Page 85 - Insurance
 "Regulatory oversight on LIC is quite comprehensive: Irda")
Bariatric surgery insurance cover still long time away
Bariatric surgery involves a surgical procedure wherein the size of the stomach is curtailed leading to reduced consumption of calories
 "Bariatric surgery insurance cover still long time away")
Irda warns insurers against violating Trai norms on telemarketing
The registered telemarketers are also supposed to use telephone numbers from the '140' series
 "Irda warns insurers against violating Trai norms on telemarketing")
Irda slaps Rs 2 lakh fine on Future Generali Life Insurance
The private life insurer was fined Rs 1 lakh each for payment of commissions to two of its corporate agents
 "Irda slaps Rs 2 lakh fine on Future Generali Life Insurance")
ICICI PruLife, Edelweiss execute first SLBS trade in insurance
Under SLB, securities can be borrowed for period of 7 days through screen-based order matching mechanism
 "ICICI PruLife, Edelweiss execute first SLBS trade in insurance")
Mandatory 30% ceding of life insurers' business to GIC by 2014
The regulator will be bringing out final notifications bringing out the percentage of sum assured to be reinsured with GIC Re
 "Mandatory 30% ceding of life insurers' business to GIC by 2014")
 "Amid industry gloom, some life insurers see rise in profits")
Life insurers boost profitability through better expense managament
While some companies are still running into losses compared to the previous years
CSCs to reduce insurance distribution costs
Newer ways of electronic distribution, like CSCs, insurance repositories, are likely to reduce cost further
 "CSCs to reduce insurance distribution costs")
Canara Bank to enter health cover products
The bank plans to enter into a distribution agreement with one of the top four health insurance players in the country.
 "Canara Bank to enter health cover products")
Irda to come out with norms for CSC-insurers' tie-up
In a meeting, presentations also made on workability of model; manner in which it will be brought into operation
Banks' rush unlikely for insurer licence
Prior RBI permission a hurdle, given its views; business interest needs to be clearer
 "Banks' rush unlikely for insurer licence")
Soon, share electronic medical record with insurers
Insurers opine new system Will help improve pricing in long run
 "Soon, share electronic medical record with insurers")
Expand existing networks for insurers to grow: Rajiv Takru
Financia service secretary says banking correspondents have also been allowed to sell insurance
 "Expand existing networks for insurers to grow: Rajiv Takru")
LIC debt investment cap raised to 20%
No decision on raising equity cap
 "LIC debt investment cap raised to 20%")
Irda asks insurers for guidelines to TPAs for health claims
Says every insurer utilising TPA is advised to send a specific confirmation to this effect to the Authority on or before Sept 30, 2013
Reliance General eyes SMEs for health insurance
SMEs estimated to employ nearly 75 million people in country and contribute 9-10% of India's GDP.
 "Reliance General eyes SMEs for health insurance")
Miscellaneous insurance sees an uptick in customer demand
Premium collection from the miscellaneous category stands at Rs 8,397 cr in FY13, up from Rs 7,049 cr in FY12
