Page 88 - Insurance
Bharti AXA General launches add-on motor bouquet plans
The add-on cover aims to provide complete car and passenger protection
Irda revises health insurance standardisation rules
Porting from one health plan to another of same insurer is now out of portability norms
 "Irda revises health insurance standardisation rules")
Bajaj Allianz eases insurance claim norms for Uttarakhand victims
Will settle claims on confirmation of death by local authority/government of Uttrakhand or armed forces involved in rescue operations
 "Bajaj Allianz eases insurance claim norms for Uttarakhand victims")
CPI-linked bonds: Insurance among segments interested
If the Reserve Bank of India decides to issue these, market is likely to buy even more of these than WPI-indexed ones
 "CPI-linked bonds: Insurance among segments interested")
Irda extends deadline for refiling group products
The group products, not compliant to the new guidelines, were to be withdrawn from July 1
 "Irda extends deadline for refiling group products")
RBI cautions banks against mis-selling insurance products
Should have clear segregation of duties of marketing personnel from other branch functions
 "RBI cautions banks against mis-selling insurance products")
Quick claim settlement to drive Liberty Videocon's growth
The company has built a flat organisational structure where there are no middle layers even when it comes to claims settlement to enable faster decision making
 "Quick claim settlement to drive Liberty Videocon's growth")
Global insurance megatrends threaten growth, profitability: Towers Watson
Trends related to capital management, regulatory constraints and economic volatility are of greatest concern for next several years
 "Global insurance megatrends threaten growth, profitability: Towers Watson")
FM asks LIC to relax norms for Uttarakhand calamity victims
Directs LIC to open major camp office in Dehradun to settle the claims on centralised basis
 "FM asks LIC to relax norms for Uttarakhand calamity victims")
Repo rate cut gloom spurs short-term paper demand
Duration, in number of years, is a measure of how sensitive the price of fixed-income instruments is to a change in interest rates
 "Repo rate cut gloom spurs short-term paper demand")
Non-life insurers see 19.6% rise in April-May premium
Non-life insurers collected Rs 13,552 cr in the first two months of FY14 against Rs 11,333 cr of FY13
Pre-paid card for instant cashless claim approval
L&T Insurance, E-Meditek jointly launch pre-paid card
Govt, RBI doing everything to get hold of economy: Sinha
Dy Gov Anand Sinha said the central bank and the Indian government are taking necessary steps
 "Govt, RBI doing everything to get hold of economy: Sinha")
No catastrophe insurance cover yet
Earlier concept paper for pool mechanism stuck on details
 "No catastrophe insurance cover yet")
Insurance industry to grow below 5% in FY'14: CII
However, 50% of surveyed life insurance companies are projected to clock negative growth in the current fiscal
Uttarakhand disaster: Insurers on high alert
Public general insurance companies to collaborate for speedy settlement of claims
 "Uttarakhand disaster: Insurers on high alert")
Irda introduces new category for minimum death benefit
In its earlier regulation, Irda had proposed two categories for death benefits-single products and non-single products
Average life insurance premium still at Rs 13,000 p.a.: SB Mathur
NEw initiatives like relaxation of pass percentage of agents would be beneficial to the industry, he says
 "Average life insurance premium still at Rs 13,000 p.a.: SB Mathur")
Insurers gear up to address Uttarakhand flood claims
Four public general insurers to hold meeting today to decide on claims settlement process
 "Insurers gear up to address Uttarakhand flood claims")
Irda extends health insurance product re-filing deadline
Old health products can be sold till September 30
