Page 36 - Insurance

General insurance penetration down to 0.70% in FY15

Industry blames decline on slow economic growth in the period

Use-and-file method for life products may take time

Use-and-file is a method used to approve insurance products on the basis of a declaration, before they hit the market

Munich Re's Ergo to raise stake in joint venture with HDFC for Rs 1,122 crore

After the deal, Ergo's stake in HDFC Ergo General Insurance will go up to about 49%

ICICI Prudential Life launches iProtect Smart

Offers cover against death, critical and terminal illness, accidental death and disability due to an accident

Health Insurance TPA of India to be launched soon

It will help in reducing the turnaround time

TN floods: Insurers look at Rs 200 cr claims for 8 pvt jets

Affected planes are owned by Kalyan Jewellers, TVS Motor, SUN TV, Garuda, Jet Airways etc

Chennai deluge: Fire, auto insurance rule claims

Overall, the claims have exceeded Rs 2500 crore and insurers say that it could touch as much as Rs 2800 - 3000 crore

LIC settles claims on the same day for the victims of the floods in Tamil Nadu

Company also eased procedures for settlement

General insurers to pay Rs 2,500 cr worth claims in Chennai

Sets up special camps to support policyholders

FDI hike in insurance will help deepen penetration: Vijayan

Insurance claims: Pending claims at ombudsman office a thing of the past

Number of complaints coming to Ombudsman has seen a reduction

Irdai tweaks norms for insurance marketing firms

Insurance marketing firms can procure policies of two life, non-life, health insurers each

Senior posts vacant in general insurance biz

These include post of chairman and managing director at National Insurance Company

IRDAI relaxes claims process for Chennai floods

Sector regulator asks insurers to appoint nodal officers

Aegon Religare renamed Aegon Life Insurance

Bennett, Coleman and Company will increase its stake by acquiring Religare Enterprises's entire shareholding

AIA to increase stake in Tata AIA Life to 49%

This will be through the purchase of a 23 per cent stake in the company. The size of the deal was not disclosed

Foreign reinsurers question Irdai proposal

Foreign reinsurers are also planning to take up the matter with the regulator

IIB launches ROHINI to ease inefficiencies in claim settlements

ROHINI will help avoid duplication since every hospital will have one unique identity number

Interpretations on life claim rejection clause vary

Section 45 in new Bill says no claim can be repudiated after three years of policy being in force

AIA group to raise stake in Tata AIA Life Insurance to 49%

Financial details not disclosed; completion of transaction subject to regulatory and govt approvals