Page 48 - Insurance
Customer loyalty has improved in insurance: IMRB International study
Findings show that compared to other channels like Bancassurance, customers who bought through agents have weaker perceptions about the companies
Swiss Re appoints Kalpana Sampat as Principal Officer and Managing Director
She served 15 years as chief of Customer Service and Operations at ICICI Prudential Life Insurance
BCCL to buy out Religare stake in life insurer
Bennett, Coleman and Company Limited has been a stakeholder in the life insurer ever since its inception in 2008
 "BCCL to buy out Religare stake in life insurer")
Deepak Iyer appointed as MD & CEO of Bharti AXA General
He is expected to join by June-end
 "Deepak Iyer appointed as MD & CEO of Bharti AXA General")
Irdai proposes to tighten registration norms
According to the draft, new companies being registered will need to comply with the provision of "Indian owned and controlled"
 "Irdai proposes to tighten registration norms")
Jan Suraksha: Social security for masses, pricing woes for insurers
Insurers and banks have said they won't be able to earn significant revenue from these schemes
 "Jan Suraksha: Social security for masses, pricing woes for insurers")
One year on, e-insurance still to catch up
Not even 10% of all policies in the industry have been digitised, due to resistance from both, industry players and customers
 "One year on, e-insurance still to catch up")
Bharti's insurance ventures' valuation grows mutliple times
Valuation of stake grew 10 times in general insurance and 21 times in life insurance
 "Bharti's insurance ventures' valuation grows mutliple times")
'Motor products get highest preference online in non-life insurance segment'
The finding was part of a joint report by Google India and ICICI Lombard General Insurance
 "'Motor products get highest preference online in non-life insurance segment'")
Canara Bank ties up with LIC to launch insurance schemes
Pradhan Mantri Jeevan Jyoti Yojana will be launched nationwide on May 9
 "Canara Bank ties up with LIC to launch insurance schemes")
Star Union Dai-ichi Life achieves breakeven in sixth year
Insurer's maiden profit in FY15 stands at Rs 13 cr; new premium business up 12% at Rs 630 cr
Tata AIA Life launches money back plan
Plan offers protection solution including built-in double coverage for accidental death
 "Tata AIA Life launches money back plan")
LIC ups its stake in NMDC by 2% at Rs 1,116.17 cr
Govt as promoter company owns 80% equity in NMDC
 "LIC ups its stake in NMDC by 2% at Rs 1,116.17 cr")
Transfer of shares in insurers that leads to shareholding change not allowed: IRDAI
The regulator said that they would conduct their own due diligence for approval of such a transfer
 "Transfer of shares in insurers that leads to shareholding change not allowed: IRDAI")
Jan Suraksha: Claim servicing may be a challenge
The plans have a cover of Rs 2 lakh each, with a premium of only Rs 12 a year for accident insurance and Rs 330 for the life product
 "Jan Suraksha: Claim servicing may be a challenge")
Natural catastrophe pool still remains a distant dream
Currently, India doesn't have a single cover for all catastrophic incidents
 "Natural catastrophe pool still remains a distant dream")
 "New India Assurance to focus on health, motor portfolios")
Aegon Religare Life Insurance to expand portfolio through riders
Will focus on direct sales channel, digitalisation
 "Aegon Religare Life Insurance to expand portfolio through riders")
Insurers to ramp up teams for grievance redressal after Irdai whip
Irdai has asked insurers to handle policyholder grievances with seriousness, promptness and empathy to enhance the trust and confidence in the insurance sector
 "Insurers to ramp up teams for grievance redressal after Irdai whip")
