Page 61 - Insurance

Exide Life launches Life Assured Gain Plus

Under the plan, one pays for 5 years only, while the benefits continue for the full policy term

Insurers can launch 'pilot' products, says Irda working group

Products not approved by regulator within 30 days of filing can be freely sold; approval to be valid for five years

LIC investment in equity market to cross Rs 55,000 cr in FY15

The insurance giant had picked up stocks worth Rs 51,000 cr last fiscal and investments were made across sectors

Health Insurance TPA of India to begin operations by April

Gets Irda nod; external TPAs will continue to serve state-owned general insurers

Now, exclusive insurance for Jains

Put together and subsidised by a community body, and offered by National Insurance, it has had about 100,000 applications

Insurers meet Parliament select panel

It was the second meeting of the panel. It would meet again on Sept 19 and 26 to expedite firming up report

Nod for insurers to buy infra bonds

In July 2014, RBI permitted banks to issue long term bonds for financing infrastructure and affordable housing

LIC Housing Fin to focus on mortgages

Company says this would help it improve margin

Irda asks life insurers to have 'humane' approach for J&K claims

Has told all life insurers to nominate a senior officer who would act as the Nodal Officer in the state

Common services centres fail to draw insurance firms

Irda's licence to CSCs is valid for three years, after which it can be renewed for another three years

Life insurers to grow at 10% on APE basis in FY15: ICRA

In its outlook for the life insurance sector, rating agency says industry has realigned their products to meet regulatory guidelines

Reliance Life launches Reliance Fixed Savings

Reliance Fixed Savings is a non-linked, non-participating and non-variable endowment insurance plan

CLT20 insurance cover set to soar

Each match is covered for Rs 5 cr, at par with IPL matches and higher than CL T20 matches played outside India

New disclosure norms expose insurers' policy-retention claims

Amongst the top insurers, many have registered a decline, while persistency ratios for some have remained flat

Pvt TPAs have nothing to worry, say state-run non-life players

Four state-run general insurers control nearly 70% health insurance market

Competition watchdog probes PSU insurers

The companies are New India Insurance, Oriental Insurance, United Insurance and National Insurance

LIC tops Million Dollar Round Table list

MDRT is premier association for financial services professionals like insurance agents; LIC leads the chart with 6730 MDRT members

Insurers bet big on agri commodities

The insurance coverage for commodities accounts for less than five per cent of the overall business of the non-life insurance sector

Select committee on Insurance Bill holds first meet

Decision to finalise the name of stakeholders on the basis of representation received by the committee will be finalised in its next meeting on Sept 12

HDFC ERGO launches Kisan Sarva Suraksha Kawach Policy

This provides coverage against wide range of perils for various assets of farmers and others in the agriculture production chain