Page 89 - Insurance
Irda extends health insurance product re-filing deadline
Old health products can be sold till September 30
 "Irda extends health insurance product re-filing deadline")
Bharti AXA's new endowment plan
The plan provides the policyholder a lumpsum benefit at maturity with life insurance cover
 "Bharti AXA's new endowment plan")
Companies turn to insurers to cover cyber crime liability
Due to online data theft, cyber liability insurance has been in demand by corporates
 "Companies turn to insurers to cover cyber crime liability")
Irda draft permits insurers to deal with financial derivatives with 10 yrs' tenure
Presently insurers permitted to enter Forward Rate Agreements, Interest Rate Swaps and Exchange Traded Interest Rate Futures with a maximum tenure of one year
For high-performing culture, insurers need to shape employees' "moments that matter": PwC
To tackle transformational issues most efficiently, a corresponding change in culture is required
 "For high-performing culture, insurers need to shape employees' \"moments that matter\": PwC")
Private general insurers set up in-house TPAs to service claims
Insurers say grievances are much lesser when one has an internal TPA
 "Private general insurers set up in-house TPAs to service claims")
Shriram eyes Rs 500 cr from group insurance
The Hyderabad-based company's group insurance segment currently contributes Rs 150 crore
Final sub-broking norms to be delayed
To register as a sub-broker, a company and its limited liability partner should have paid-up capital of at least Rs 5 lakh, the Irda report said
Life insurers gear up for product re-filing deadline
Focus on highest selling policies; engage more brokers to push premium
Irda makes way for product approvals in one week
Insurance regulator has till now cleared 50 products under the new guidelines
 "Irda makes way for product approvals in one week")
Shift in focus: Insurers see opportunity in covering domestic travellers
IFFCO Tokio General Insurance sees biggest opportunity in insuring trips within India
 "Shift in focus: Insurers see opportunity in covering domestic travellers")
Insurance sector sees rise in profitability
Life insurers collected total premiums of Rs 4,965.37 crore for April this year, a 0.57 per cent rise over the same period last year
 "Insurance sector sees rise in profitability")
Public general insurers might charge lower premium on health products
Department of financial services says PSU general insurers can determine acquisition costs for each age group
HDFC Life launches cover compliant with new traditional product norms
The new product, HDFC Life ClassicAssure Plus, is a protection cum investment plan with limited premium payment term
 "6 months too short for new product switchover: Max Life")
Insurance industry sees rise in profitability
After reeling under the impact of macro-economic situations, low penetration, the sector is finally seeing good results
Banks mull recast of Rs 4,000 crore Winsome debt
PNB, Canara Bank, had opened letters of credit to winsome Diamonds and Jewellery for the purchase of gold; however, after the firm failed to pay the bullion lenders, the aforementioned invoked the LCs
 "Banks mull recast of Rs 4,000 crore Winsome debt")
Banks to have multiple structure options to tie-up with insurers
Banks would now have options to tie up with nisurers as a corporate agent, a broker or in a particular zone
Irda gears up for product refiling process
S Roy Chowdhury, Member (Life) Irda says regulator to involve more staff to approve products
