Page 80 - Insurance

Life insurers new premium up 6.5 % for Sept quarter

LIC posted new premiums of Rs 37,906 crore for first and second quarter of 2013-14 fiscal

Aviva India announces launch of Aviva Next Innings pension plan

"As in cricket, in life too, you need to plan your next innings," says Aviva brand ambassador Sachin Tendulkar

Aviva Life launches 13 products compliant with new Irda product norms

Irda recently announced new set of regulations for products in life space; deadline for compliance was Oct 1, 2013

Life insurers rush to revive lapsed policies

They are now offering incentives and lesser penalties for customers who have missed out on paying their premiums on time

Aviation insurance to emerge as growing segment in GI sector

Domestic aviation industry is growing at an average growth rate of around 15% per annum, says Manik Nehra, Senior Manager Aviation Insurance, Bajaj Allianz General Insurance

Carnation Auto scale up insurance broking business

Focusing on various segments like fire, engineering, marine, liabilities and group health insurance to expand presence

United India Insurance absorbs Rs 900 cr loss on U'khand floods

The company has reported a premium of Rs 4,768 crore for the half year ended September 30, 2013

New India earns Rs 42 cr premium from satellite launches cover

Company has posted more than three times rise in its net profit to Rs 644 crore in the first half of the current financial year

SBI General Insurance premium income up 83% to Rs 541 cr in H1

Company was able to grow motor insurance business by 136% during April-Sept of this fiscal

Sunita Sharma appointed CEO of LIC Housing Finance

She succeeds V K Sharma who was elevated to the post of managing director of LIC last week

LIC gets its first woman MD

Usha Sangwan appointed MD, along with V K Sharma

LIC ties up with NGOs for covering lower strata

Aam Admi Bima Yojana provides insurance to earning members of rural landless families; LIC has covered 4.8 million beneficiaries so far

EU pushes India to pass insurance bill

Allowing more FDI in insurance sector has been one of foremost demands of EU under free trade talks

LIC Nomura MF keen on acquisitions to fuel growth

Company is awaiting approval for launching a mid-cap fund and will soon launch a capital protection fund, says LIC Nomura Mutual Fund Chief Executive Nilesh Sathe

Rel Life to focus on traditional plans, agent productivity

Part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, thecompany's 80% of its business now coming from traditional products

Govt keen to push insurance Bill in Winter session

Centre also looking at possibility of allowing 23% FII investment, over and above existing FDI ceiling of 26% in sector

Insurance cover coming for online fraud

NPCI calls bids to cover all card based transactions carried on NFS where point of compromise or dispute is on NFS ATM network

Birla Sun Life Insurance launches life insurance plan

Vision LifeSecure Plan offers maturity and death benefits, including regular accrued bonuses and terminal bonus

Irda looks to reduce time taken for settlement of crop insurance

Feedback received by Irda is that a loss in kharif season is often not compensated by rabi or even by next kharif season

High discounts unlikely to hit general insurers' books