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INSURANCE NEWS
Exclusions in health policies: IRDAI panel to submit report by year-end
Fri, Oct 19, 2018     Source : Business Line
Auto-immune, lifestyle diseases likely to get insurance cover
INSURANCE NEWS
HDFC Life, SBI Life and other large private life insurance players grow stronger
Fri, Oct 19, 2018     Source : Financial Express
HDFC Life saw 20% y-o-y growth in individual APE and similar growth in overall APE in Sept 2018
INSURANCE NEWS
Farmer distress: Why NITI Aayog’s cashback proposal for Fasal Bima Yojana is a bad idea
Fri, Oct 19, 2018     Source : Financial Express
NITI Aayog has proposed that 75% of the premium paid by farmers under the (PMFBY) will be returned to them if they don’t file claims for crop damages for four-six consecutive agricultural seasons.
INSURANCE NEWS
‘Modicare scheme PMJAY to create 10 lakh jobs in health and insurance sector’
Wed, Oct 17, 2018     Source : Financial Express
Prime Minister Narendra Modi's ambitious healthcare scheme will create 10 lakh jobs in the health and insurance sector, an official said Tuesday.
INSURANCE NEWS
Auto Insurance: Disruptive technology brings changes in the sector
Wed, Oct 17, 2018     Source : Financial Express
To reduce claim settlement time, automotive insurance customers now are empowered to self-settle the claims by documenting the damage and filing for claims through smart devices
INSURANCE NEWS
IRDAI panel to study feasibility of paying claims in instalments
Tue, Oct 16, 2018     Source : Business Line
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a panel to examine the feasibility of payment of general and health insurance claims in instalments.
INSURANCE NEWS
Ulips will continue to have a place among consumers: Sumit Rai, Edelweiss Tokio Life Insurance
Mon, Oct 15, 2018     Source : Economic Times
People with longer commitment and goal-oriented savings will opt for Ulips, while guaranteed products will be sought by those who want peace of mind, Sumit Rai, MD and CEO, Edelweiss Tokio Life Insurance t...
INSURANCE NEWS
IREDA plans to sponsor Alternative Investment Fund
Mon, Oct 15, 2018     Source : Business Line
Govt-owned lender to raise Rs. 1,500 cr
INSURANCE NEWS
LIC not to intervene in IDBI Bank functioning
Mon, Oct 15, 2018     Source : Business Line
As majority shareholder, VK Sharma likely to be Chairman, but bank to be professionally run
INSURANCE NEWS
Life insurance industry sees 7% premium growth
Sat, Oct 13, 2018     Source : Financial Express
The data from Irdai also shows that first year premiums in the current fiscal of life insurance companies surged by 1.1% at Rs 93,079.03 crore as against Rs 92,065.36 crore in the corresponding period last...
INSURANCE NEWS
Insurance claim cannot be denied on the ground of common lifestyle diseases: NCDRC to LIC
Sat, Oct 13, 2018     Source : Economic Times
The apex consumer commission has asked LIC India to pay Rs 5 lakh to the kin of a deceased diabetes patient and made clear that insurance claims cannot be denied on the ground of common lifestyle diseases....
INSURANCE NEWS
LIC’s open offer for 26% stake in IDBI Bank to begin from 3 December
Fri, Oct 12, 2018     Source : Mint
LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26% of the fully paid-up equity capital of IDBI Bank as per the open offer process in accordance with Sebi regulations
INSURANCE NEWS
Life insurers' new premium income down 16 per cent at Rs 17,491 crore in September
Fri, Oct 12, 2018     Source : Economic Times
Life insurers' premium income from new business fell by 16.28 per cent to Rs 17,490.68 crore in September, data from Insurance Regulatory and Development Authority of India (Irdai) showed Thursday.
INSURANCE NEWS
SBI Gen Insurance bets on cyber protection, eyes 30% jump in premium income
Fri, Oct 12, 2018     Source : Business Standard
Firms in which IP is critical, such as pharma and research and knowledge-based organisations, were taking the lead in seeking cyber covers to protect their computer systems from hack attacks
INSURANCE NEWS
Premium up, upfront cost of car cover has doubled from September
Fri, Oct 12, 2018     Source : Economic Times
Two-wheeler buyers have to pay nearly 10% of the vehicle’s price upfront towards insurance premium, while car-buyers are seeing the cost of motor cover double from last month.
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