Page 33 - Insurance
Edelweiss Tokio receives Irdai approval to raise foreign stake
Tokio Marine to infuse over Rs 525 cr to fund expansion plans
 "Edelweiss Tokio receives Irdai approval to raise foreign stake")
We're looking at acquisition opportunities: Rajesh Sud
Interview with MD & CEO, Max Life Insurance
 "We're looking at acquisition opportunities: Rajesh Sud")
Product mis-selling top-most complaint in life insurance but shows y-o-y decline
The finding was made by Integrated Grievance Management System, the repository of the insurance industry complaints
 "Product mis-selling top-most complaint in life insurance but shows y-o-y decline")
Kotak Life Insurance launches new product in UP
Kotak Premier Life is a limited premium payment and participating whole-life plan
 "Kotak Life Insurance launches new product in UP")
Apollo Hospitals Group to sell 23.3% stake in Apollo Munich Health Insurance
The deal values the insurer at Rs 703 crore
 "Apollo Hospitals Group to sell 23.3% stake in Apollo Munich Health Insurance")
Budget 2016: Insurers seek tax sops for term, home insurance in Union Budget
Say that products with long term tenure of over 10 years must be given more breaks than current limit of Rs 1.5 lakh
 "Budget 2016: Insurers seek tax sops for term, home insurance in Union Budget")
Insurance sector may get over Rs 12,000 cr FDI in 2016: Assocham
The investment push has come as a result of liberalisation of foreign investment ceiling from 26% to 49%
 "Insurance sector may get over Rs 12,000 cr FDI in 2016: Assocham")
Alice Vaidyan new CMD of GIC Re
Vaidyan to hold the office of the national reinsurer till July 2019; she is also the first chairperson in the Indian insurance industry
 "Alice Vaidyan new CMD of GIC Re")
New crop scheme to boost agri insurance business, say insurers
Industry expects the business to grow from Rs 5,000 cr currently to Rs 13, 000 cr by the end of FY17
 "New crop scheme to boost agri insurance business, say insurers")
CCEA nod must to clear some insurance FDI hikes
Rules say foreign equity investment cap of 49% is applicable to all Indian insurance companies
 "CCEA nod must to clear some insurance FDI hikes")
Insurers should have long-term digitisation roadmap: BCG-FICCI report
Insurers around the world increasingly digitising front end sales processes as well as back end processes
 "Insurers should have long-term digitisation roadmap: BCG-FICCI report")
Chennai floods insurance claims touch Rs 4,800 crore
Motor insurance to account for largest number of claims, public sector insurers to be worst hit
 "Chennai floods insurance claims touch Rs 4,800 crore")
Indian reinsurers to get first preference in treaties: IRDAI Chairman
The right of first refusal will be with the domestic reinsurer, says T S Vijayan
 "Indian reinsurers to get first preference in treaties: IRDAI Chairman")
Global reinsurer XL Catlin applies for licence in India
The company expects to commence operations in India later this year
Indian life insurance lagged Asian peers: McKinsey
Says private insurers serving a minuscule segment to meet narrow investment needs
XL Catlin applies for reinsurance licence
The company said it expects to start operations in India later this year
Indian life insurance underperformed Asian peers: McKinsey
Says it is due to sector serving a miniscule segment of users, mainly to meet narrow investment needs
 "Life insurers see 16% growth in new premiums")
New crop insurance scheme interests private insurers
Insurers say scheme would offer premium subsidy and would be more affordable for farmers
 "New crop insurance scheme interests private insurers")
