Page 81 - Insurance
Motor Claims Tribunal not a court, should be proactive: Madras HC
The tribunal is expected to peruse the evidence and come to an independent conclusion, says judge
Bombay HC notice to 25 insurance cos on PIL asking pre-packaged rates
Court says consumers should know in advance how much package they would for an illness
E-KYC to be accepted for verification: Irda
Earlier, Irda had earlier informed insurers that letter issued by UIDAI containing details of name, address and Aadhaar number was considered officially valid document
 "E-KYC to be accepted for verification: Irda")
PSU general insurers cut premiums to attract corporates
Go agressive on group health segment
 "PSU general insurers cut premiums to attract corporates")
Now, general insurers make a beeline for small business owners
Small & medium enterprises prefer simpler products with small cover size
Indian Nuclear Energy Pool may be delayed
GIC Re is the proposed manager of the pool, which will have an initial corpus of Rs 1,050 crore
 "Indian Nuclear Energy Pool may be delayed")
Digitising policies won't cost insurers much: CAMSRep
CAMS Insurance Repository is a licensed provider of digitised policies
 "Digitising policies won't cost insurers much: CAMSRep")
HIV/AIDS cover pricing to be a challenge: Insurers
Say, they do not have adequate data to provide insurance
GIC Re plans to be part of Lloyd's in three years
Have begun small steps on that front, says CMD A K Roy
 "GIC Re plans to be part of Lloyd's in three years")
Insurers revisit product distribution strategies
A life and non-life company would tie-up with each other to sell the product
 "Insurers revisit product distribution strategies")
Insurers should focus on sustainable profitable model: Chanda Kochhar
Says low penetration levels of insurance cause of concern
 "Insurers should focus on sustainable profitable model: Chanda Kochhar")
Phailin unlikely to bleed insurance companies
Losses to be well below Rs 100 crore, say insurers
 "Phailin unlikely to bleed insurance companies")
Insurers revisit product distribution strategies
Combi products and sale through malls being reworked
Birla Sun Life Insurance launches traditional participating plan
BSLI Savings Plan is savings-cum-insurance plan that aims to provide secured growth to customer's savings
Insurance biz may reach Rs 4 lakh crore this year
The total premium collected by general and life insurance industry stood at Rs 3.75 lakh crore last year
Power, oil & gas plants in Odisha, AP adequately covered: Insurers
Industries, operating plants adequately covered, say insurers
 "Power, oil & gas plants in Odisha, AP adequately covered: Insurers")
30% of life insurers' risks may go to GIC Re
Non-life insurers cede 5% risks compulsorily to the reinsurer
Irda seeks to prohibit denial of cover to eligible HIV patients
Asks life insurers to have underwriting policy to determine eligibility
Delhi has higher health insurance population: Study
There is a higher incidence of preventive health checks among the insured population
 "Delhi has higher health insurance population: Study")
With few new corporate bonds, LIC turns to NCD issues
These fill the need for higher return and security for idle funds
 "With few new corporate bonds, LIC turns to NCD issues")
