Page 42 - Insurance
Experian's Hunter to detect life insurance fraud
The credit info company looking to offer similar services to general insurers as well
 "Experian's Hunter to detect life insurance fraud")
Common service centres to increase cost for insurers
Apart from cost concerns, insurers are also worried about using this channel as it deals with cash
 "Common service centres to increase cost for insurers")
Deficit monsoon hits LIC's new premium income
Business contribution of urban and rural areas to LIC is roughly in the ratio of 60:40%
 "Deficit monsoon hits LIC's new premium income")
5 things to know before buying a life insurance policy
Ask for clarification on investment products before investing rather than after putting money
 "5 things to know before buying a life insurance policy")
E-insurance may become mandatory for all policyholders
Those opting for paper-based policies may have to pay in future
 "E-insurance may become mandatory for all policyholders")
Irdai to allow insurers to invest in GILT-ETF
Would invest in a basket of government securities actively traded in the market
 "Irdai to allow insurers to invest in GILT-ETF")
Festive season to lift motor insurance sales
The sector could witness a growth of upwards of 20%, aided by new product launches in the two-wheeler and four-wheeler space: experts
 "Festive season to lift motor insurance sales")
Irdai allows insurers to issue preference shares with some conditions
Says instruments must have been issued and paid-in in cash
 "Irdai allows insurers to issue preference shares with some conditions")
BFSI Sector Skill Council to train insurance agents
The move comes as the insurance sector battles increasing attrition of agents
 "BFSI Sector Skill Council to train insurance agents")
Edelweiss Tokio Life gets FIPB approval for Tokio Marine to raise stake to 49%
Foreign partner will bring in up to Rs 540 cr with fresh issuance
 "Edelweiss Tokio Life gets FIPB approval for Tokio Marine to raise stake to 49%")
E-insurance may become compulsory for all policyholders
Consumers may have to pay for physical copy; digitisation expected to save at least Rs 100 cr annually
Life insurers' pension business plunges 90% in FY15
The pension business of life insurance players is down to a meagre Rs 2,000 crore in 2014-15, from Rs 20,000 crore in 2009-10
Coming soon, health insurance scheme for all
Cover could range from Rs 50,000-1 lakh with premium from Rs 1,000-2,400
 "Coming soon, health insurance scheme for all")
Insurance commission sub-limits to be removed: IRDAI chairman
Regulator to define control in corporate governance guidelines
 "Insurance commission sub-limits to be removed: IRDAI chairman")
More insurance products for pension space needed: CII-EY report
Too frequent regulatory interventions prevented industry from settling down
 "More insurance products for pension space needed: CII-EY report")
Star Health Insurance launches revised Senior Citizens' Red Carpet
Expenses on medical consultation as on out patient incurred in network hospitals is at Rs 200
Irdai refuses any say to foreign partners
Even after raising stake to 49%, foreign insurers can't decide on strategy or products
 "Irdai refuses any say to foreign partners")
LIC targets young professionals with ULIP
Provides dual benefits of risk cover and benefits of investment markets
 "LIC targets young professionals with ULIP")
LIC to launch Ulip on August 19
Called 'New Endowment Plus', the product will offer insurance and investment in one plan
State-run general insurers' common TPA launch postponed again
The third party administrator was being set up with an investment of over Rs 200 cr by the four general insurers
