Page 65 - Insurance

ICICI PruLife, StanChart enter into bancassurance tie-up

The new 15 year agreement covers India and 10 other markets and has commenced on 1 July 2014

FM meets insurers; foreign investments top priority

Tax sops unlikely for the sector in coming Budget

Gen insurance cos want tax sops to boost health cover for SMEs

The non-life insurers have raised a demand for raising the limit of income tax rebate under section 80D for providing health cover

'Tax incentives for non-life products will boost penetration'

R Chandrasekaran, Secretary General, General Insurance Council Call to have mandatory public liability policy for public places

Insurance sector to benefit from any hike in invstmt limit: AIG

Exemption limit for individuals under 80C is expected to be hiked by the govt from Rs 1 lakh to Rs 2 lakh

United India emerges winner for insurance scheme to pensioners

The new scheme has been aimed at providing health insurance on a 'cashless' basis with provision to avail assistance up to Rs 2 lakh for four-year period

Private general insurers market share inch up to 44% in FY14

Bajaj Allianz managed a combined ratio of 98.1% in FY14

Insurer-CSC tie-ups might be delayed

Officials say CSCs have not yet begun to sell policies since companies are still in talks on how to use this network

Tata AIG appoints Ishaat Hussain as chairman

Farrokh Kavarana who was the Chairman of the Company for over 14 years has retired

Low renewals, disposable incomes impact insurance penetration

Global reinsurer Swiss Re's sigma study on world insurance in 2013 said India stood 15 with respect to premium volume

India is 15th in world in premium volume: Swiss Re sigma study

Falls from 14 position in 2013; insurance penetration falls to 3.9%

General insurers propose compulsory motor insurance with voluntary liability limit hike

While there will be a liability limit in compulsory motor cover, there maybe an option to buy higher liability limit covers

Reliance Life to tap Gulf returnees

Company launches claim guarantee scheme for customers

Exide Life Insurance bets big on long-tenure insurance products

Average policy duration is 25 years; company to launch new corporate campaign on Monday

Industry divided over insurance repositories

The pilot launch will be for duration of two months with effect from July 1, 2014

Life insurers expect robust growth in FY15

Insurance companies said that customer interest to buy products would be accentuated by tax incentives

Draft rules ban replacement of life insurance policies

Replacement may not be permitted, unless if it is in interest of policyholder

SBI Life files special leave petition in SC

Petition is in response to Allahabad HC order asking Irda to scrutinise all policies of SBI Life

HDFC Life launches online Ulip product

Until now, only term plans were sold online, since they are simple for customers to understand

Irda allows insurers to deal in derivatives

The regulator said that participants can undertake different types of plain vanilla FRAs/IRS