Page 76 - Insurance
Irda to bring out proposal for life cover to differently abled
Currently, there are no definitive guidelines defining the cover for people with disability
 "Irda to bring out proposal for life cover to differently abled")
After all women bank, now all women insurance branch
Bajaj Allianz General Insurance launches all women branch in Pune, may roll it out in other metros too
 "After all women bank, now all women insurance branch")
Expect a mixed bag in insurance sector this year
Life insurers see slow growth in the first few quarters; general insurers hopeful of improvement in auto sales
 "Expect a mixed bag in insurance sector this year")
25% of new policies sold by life insurers are in rural areas: Irda
Non-life players had 13% business from this segment
 "25% of new policies sold by life insurers are in rural areas: Irda")
Now, a quarter of new life insurance policies sell in rural India
Non-life players had 13% business from this segment
 "Now, a quarter of new life insurance policies sell in rural India")
Insurance density, penetration show decline
Irda Annual Report says India's insurance penetration is 3.96 % of GDP
New insurance guidelines
For starters, new traditional products will have a higher death cover
 "New insurance guidelines")
Max Life lines up re-launch of 20 new products next year
Features of these products are aimed at reaching out to consumers who are looking at a safe, systematic and self completing financial planning solution
 "Max Life lines up re-launch of 20 new products next year")
Demat insurance policies will improve financial system's functioning, says RBI
Will facilitate information flow in the system
Insurance mis-selling our problem, too: RBI
Misselling broadly refers to unfair or fraudulent practices adopted at the time of soliciting and selling insurance policies
 "Insurance mis-selling our problem, too: RBI")
Irda plans pilot to roll out small policies through e-Seva
Project will be rolled out in next three months, expected to get stabilised in six months
 "Irda plans pilot to roll out small policies through e-Seva")
Health insurance grid might cut costs for getting covered
The health grid will also be beneficial for the customers
 "Health insurance grid might cut costs for getting covered")
Bajaj Allianz to launch new life insurance products
Company plans to launch Save Assure and Invest Assure with a guarantee element
Bajaj Allianz to launch three life insurance plans
These plans are compliant with the new regulatory guidelines but are aimed to be customer oriented
 "Bajaj Allianz to launch three life insurance plans")
'PSU banks becoming brokers may disappoint shareholders'
Industry divided ove P Chidambaram keeping his budget promise of enabling banks to become insurance brokers
 "'PSU banks becoming brokers may disappoint shareholders'")
FinMin order to PSU banks to become brokers may disappoint shareholders: insurers
FM upholds budget proposal, industry divided
FinMin asks all public sector lenders to act as insurance brokers
Currently, insurance penetration (the ratio of the percentage of total insurance premia to gross domestic product) is about five per cent
 "FinMin asks all public sector lenders to act as insurance brokers")
Auto sales slump may hit motor insurance sector
However, sources said this year, the incentives offered by automobile companies didn't seem to have paid off
 "Auto sales slump may hit motor insurance sector")
PNB Metlife launches 3 life insurance products
The 3 products launched are monthly income plan, endowment savings plan, money back plan
 "PNB Metlife launches 3 life insurance products")
Reliance Life eyes LIC model to expand reach
With over 2,000 branch offices and more than 10 lakh agents, LIC has insured over 250 million lives in its 52 years of operations
 "Reliance Life eyes LIC model to expand reach")
