SBI Life posts net profit of Rs. 622 crore, up by 12 percent
At a time when the life insurance industry is struggling, SBI Life claims impressive results.
by Team Cafemutual May 2, 2013
Role of insurance councils
The role of insurance councils is to coordinate between the government, regulatory board and the public.
by Nishant Patnaik Apr 29, 2013
General Insurance sector registers 19 percent growth in premium collection
Insurance companies and financial advisors attribute this growth to increase in demand of health insurance products.
by Nishant Patnaik Apr 16, 2013
IRDA allows kirana Shop, PCO owners to sell micro-insurance products
With IRDA allowing kirana shops, PCO owners to sell the micro insurance products, some finance planners say that chances of mis-selling could increase. With IRDA allowing kirana shops, PCO owners to sell the micro insurance products, some distributors say that chances of mis-selling could increase.
by Nishant Patnaik Apr 9, 2013
IRDA asks insurance companies to renew lapsed licenses of agents
Insurance market regulator has asked the insurers to carry out campaigns to ensure that maximum licenses are renewed. However, IFAs feel that this will not encourage the drop-out agents.
by Nishant Patnaik Apr 7, 2013
IRDA lifts investment cap of 10 percent on repo, reverse repo transaction in government securities
After examining the demands of insurers, the insurance market regulator has allowed the insurance companies to invest at their own discretion. IRDA has said that the repo/ reverse repo transaction will now be treated at par with Collateralized Borrowing and Lending Obligation (CBLO)
by Nishant Patnaik Apr 4, 2013
Rural insurance has greater potential in India: KG Krishnamoorthy Rao
Future Generali’s general insurance sector has registered a robust growth of 20 percent in the financial year 2012-13.The private insurer has done business of Rs 1,126 crore in the non-life segment this year by selling over 8 lakh policies across the nation, said KG Krishnamoorthy Rao, MD & CEO of Future Generali General Insurance.
by Nishant Patnaik Apr 2, 2013
IRDA asks life insurance cos. to declare NAVs on Sunday
Life insurance CEOs say that the NAV data of 31st March i.e. last day of financial year is essential for valuation.
by Nishant Patnaik Mar 30, 2013
Role of insurance ombudsman
An insurance ombudsman deals with the disputes related to claim settlement, mis-selling, premium payment, legal construction of policy wordings etc.
by Nishant Patnaik Mar 28, 2013
IRDA seeks data from insurance companies in an alleged money laundering row
Insurance regulator asks private life insurers to clarify their stance.
by Team Cafemutual Mar 26, 2013
Life insurance premium declines by 6 percent
Life Insurance sector registers steepdownfall in premium collection for the second consecutive year.
by Nishant Patnaik Mar 25, 2013
Non-life insurers register a robust growth of 19 percent in premium collections
SBI General Insurance registers the highest growth of 218 percent in premium collection among all its peers.
by Pallabika Mar 24, 2013
Reliance Life insurance launches a health insurance with a fixed premium for three years
It’s a family floater scheme which covers primary member, spouse, children as well as parents and parents-in-laws.
by Pallabika Mar 21, 2013
RBI might scan sale of insurance policies by banks
The banking regulator might be discussing this issue in the forthcoming meeting.
by Pallabika Mar 18, 2013
IRDA forms a committee to review insurance broker’s regulation
The committee will look into different problems existing in the distribution space.
by Pallabika Mar 17, 2013