Page 8 - Insurance Companies

Standard Life cuts 1.38% stake in HDFC Life, raises Rs 1,720 crore

Following the share sale, Standard Life's stake in HDFC Life declined to 8.89% Following the share sale, Standard Life's stake in HDFC Life declined to 8.89%

Axis Bank, subsidiaries to acquire 19% stake in Max Life in revised deal

RBI did not consider Axis's earlier proposal of acquiring 17% stake in Max Life

If error is inadvertent, claim must be paid

Insurance firms cannot deny claims if there is any inadvertent error on the part of the insured

Need to expand health insurance to include outpatient care: Irdai chairman

In light of the Coronavirus (Covid-19) pandemic, health insurance has seen a surge in demand from consumers

InsuranceDekho to get $20 mn funding from GirnarSoft for branding, others

InsuranceDekho recently announced plans to onboard 100,000 insurance advisors across the country. It has already enrolled 20,000 advisors successfully, the company said

Life insurers find their mojo but experts sound cautionary note

Product launches will be critical for companies to sustain the momentum this financial year, especially in the term-protection segment

Aditya Birla Sun Life open to consolidation due to Covid-19 disruptions: MD

Kamlesh Rao said that in times of socio-economic crisis like this Covid-19, 30-35% companies find it difficult to survive, while 15-20% firms outshine their peers in respective industries

Personal healthcare and medical insurance ad volumes up amidst pandemic

Brands feel it is a good time to advertise anything and everything connected to well-being

As cases rise sharply, Corona Kavach policy a big hit amongst consumers

The high demand for the policy has brought cheer for insurance companies

ICICI Bank raises Rs 15,000 cr in equity; issue price at Rs 358 per share

The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations

Nearly 70k Covid-related claims worth Rs 700 cr settled by insurers: Irdai

Regulator asks insurers to look at more standard products to increase the coverage

GI Council may move SC to implead itself on standard rates in Covid therapy

Wants govt to prescribe treatment protocol and then fix the rates

Insurance companies turn net buyers of equities after eight years

Sustained buying by them adds heft to market rally

IRDAI approval must for sale, pledge of over 5% equity in insurance company

IRDAI said any transfer of shares beyond the stipulated threshold limits without the prior approval of the authority will attract appropriate regulatory and legal action

Ensure cashless facility for Covid-19 treatment: Irdai to insurers

It has asked insurers to take appropriate action against hospitals in case they deny cashless facility to policyholders and deviate from the agreed terms of the service level agreements.

A snapshot of premiums on home insurance cover offered by top players

Here are the premium rates for top eight insurers offering home cover of Rs 1-crore structure, plus Rs 25 lakh on contents

Insurance stocks in focus; SBI Life, HDFC Life up 4%; ICICI Pru slips 3%

The NBP of life insurance companies contracted 10.46 per cent YoY in June as compared to decline 32.6 per cent and 25.4 per cent in April and May, respectively

Here are all the schemes announced in the Cabinet briefing today

Govt will invest Rs 12,750 crore in recapitalising the three state-owned insurance companies- Oriental Insurance, National Insurance and United India Insurance

Covid-19 disrupted business models of insurers, caused degrowth: Official

All insurers have seen a degrowth in the months of April and May due to the coronavirus lockdown, she said at a webinar organised by MCCI

Digitised selling, servicing of insurance get a fillip amid pandemic

Insurers have made a leap from manual paper-bound process to end-to-end paper-less or digital-based selling through all the channels of distribution