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Airlines insurance premium set to jump on Malaysian tragedies

Last Updated: Thursday, July 24, 2014, 15:23

The already struggling domestic airlines may have to pay higher insurance premium this year following the twin tragedy of the Malaysian Airlines, industry officials said.

Non-life insurers premium income up 12% in March at Rs 77,541 crore

Last Updated: Sunday, June 08, 2014, 12:34

Among other categories, health insurance premium witnessed a rise of 13.5 per cent at Rs 17,623.91 crore in March 2014 and premium towards motor TP (third party) increased substantially by 25.7 per cent to Rs 15,682.85 crore.

Reliance Life's new business up 40% at Rs 1,934 cr in FY14

Last Updated: Thursday, May 22, 2014, 15:24

The company had earned new premium income of 1,377 crore in the previous fiscal (2012-13).

United India eyes Rs 11,000 cr premium in 2014-15

Last Updated: Friday, April 25, 2014, 16:20

United India Insurance Company has set a target of reaching Rs 11,000 crore premium during the current financial year.

'Pvt health insurers cover more people, lag in premium'

Last Updated: Sunday, April 13, 2014, 12:48

"However, in terms of premium it is the other way round as public insurance companies account for maximum share of over 61 percent in premium arising out of health insurance," it added.

'Insurers' losses to remain high despite premium hike'

Last Updated: Friday, April 11, 2014, 20:27

The 10-15 percent average hike in third-party motor premium by the regulator is not sufficient to cover the losses and therefore the claim ratio will stay high, say industry officials.

Insurance premium income to grow at faster rate in FY14-18'

Last Updated: Tuesday, December 17, 2013, 00:39

Improving demographic drivers and supporting regulatory environment is likely to result in faster growth of premium income of insurance industry during FY14-18 as against in the last five fiscals, according to Care Ratings.

Health insurance premium may cross Rs 32K cr by 2016-17: Study

Last Updated: Sunday, December 08, 2013, 12:46

While the public sector insurance companies garner maximum share of health insurance premium to the tune of 61.5 percent in India, private health insurers account for just 38.5 percent, it said.

'Better pricing, reinsurance key to general insurance growth'

Last Updated: Sunday, December 01, 2013, 12:00

Though public sector general insurers are better capitalised to fund their future growth, industry officials feel adequate premium pricing and right reinsurance cover will enable the industry to chug ahead.

Chip in car bonnet to determine insurance premium

Last Updated: Friday, June 14, 2013, 23:26

"An electronic chip costing around Rs.800 will be installed in a car. The telematics will tell the manner in which the car was used - average speed at which it is driven, roads travelled and other data. This will give us data to decide on the premium that needs to be charged," Roopam Asthana, CEO and director at Liberty Videocon General Insurance, told reporters here Friday.

'Motor insurance premium hike too low to cover losses'

Last Updated: Friday, March 29, 2013, 12:20

The general insurance industry on Friday termed the decision of the sectoral regulator to increase the motor insurance premium as a step in right direction, but too low to cover losses in this segment.

Motor insurance premium to be costly by up to 20% from Apr 1

Last Updated: Tuesday, March 26, 2013, 21:12

Motor insurance premium will be costly by up to 20% from Apr 1 in view of rising inflation and the history of claim settlement.