Page 52 - Insurance

Life Insurance Corporation launches Jeevan Lakshya

The plan offers a combination of protection and savings

IRDAI proposes 14-108% rise in motor third party premiums

Private cars may see 29-108 per cent hike in TP premiums, two-wheelers could see 14-32% hike

Tata AIA life Insurance launches 'Smart Growth Plus'

Smart Growth Plus offers a guaranteed addition of 5.5% of sum assured per annum during the first five years of the policy term

ICICI Prudential Life launches ICICI Pru Smart Life

The product offers a dual protection feature through Smart Benefit

Double whammy for insurance policyholders

Service tax introduced on insurance premiums last year will be hiked to 14%; GST implementation will lead to steeper hikes in premium

IRDAI considering multiple insurer tie-ups for banks

Industry sources said that this is to ensure that banks are not dissuaded from opening up their branch network to other insurers

IRDAI approves Trevor Bull as MD & CEO of Aviva India

Bull has over 35 years of experience in insurance industry across Asia and Europe

IBA, insurers to meet soon on new insurance, pension schemes

The Budget had announced three schemes related to insurance and pension

Spouse, father decide on health insurance for most women: ICICI Lombard survey

Only 39% women hold a health insurance policy, 48% say they don't have one, while 12% are not sure

Insurance marketing firms to enable cross-selling products to BFSI customers

Companies say that existing insurance agents may also look at it as alternate career

LIC south central zone hopes to achieve business target

This year's business target for the region is of Rs 4,850 crore

Govt for Rs 15-lakh cap on accident victim's insurance claim

At present, the compensation liability of insurance companies is subjectively decided on a per case basis by Motor Accident Claim Tribunals

Companies struggle to get deposit insurance

Currently only banks are offered this cover by DIGCC; insurers find it a risky proposition

Companies struggle to get deposit insurance

Currently only banks are offered this cover by DIGCC; insurers find it a risky proposition

Green light to insurance marketing tie-ups

Insurance marketing companies can tie up with two life, two general and two health insurance companies

Insurers to seek clarity on pricing of social insurance schemes

Jeevan Jyoti Bima and Suraksha Bima, with life and accident insurance cover respectively of Rs 2 lakh each, are the schemes under focus

Reinsuarance back-up safeguards GICs from premium loss

As a result the risk premium unlikely to go up in any significant fashion next year

IRDA to end licensing system for insurance agents

Regulator has also been planning to treat health insurance as a stand-alone segment

Insurer's liability in third party motor accidents to be limited at Rs 15 lakh

New Motor Vehicles Act allows a victim to claim any amount in third-party accidents and if the insurer refuses to pay, claimant can approach the court

SBI General launches health plan only for SBI & its associates' account-holders

This would be available at the 20,000 plus branches of the SBI network