Page 41 - Insurance

Jan Suraksha insurance faces fraud claims

Almost all insurers, private and public, taking part in the scheme have faced fraudulent claims

FinMin says no plan to take general insurance companies public

All state-owned general insurers are well-capitalised and don't need capital through IPOs, says head of one such firm

Future Generali eyeing Rs 4,000 cr of gross written premium

The company says its open for partners to expand distribution network in the country

No forceful selling of insurance: Irdai tells banks

Corporate agents guidelines says they can tie-up with three life, non-life and health insurers each; not mandatory

IRDAI may look for Indian faces in all top posts in insurers

While FDI hike by foreign partners to 49% may get them a higher level of shareholding, their role would be limited

Foreign partners' role in insurance ventures to face tougher scrutiny

IRDAI seeks to curb their veto power, board decisions and product strategy, may also insist on Indian chairman

Kotak Mahindra Old Mutual Life eyes 25% growth in new premium

Renewal premium business grows closer to new premium business

Cyber insurance market to touch $7.5 bn globally by 2020: PwC report

The report also showed that 7% of insurance CEOs and 79% of banking CEOs perceive it as a future growth threat

Irdai to make listing a must for large insurers

SBI Life, ICICI Prudential Life and HDFC Life could lead the way

Will direct any life insurer to list if needed: Irdai draft doc

Such company shall within a period of one year from the date of such direction comply with direction issued

'Link CEO/MD salaries to risk'

For GILT-ETFs, invest in actively traded g-sec basket: IRDAI

Regulator says GILT-ETFs issued and managed by mutual funds to be at par with GILT/government securities

EPFO panel approves raising insurance cover to Rs 5.5 lakh

These proposals will be placed before the Central Board of Trustees' in its meeting scheduled on Sept 16

GIC Re seeks clarity on 'national' reinsurer status

Officials say once new entities enter reinsurance, it is not clear what the future of mandatory risk ceding will be

Irdai on policies in electronic form

SBI Life launches CSC product

It is a non-linked, non-participating, variable insurance plan with twin benefits of life insurance cover and savings

Irdai sets up committee on motor vehicle database sharing model

The regulator said that IIBI would obtain data from national level entities such as Aadhar

Life insurers' risk cession to GIC on hold

IRDAI had brought out regulations in 2013 asking life insurers to transfer part of their risks to GIC Re

EPFO likely to raise maximum insurance cover to Rs 5.5 lakh

Proposal to raise insurance benefit for over 6 cr subscribers of EPFO will be put up for approval of Pension and EDLI Implementation Committee on Sept 9

Persistency beyond fourth year remains a challenge for life insurers

Getting customers to stay invested beyond the fifth year has been an issue