News Room

Insurance Bill: The finer aspects

Thursday 18, December, 2014 - The Insurance Laws (Amendment) Bill that is set to be tabled in the Upper House of the Parliament in the next few days is not just about raising the foreign direct investment limit in the sector to 49 ....

Fire insurance rates to zoom up for corporates

Saturday 13, December, 2014 - The insurance regulator’s whip on insurers to better price fire, property and group health risk might prove to be costly for customers. Since heavy discounts up to 90 per cent are being offered ....

Insurance for ATMs, ATM cash carriage gains traction

Saturday 06, December, 2014 - A recent spate in theft of cash from ATMs and vans that deliver the money to the kiosks has prompted companies that ferry the funds and are liable for them to seek insurance. Managed service provid ....

Ulips to see another revamp soon

Tuesday 18, November, 2014 - With the Insurance Regulatory and Development Authority (Irda) planning to make unit-linked insurance plans (Ulips) more customer-friendly by giving at least 90 per cent of the premiums paid as fund v ....

Irda proposes to tighten rules on expense management

Saturday 08, November, 2014 - The Insurance Regulatory and Development Authority (Irda) is tightening its noose around the expenses of management in life insurance companies. If implemented, this will bring down premiums in par ....

Premia hit rock bottom as competition intensifies in online term insurance space

Wednesday 05, November, 2014 - You have a product that costs you Rs 540 a month. It is then reduced to Rs 500 a month. Now, a competitor enters the scene and the price is further reduced to Rs 450 a month. We are not talking about ....

LIC sells Rs 7,700 cr shares in 14 Sensex cos

Sunday 02, November, 2014 - State-owned life insurer LIC lowered its exposure in 14 blue-chip firms during the July-September quarter with sale of shares that are currently worth about Rs 7,700 crore. At the same time, the in ....

Life insurers oppose Sec 45

Saturday 11, October, 2014 - Life insurers have raised objections to a major change in one of the provisions of the revised insurance Bill, likely to be passed in the winter session of Parliament. Section 45 in the new Bill sa ....
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