Company which is yet to post profits, hopes to do so in financial year 2014-15
To focus more on commercial and health insurance segments
There has been a higher growth in medical inflation related to reimbursement cases in the non-life industry
The four PSU entities saw their gross premium collection rise by 25% y-o-y to Rs 4,106 cr
Panelists also discuss whether companies are chasing top line at the cost of bottom line
The fourth quarter is when individuals are looking at tax saving products like insurance
Long-term linked products with single premium, sale through bank channel might aid revival
Solvency-II is a European Union legislative programme to be implemented in all 28 EU member states
Patnaik approved proposal which has provision of insurance cover worth Rs 1 lakh per annum
Irda allows enabling guidelines for insurers to invest in new categories, including IDFs, ETFs and AIFs
It is a term plan that offers enhanced protection for one's family and ensures their future
Traditional fleet insurance policies cover damages caused by accidents and natural catastrophes
Aviva Life Insurance anticipates de-growth in premium income collection for the current financial year
To have 5-10 differentiated products by December end, becomes 53rd insurance company in country
The total income, comprising new business and renewal premium collections, grew by 10% to Rs 2,976 cr
An IRF is a contract between a buyer and a seller for future delivery of an interest-bearing security such as government bonds