Page 22 - Insurance

HDFC Ergo eyes 45% sales growth post-merger

The general insurance company has recently completed acquisition of L&T General Insurance

Cabinet readies for listing of PSU insurance firms

A note is being prepared for the listing proposal to be presented before Cabinet

LIC coffers swell by Rs 10,000 crore as automobile stocks zoom

Value of holding in five auto companies up 32% to Rs 42,000 crore since April

Insurers strive to meet e-policy deadline

Firms, repositories have to give e-document to customers by October 1; transition will be smooth, they claim

Mumbai mandals secure bumper insurance for Ganesh Chaturthi

Total event insurance worth Rs 500 crore covers public liability, terrorism, fire, money and personal accident

LIC Nagpur division settles claims of Rs 58 crore in FY17

The life insurance behemoth is celebrating its diamond jubilee this year

LIC to fill posts for 2 MDs, still to name its chairman

Government had cancelled the post of the fourth MD, the move came even after it interviewed five EDs for the same a year ago

Pvt life insurance companies register 13% growth in APE in July

According to a report by Kotak Institutional Equities, Bajaj Life Insurance, ICICI Prudential Life and SBI Life have delivered more than 10% growth

Muthoot Finance gets upgradation in rating for long term debt: ICRA

Long term debt rating covers debt instruments of above one year

Policy sales through CSCs still low

Insurers say mere collection and remittance of premium itself costs more money than allowed by the regulator

Apollo Munich cuts policy issue time to 7 minutes

Firm said to be relying on app, Ampower, to simplify the sale process and make turnaround faster

After new norms, FDI flow at Rs 16k cr: Irdai chief

This, after the FDI limit has been raised to 49% from existing 26%

Irdai plans to make insurers' listing a must

General, life insurers with 8 & 10 yrs in biz, respectively, may have to list

Insuring success

The landscape of bancassurance promises to be shape-shifting, post Max Life-HDFC Life merger

SBI Life embedded value at Rs 12,999 crore

The company reported net profit of Rs 215 cr for the first quarter of FY17

Behind the scenes: The making of India's largest private insurer

Max Life was busy scouting for insurers it could buy. Then, HDFC Life happened

Individual versus family floater policy

3:7 swap ratio for Max, HDFC Life merger

Transaction to be completed in 12 months; combined entity to be worth around Rs 65,000 cr

Fraud claims leave life insurers in a fix

Section 45 which says that no claim can be rejected after three of the life insurance policy being in force still remains a bone of contention among insurers

Bajaj Allianz Life looks at new bank tie-ups to boost growth

At present, it only has a tie-up with Dhanlaxmi Bank as a bancassurance partner