Page 78 - Insurance

Healthcare premium to grow 2.5x

Health insurance premium may cross Rs 32K cr by 2016-17: Assocham

Increase in healthcare costs, rising per-capita incomes, burden of new diseases, health-related risks and high financial burden on the poor are key factors

Liberty Videocon to seek capital infusion from promoters

Company has started with a capital of Rs 350 crore out of which around 65 crore will be expended in the first year of operations

Health Insurance TPA of India gets first MD-CEO

Company says it would not conduct any business without getting requisite licence from Irda

MCA, RBI to discuss insurance cover for public deposits

Proposal comes against the backdrop of rising incidents of investors getting duped by fraudulent money pooling schemes

Reliance Life to launch 25 products under new regime

Profits to remain flat due to lower surrender profits and investments on newer channels, says CEO Anup Rau

Irda proposes single insurance repository for fraud monitoring

Thus, origination and payment stages of policy life cycle would be brought under radar

R-Life relies on 'old is gold' strategy; lines up 25 new plans

The private insurer is planning to file more products with IRDA in the next few months to offer a comprehensive product suite across all customer need segments

LIC Housing Finance takes over Orbit Corp's Mumbai property

Orbit's total amount outstanding is Rs 95.50 crore including interest, expenses and other charges

HSBC not to sell its stake in insurance JV

Insurers not hopeful of banks entering broking business

RBI's draft guidelines prescribe that banks with a strong capital base and NPAs below 3% can become brokers

RBI norms may dissuade smaller banks from becoming insurance brokers

Life insurers say RBI's stringent capital requirements will make it tougher for smaller banks to enter broking space

Now, inter-company insurance settlements will be easier, quicker

Life insurers on war footing to reduce complaints

With number of complaints on the rise, focus is to retain customer trust

'Good assets vital for banks to enter insurance'

Policyholders throng insurance ombudsmen offices

Number of registered complaints at these offices touches 24,782

General insurance penetration on the rise

Non-life insurer's maiden yearbook says this year it has gone up 0.73 as a % of GDP

General insurance to grow at 15% this financial year: Icra

Study says that private sector players have maintained a higher growth rate compared to their PSU peers

Pre-packaged medical insurance not feasible: insurance firms

Court on August 2 asked Irda to issue guidelines to insurance companies, requiring them to come out with a pre-packaged scheme for 42 aliments

General insurance penetration rises to 0.73

Insurance density has increased from Rs 571 in 2012-13 from Rs 158 in 2003-04