers buy costly insurance, they do not get any support from the insurance companies
 "Irdai scanner on car insurance policies")
