Farmer customers with Kisan Credit Cards, their spouses plus two children will be eligible for free cashless health insurance cover
'India remains amongst the most underinsured countries in the world, as non-life insurance sector has a penetration of only 0.7% in the country
Life insurer signs MoU for product distribution
The segment will continue to see contraction, at least for the first six months of this fiscal
T S Vijayan added the proposed financial code would eliminate the grey areas that existed in the Indian financial sector
Investments across assets to be guided by international norm of prudent investor rule
Policy covers fire, explosion, piracy, theft, earthquake, sinking and catastrophe such as earthquake and volcanic eruption
This is in order to ensure compliance with the new regulations on health insurance.
Private general insurers lead the pack with 22.7% premium growth
Removal of 10% cap gives flexibility, but returns are not high
Winner to get access to about 5,500 bank branches
Irda advised citizens to check the entity's veracity and the insurance arrangement promised
Newer channels offer fresh opportunities to increase revenue by boosting sales
Life insurer sees 34% premium growth in FY13; others may see positive growth too
The plan is a product aimed at combining certainty along with returns at regular intervals
The bank, however, did not mention the reasons for scrapping the complimentary cover
According to insurers, renewal in micro-insurance is a difficult process
Irda has issued a circular in this regard to all CEOs of insurance companies
Micro-insurance which constitutes about 20-30% of the product portfolio of insurers have seen a reduction in costs by almost 35% and seen rise in renewals,