Page 67 - Insurance

HDFC Life set for global foray

May become first private insurer to expand overseas

HDFC Life prepares for international foray

May become first private insurer to expand overseas

OTC on the anvil in non-life sector

While use-and-file would mean quick approvals, insurers fear that there would be no scope for introducing their distinct products

Shriram to boost insurance arms

Looks to divest a part of its stake in general insurance venture

Evaluate HDFC Life's NPS bid: HC to PFRDA

Now PFRDA will have to evaluate HDFC Life's bid along with other pension funds for the re-application process for NPS licences

Chidambaram asks PSU non-life insurance firms to improve market share

He asked the heads of public sector insurance companies to ensure that the current level of 53% was maintained and steadily improved upon

FM asks state-run insurers to increase market share

Stressed the need to enhance insurance penetration to attain global levels in a reasonable time frame

Now, general insurers hire panels of doctors on their rolls

Health insurance, which has an almost 23% market share in the general insurance space, has seen the increased claims ratio touch 96.43% in FY13, as compared to 94% in FY12

HDFC Life-PFRDA hearing postponed

Status quo on licences to remain; PFRDA may not issue letters tomorrow as earlier stated

Exide Life Insurance targets 10% growth in 2014-15

Strong re-branding exercise and an expected turnaround in the economy are spurring the company's aims

Chola MS targets Rs 2,500 cr premium

To focus on health and corporate insurance

Life insurers end FY14 with 11.5% new premium growth

LIC sees 17.8% rise in new premiums, private life insurers see 4% drop

Bajaj Allianz Life Insurance launches pension guarantee plan

While the minimum entry age for the policy is set at 37 years, maximum eligible age is 80 years

Indian Insurers to spend Rs 11,700 cr on IT services in 2014

Of this year's spending, about Rs 410 crore is expected to be spent on mobile devices

Indian insurance companies' tech spend to touch Rs 11,700 cr in 2014

Indian insurance companies are on pace to spend Rs 410 crore only on mobile devices in 2014, up 35%

Life insurance picking up pace in power corridors

High-profile politicians who have taken policies of LIC include Narendra Modi, Congress' Ajay Maken, and Naveen Jindal, among others

ING Vysya Life renamed as Exide Life Insurance

Irda calls for better disclosures in trade logo

Insurers asked to disclose that trade logo belongs to particular company and used by concerned insurance company

Non-life insurance premium rises 10% in March

The four PSUs accounted for about 56% of the total premium collected by 28 general insurance companies in March

Norms for shareholding changes in insurance brokers tightened

With the recent change, even a transfer less than 5% of the paid-up capital would require the authority's nod.