It will encourage long-term savings and help incremental flows come into life insurance sector, says LIC
With organ transplants gaining popularity, insurers are now offering to cover expenses
Treatment costs were higher due to use of tertiary hospitals that increased from 43% to 49% in case of retail customers
IRDA's Vijayan said the investment calculations have been based on factors like GDP growth, inflation figures, rupee stability and production numbers in next five years
Companies can approach SAT against any Irda order, penalties among other things
UP is acknowledged as a developing market, especially for financial products
The company, which recently launched an assured income plan, is planning to launch a group gratuity product and a bundled product in the current financial year
Insurers are hopeful that things will improve during the remaining part of the fiscal
Rates set to increase 200 per cent & upwards, to be implemented from February 1, 2015
The Bill aims to increase foreign direct investment in the sector from 26% to 49%
The insurance regualator has asked insurers, who often offer discounts of up to 90%, to better price fire, property and group health risk
Feature can be offered only after filing with regulator
The company has also entered retail health insurance by launching 'Liberty Health Connect Policy'
Insurers welcome bill, but seek clarity on FDI route and Indian management control
Maharashtra tops with highest share in total motor insurance premium collected across India
Rajya Sabha select committee proposes composite cap, call on infusion of fresh equity or sale of existing stake to be taken by respective companies
Revised Section 45 says no claim can be repudiated after three years of policy being in force, even if a fraud is detected
Routing standard general insurance products in rural areas through CSCs is easier and cheaper than setting up branch operations
Industry estimates suggest the size of the cover could be well above Rs 200 crore