Page 34 - Insurance

Irdai says Ulip share in new premiums rose in FY15

Irdai proposes fitness discounts in health insurance

Insurance for crude oil importers from Iran to take time

While oil companies were asking for a cover of Rs 9,500-11,000 crore, the government offered only Rs 2,000 crore

Irdai proposes graded approach for non-compliance by brokers

Insurance regulator says this is to simplify the application of penalties in case of non-compliance/ violation of regulations

IRDAI to adopt graded approach for violations by brokers

Move by regulator is aimed at simplifying application of penalties in case of non-compliance or violations

Insurers, online distributors now file joint declarations on product commissions

Move is to ensure all charges are transparent and there is a fair disclosure on payments to web brokers, aggregators

PSU general insurers outpace pvt players in premium collection

All the four state-owned non-life insurers - New India Assurance, Oriental, United and National - mobilised a total premium of Rs 35,000 cr in nine months to December against Rs 31,300 cr during the f

Top level rejig at Max Group after Max India Ltd demerger

Analjit Sigh will now be the founder and chairman emeritus of Max Group and Rahul Khosla has been elevated as the president of the group

'Insurance payout for natural disasters in 2015 was 31% below average'

Aon Benfield's report states that 300 separate natural disasters occurred in 2015, causing a combined total insured loss of $35 billion

Pure term insurance products may see price hike with revised commissions

Other life policies with longer tenures of 12 years or more may see additional loading

IRDAI proposes higher commissions for agents, says insurers can give rewards

Regulator caps rewards at 20% of first year commission for individual agents, and 40% for insurance intermediaries

Irdai, insurers push for protection-based plans

Such plans, which offer full financial stability to the policyholder's family, are now 45% of total life insurance products

HDFC Life sets up subsidiary at Dubai International Financial Centre

The subsidiary will offer reinsurance capacity to ceding insurers, may also directly underwrite insurance contracts

Coverfox to launch specialised products, services for users

CEO Varun Dua says online portal will also launch a full bouquet of life insurance products

Coverfox to offer specialised products to buyers

Online insurance broking firm also plans to launch full bouquet of life insurance products on the portal

Complaints against health insurers rise 2% in FY15

Industry players blame "lack of understanding" among customers about policies as main reason for spike

Engineering insurance growth slows

There has been a 10-12% drop in the premiums under fire and engineering policies

Four public sector insurance companies settles 32% of claims received after flood

Out of 19,500 claims for estimated Rs 2,519 crore, 6,237 claims for a total of Rs 104 crore have been settled till last week

Indian reinsurers may get priority

After the final guidelines for opening of branch licences for foreign reinsurers was out, several companies, such as Swiss Re, Munich Re & Hannover Re have applied for licences

Bajaj Allianz launches micro term insurance

Targets small income groups in rural parts of country