Page 19 - Insurance

SBI to divest 3.9% stake in SBI Life for Rs 1,794 cr

An investment vehicle affiliated with KKR-managed funds, and an affiliate of Temasek will each purchase 1.95 crore shares from SBI

Aviva insurance to focus on partnership with digital companies: Trevor Bull

He also adds that demonetisation will help the insurance space in the long and medium term

LIC lists conditions for R-Infra rejig

The move comes as Reliance Infrastructure's billionaire owner Anil Ambani plans to sell stake in the Mumbai power business and pare debt across his conglomerate

IRDAI allows insurers to invest in Basel III bonds

Insurers cannot invest in AT1 bonds of their promoter group bank or where the bank is their corporate agent

Irdai allows insurers to be part of JLF

However, except large insurers like LIC, other insurers might not be active members in the JLF

Guaranteed returns in products could see impact of falling interest rates: Milliman

In a falling interest rate scenario, insurers may lower future bonuses on participating products

Life insurers' total products see 12% jump

The industry had 685 products as on October end 2016 compared to 610 products last year during the same time period

98 mn sign up for govt's accident insurance plan

Public sector banks have outperformed private ones in enrolments

Life insurance policy holders get 30 days more to pay premium

Currently, a person can withdraw up to Rs 24,000 in a week

MNC reinsurers, ITI Re work overtime to start ops as they await R3 nod

French reinsurer Scor Group said it will establish a branch office as soon as it receives R3 authorisation

PoS person is latest channel for selling life insurance

While one will be able to buy insurance quickly, it will only sell products with limited sum assured

Full steam ahead for rail travel insurance?

Of the 695 passengers on board the ill-fated Indore-Patna Express who booked online tickets, only 128 had opted for the insurance, which costs only 92 paise

We should have 5 million customers by 2020: David Mcmillan, Aviva Europe

Aviva India is a life insurance joint venture between the UK's Aviva Plc and the Dabur group

IRDAI sets up committee to decide order of preference in reinsurance

The committee will look into laying down the procedure and modus operandi for order of preference for cessions in respect of all life

Demonetisation: LIC extends grace period for premium payment

Renewal premium of policies, where grace period ends between November 9 and 30, can now be paid without penal interest

SBI Life Insurance new business premium up 77% to Rs 4,644 crore

Renewal Premium grew by 26% to touch Rs 3,715 crore, against Rs 2,496 crore last year

Insurers ask ministry for motor third party claim filing

Since losses in motor insurance have continued to rise, non-life insurers sought relief from ministry

10 candidates in fray for top posts of 3 general insurance companies

Interviews were held in New Delhi for the chairman and managing director posts at Oriental Insurance, United India Insurance and Agriculture Insurance Company

Demonetisation: Cash payments for insurance premium to get no additional breather

Those without adequate cash in lower denominations like Rs 50 and Rs 100 may have their policy lapsed if the 15-day grace period also passes

Irdai specifies rule for Point-of-Sales Person of life insurance

The life insurer in question, Irdai says, shall be responsible for the conduct of the PoSP.