Page 32 - Insurance

CCI approves Nippon Life stake hike in Reliance Life to 49%

Nippon Life had announced its plan to hike the stake to 49% at an investment of Rs 2,265 crore

IRDAI to maintain caps on broker commission

However, chairman T S Vijayan said he was ready to discuss the quantum of upper limit

Private insurers might junk PM's Jan Suraksha schemes

Jan Suraksha scheme incorporated a personal accident policy, a term plan and a pension plan

Insurers have to live with Section 45

This particular section says that a life insurance policy cannot be rejected after three years of being issued

LIC mops Rs 1,650-crore new premium in UP

In the past two months, the public sector behemoth had launched three new policies -- Jeevan Labh, Jeevan Shikhar and Jeevan Pragati

Private insurers may reduce exposure to non-retail motor insurance

Insurers' claim ratios have even exceeded 150 per cent in certain periods in this space meaning that the claim amount exceeded the premium collected

Unified insurance package for farmers to cover life

The components in the united package include the Fasal Bima Yojana, fire insurance, agriculture pump-set insurance and life insurance

Health insurance uptake higher among elders, says Max Bupa survey

The survey showed that 72 per cent of those in age group of 46-54 years while 68 per cent of those in 55-60 years bracket own a health insurance policy

As insurance claims rise, premiums to go up

The premiums could see an upward revision of 10-20% in the next financial year

General insurers consider risk modelling for calamity covers

Insurers suffered losses Rs 10,000-cr losses in past three years owing to natural calamities

Telenor adds 4 mn subscribers to free life insurance scheme

Company has more than 11 mn subscribers UP East circle

General insurers look at risk modelling for natural catastrophe covers

Insurers consider these steps as losses through catastrophes have risen in the past two years

Diluting stake in insurance subsidiaries to take time: SBI

The bank has already announced plans to lower its stake in insurance ventures - SBI Life Insurance and SBI General

New India Assurance reports profit of Rs 747 cr for April-December period

The company recorded a global premium of Rs 13,219 cr, recording a growth of 14.42%

Insurance industry seeks hike in tax exemption limit

Suggestions part of insurance sector wish-list for Budget 2016-17 to be presented on Feb 29

Price correction needed in non-life sector, says IRDAI chairman

Says some revision in pricing is required especially in areas like insurance for natural catastrophe

LIC invests Rs 53,000 cr in equity markets

Chairman S K Roy says they have been net buyers this year since markets have been down

LIC to launch its e-services today

Policyholders can pay premiums, access claim status, get renewal information, among others

SBI Life eyes 30-35% growth over next 3 years

Company expects 40% rise in new business premium this financial year

Mis-selling topmost complaint in life insurance, but declining slowly