Thrust on non-par products to yield desired results: LIC chief M R Kumar
Wed, Sep 28, 2022     Source : Business Standard
We intend to sharpen the focus on bancassurance to steadily and considerably increase its volume, thereby its share in our business, said Kumar
Private insurers gain ground
Wed, Sep 28, 2022     Source : Financial Express
Private insurers have a high share of bancassurance in their channel-wise collection of individual premiums.
Decoding IRDAI’s exposure draft for insurance companies
Tue, Sep 27, 2022     Source : Business Line
The industry has long been looking forward to this decontrol of expense limits and choice of investment to gratify its growth appetite
Four ways to save money on car insurance as rates rise
Tue, Sep 27, 2022     Source : Mint
Drivers who have been complaining about high gas prices can now shift gears and gripe about car-insurance rates instead.
Insurers may get to invest in non-dividend paying firms
Tue, Sep 27, 2022     Source : Economic Times
The insurance regulator may allow equity investment even in non-dividend paying companies to be included in the approved investment category subject to some conditions.
Pet Insurance product becoming popular
Mon, Sep 26, 2022     Source : Business Line
While there are a few private and public sector insurance companies offering pet insurance, more are likely to join the fray
LIC policy: Legal heirs have no right to seek plan and nominee details of the policyholder – CIC order
Mon, Sep 26, 2022     Source : Financial Express
The Commission observed that just because the appellant is the legal heir of his deceased father does not give him the right to receive the requested information.
Non-life insurers register 12% rise in gross direct premium income at Rs 24,472 crore in August: Irdai
Sat, Sep 24, 2022     Source : Economic Times
Non-life insurers registered a 12 per cent yearly growth in their gross direct premium income during August this fiscal at Rs 24,471.95 crore, data from insurance sector regulator Irdai showed.
LIC plans to increase agent strength by 40%, ramp up HR systems
Sat, Sep 24, 2022     Source : Business Standard
India's largest insurer is also looking to revamp its human resources systems in its drive to make the oldest insurance company more technologically advanced, said people aware of the development
Zero-cost plan is not for everyone
Fri, Sep 23, 2022     Source : Financial Express
It may be beneficial for those who want the money back if they survive till the end of policy term or consider buying a term plan as a waste of money
Ageas Federal Life Insurance becomes first life insurer with foreign partner as majority stakeholder
Fri, Sep 23, 2022     Source : Financial Express
After the acquisition of the additional 25% stake, Ageas’ shareholding in the JV rose to 74% from the earlier-held
Should you choose early exit benefit in term insurance?
Thu, Sep 22, 2022     Source : Mint
Term insurance policy buyers now have the option to exit the policy early and even get the premium back.
Zero Cost Term Insurance: Pay as long as you need life cover and get premium back on termination
Tue, Sep 20, 2022     Source : Financial Express
While there is a variety of life insurance products available in the market – like term life insurance, endowment plans, ULIPs etc – the most affordable one is the term life insurance.
Insurance industry will continue to see M&A deals, new entrants
Mon, Sep 19, 2022     Source : Economic Times
Merger and acquisitions will continue to be a part and parcel of the insurance sector, which is a highly capital intensive sector and can accommodate new entrants with specialised skill sets having long-te...
ULIP to be developed as part of logistics policy
Mon, Sep 19, 2022     Source : Economic Times
An unified logistics interface platform (ULIP) will be developed as part of the national logistics policy to help different government and private agencies; shippers, service providers enable information e...
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