Page 84 - Insurance

Motor third party insurance still remains a stress area on insurers' books

Insurers say claims ratio is significantly so companies have to pay 60-100% higher claims than the premium

Irda allows AIC to use services of non-life insurance agents

Agents, corporate agents wanting to offer services will have to enroll themselves with AIC

Non-life insurers see 17.3% rise in premiums in April-July

Non-life companies collected total premiums of Rs 25,893.80 crore as compared to Rs 22,073.52 crore in this period last fiscal

Religare Health Insurance ties up with Union Bank for bancassurance

Union Bank will sell products of Religare Health Insurance to customers in its 3,500 plus branches

Have better compliance in product ads: Irda tells life insurers

Rupee depreciation impacts travel insurance segment

General insurers may increase premiums if situation continues

Why insurers don't want to cover weight-loss surgery

While the surgeons demand bariatric surgeries be kept out of the cosmetic surgery category, insurers are not comfortable covering this procedure

Ganesh mandals beef up insurance

Lalbaugcha Raja has been insured with an insurance cover of Rs 51 cr while GSB Seva Mandal has taken a whopping Rs 223 cr cover

Rupee fall may jack up premium on car insurance: Industry

Higher cost of imported spare parts may force insurers to charge more

Rupee fall may jack up premium on car insurance: Industry

Dwindling rupee pushes up costs of imported spares of most of automakers in country

Irda asks insurers to develop exclusive products for CSCs

The RAP will assist the customers in selecting policies as per their needs

Bajaj Allianz Life appoints Anuj Agarwal as MD, CEO

Agarwal takes over from V Philip, who is moving to Allianz Managed Operations & Services SE, an Allianz Group Company

Irda wants insurers to have distinct trade logo

Companies asked to have detailed agreements for use of trade logo

Irda warns HDFC Life for violation of file & use norms

Insurance regulator asks insurer to provide similar death benefit to customers for two of its products

Irda gives license to 5 insurance repositories

Policyholders have an option to choose to either digitise their policy or to have it in existing format

Longer-tenure bonds draw insurers

Corporate bond market traders said the yield on corporate bonds had also increased after the central bank's liquidity-tightening moves

Anti-bifurcation takes toll on LIC business in Vizag

New premiums for the April-August period this financial year were at Rs 67.75 crore as against Rs 83 crore for the same period last year.

Customer complaints rise against insurers by over 10%

Total number of complaints against life insurers stood at about 3.1 lakh in 2011-12 and it rose by over 31,000 during 2012-13: IRDA

Life insurers adopt tech to increase reach

Experts say while number of policies bought online as percentage of total sales is only in a single digit, most consumers research online

LIC's equity cap wait may get longer

With raps from IMF and other global obervers on not being strict enough with the state behemoth, Irda said to be in no hurry