Page 49 - Insurance
Nepal quake: Major insurance claims from property damages expected
Insurers begin surveys; easier claim payouts to be facilitated
 "Nepal quake: Major insurance claims from property damages expected")
Insurers, banks oppose mandatory cap on business from one insurer
Irdai has said no corporate agent can get more than 90% business from one insurer in life, non-life or health in their first year of operation
 "Insurers, banks oppose mandatory cap on business from one insurer")
M Nagaraja Sarma to head Health Insurance TPA of India
TPA to begin operations from 1 July, 2015
 "M Nagaraja Sarma to head Health Insurance TPA of India")
Maharashtra ropes in Swiss Re to streamline crop insurance schemes
Proposes village level surveys to assess crop loss instead of circle level through satellite imaging
 "Maharashtra ropes in Swiss Re to streamline crop insurance schemes")
RSBY customers left in limbo; uncertainty prevails over future of scheme
Uncertainty prevails over future of scheme
 "RSBY customers left in limbo; uncertainty prevails over future of scheme")
Coverfox.com raises Rs 75 cr in Series-B from Accel, SAIF partners
Coverfox had earlier raised $2 mn in a Series-A round from Accel India and SAIF partners
 "Coverfox.com raises Rs 75 cr in Series-B from Accel, SAIF partners")
 "Dena Bank, Union Bank tie up with insurers for social schemes")
Insurance reforms & their implications
Business Standard takes you through the reforms and their impact on the policyholder
 "Insurance reforms & their implications")
Star Health Insurance launches new version of comprehensive insurance
Under this policy, Rs 2.5 lakhs would be given for bariatric surgery
 "Star Health Insurance launches new version of comprehensive insurance")
Insurance surveyors & loss assessors' numbers may decline
This is because of an expected business drop owing to smaller claims going out of their purview
 "Insurance surveyors & loss assessors' numbers may decline")
PSU banks to tie-up with insurers for social schemes by June 1
Insurers to offer Rs 2 lakh accident cover for a premium Rs 12 a year and life cover of Rs 2 lakh for an annual premium of Rs 330
 "PSU banks to tie-up with insurers for social schemes by June 1")
Insurers propose to transfer liability burden to car owners
With limited liability of Rs 15 lakh in third-party motor insurance, accidents could get a lot costlier for the insured
 "Insurers propose to transfer liability burden to car owners")
Rs 2 lakh ceiling for life insurance policies sold through CSCs
Only products that are approved for it can be sold for the CSC model
Car owners may see faster claim settlement
With Irdai proposing to increase the limit for appointing external surveyors to Rs 50,000, things should get simpler for smaller claims
 "Car owners may see faster claim settlement")
PNB MetLife banks on health insurance product to drive sales
MetLife Major Illness Premium Back Cover, a health insurance policy that covers 35 critical illnesses, was launched in the city on Wednesday
 "PNB MetLife banks on health insurance product to drive sales")
MP to launch its own crop insurance scheme
CM Shivraj Singh Chouhan has been advocating a national debate on crop insurance scheme which should be farmers friendly
LIC ups holding in NMDC to 10%, stake valued at Rs 5,440 cr
Prior to this acquisition, LIC held 8.11% stake in iron-ore mining company
 "LIC ups holding in NMDC to 10%, stake valued at Rs 5,440 cr")
Iyer, Vohra vie for Irdai post
R K Nair had retired as member (finance & investment) in mid-March
 "Iyer, Vohra vie for Irdai post")
 "PNB MetLife forays into health insurance segment")
RBI notifies hike in FDI cap in insurance sector
According to the guidelines, for FDI beyond 26% and up to 49%, government approval is needed
 "RBI notifies hike in FDI cap in insurance sector")
