Page 79 - Insurance

'Top 50 districts have seven life insurance agents for 1,000 people'

However, bottom 120 districts have average of 0.7 agent licenses per thousand people

Complaints on life insurance increase; non-life sees fall

There were a total of 78,927 registered non-life complaints for 2012-13, compared to 93,155 complaints in 2011-12

Irda to approve products under use-and-file route

In the use-and-file regime, an insurer has to adhere to the standardised norms and later send information on the product to the regulator's office

'LIC's first-premium growth to surpass 12 per cent'

Tthe insurance company is seeing 30% growth in first year premiumss.

Irda fixes motor TP declined risk pool

Insurance firms saw Rs 17,590-cr motor claims last year

General insurers bracing up with high losses from motor segment, especially from third party mandatory motor insurance segment

Insurers incur Rs 17,590 crore worth motor claims in 2012-13

Total number of claims stood at a staggering 6.4 million

Irda mulls unique identity numbers for hospitals

This will help identify charges for different procedures in different hospitals, says T S Vijayan

Weather insurance may see 100% loss ratios

Crop damage due to cyclones to lead to increase in loss ratios of the company

New India launches combination product for lower income groups

This plan will offer life cover of Rs 1 lakh to the family in case of death, critical illness and other hospitalisation costs under Rs 20,000-30,000

Irda plans to give unique identity numbers to hospitals

Regulator is collecting transactional data for health insurers, which will enable it to know how much is charged for a particular disease or a procedure

Weather insurance segment may see 100% loss ratios due to cyclones

Phailin, Helen have caused extensive damage to crops and property

LIC stops selling 14 life policies over Irda diktat

India's largest insurance company has decided to stop selling as many as 14 policies, including Jeevan Mitra and Anmol Jeevan

LIC to stop selling 14 life insurance policies

Two policies New Jeevan Nidhi and Anmol Jeevan I will be discontinued from November 30

Aviva India launches online term plan 'i- Life Secure'

The new online term plan comes with a built-in income protection for 15 years

Inter-company insurance settlements to become quicker

'Insurance Clearing House' proposed by Irda to aid this process

Insurers seek hike in travel premium on rupee fall

Cigna TTK Health Insurance bags licence from Irda

Insurance major to shortly commence India operations

SBI Life to relaunch 10 plans by Jan 1

IIrda extended deadline for implementation of new individual product regulations for life insurance industry by three months to Dec 31

LIC outshines pvt sector in H1 premium collection

However, ICICI Prudential, HDFC Standard Life and SBI Life, witnessed a decline in premium collection during the April- Sept period