Page 43 - Insurance

Tie-up with multiple insurers for banks to be optional

Corp agents given an option to tie up with up to nine insurers, three each in life, non-life and health

LIC to launch Ulip by end of August

Insurer has already received approval from regulatory authority

Insurers may not pay for Nestle's losses

Commercial general liability insurance cover that the firm availed of usually only pays for bodily damages

Health Insurance TPA of India to start operations in Sept

Claims settlement of public sector general insurers to be quicker through in-house health TPA

Tax horror defying Modi causes AIG to snub India deals

Global catastrophes cause losses of $37 bn

Losses in Nepal were around $5 bn and of those, only around $160 million were insured

PSU general insurers on promotion spree, elevate 21 DGMs to GMs

In PSU general insurance space, GMs are No 2 in rank and equivalent to exec directors at state run banks

Use-and-file may soon be permitted for general insurance products

Officials say the regulator has accepted most parts of working group report

Aviva to increase stake in Indian business to 49%

With government increasing FDI limit in insurance to 49%, the British insurer wants to cash in on the opportunity

Irdai to hasten online approvals

Aims to clear products within a month; advisory panels constituted for promoting e-commerce

HDFC Life launches term product for CSC channel

It is a non-participating term insurance plan with annual premium as low as Rs 112

SBI Life launches 'Smart Humsafar'

Provides financial protection to husband and wife under a single policy

Irdai looks to simplify approval process for online products

Regulator may introduce a different process of 'file and use' for online products

Jan Suraksha policies can be social sector obligation for insurers

This comes as a big relief to insurers who had sought clarification from Insurance Regulatory and Development Authority of India on this issue

LIC nets Rs 231 cr premium in pension scheme in UP

VPBY is an insurance scheme for senior citizens above 60 years of age and was launched on 15 Aug 2014

New health cover for bank employees to be ready by month-end

As per new wage agreement, employees of all 43 IBA-member banks are to be provided with a health insurance cover by their respective banks

Insurance firm valuations remain an enigma: CII-Towers Watson study

It noted insurers remain upbeat about the sector's prospects

Life Insurance Council gets executive council

Three private insurers' representatives including Reliance Life, Bharti AXA Life, PNB Metlife elected; LIC head to become chairperson

Life insurers pip general insurers on premium growth in June quarter

We will be one of the first insurers to hike stake to 49%: AEGON Asia chairman

Q&A with Douglas Henck, chairman and CEO, AEGON Asia