close
This ad will auto close in 10 seconds
Non-life insurance premium soars 86% in September to Rs 14,950 crore

Non-life insurance premium soars 86% in September to Rs 14,950 crore

Of the total premium underwritten by non-life insurance companies during the month, public insurers garnered Rs 9,164.10 crore while private players took a combined Rs 5,785.90 crore, according to Insurance Regulatory and Development Authority of India (Irdai) data.

More than 4 lakh train passengers opt for insurance cover

More than 4 lakh train passengers opt for insurance cover

A day after the train travel insurance facility was launched, more than 4 lakh passengers have opted for the scheme till this evening making the passenger-friendly initiative a hit.

'Insurers will have to deal with more taxes in GST regime'

Insurance companies will potentially have to deal with more taxes once the GST is implemented with the emergence of the Centre and states as dual stakeholders.

Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry is all set to issue a draft Cabinet note on listing of public sector insurance companies. This development comes in line with the announcements made in the budget.

Irdai ask insurers for compliance details on Ombudsman orders

Taking note of delay by insurers in implementing orders and awards of Ombudsmen, insurance regulator Irdai today directed companies to furnish details of cases pending for compliance for the last three years.

FM Jaitley proposes listing of PSU general insurance companies

FM Jaitley proposes listing of PSU general insurance companies

Finance Minister Arun Jaitley Monday proposed listing of four wholly-owned PSU general insurance companies.

Insurance Companies Planning To Tie Up With Payment Banks To Increase Insurance Penetration

To increase Insurance penetration in India Insurance companies are eyeing to tie up with RBI authorised payment banks.

United India eyes Rs 11,800 cr premium in 2015-16

Riding on the growth of motor and health insurance segments, public sector United India Insurance has set a target of clocking a total premium of Rs 11,800 crore during the current financial year.?

IRDAI to issue corporate governance norms this month

Insurance Regulatory and Development Authority of India (IRDAI) will issue corporate governance norms this month to address issues such as management control of insurance companies among other things

New India Assurance to expand biz to Asia, Africa, N America

New India Assurance (NIA), the largest non-life insurer in the country, has charted out its global expansion plans that include areas like Asia, North America and Africa.

10 trade unions observe nationwide strike

10 trade union comprising bank, insurance, post office and a whole lot other are on strike today. An estimated 15 crore people will not be working though this massive strike. The strike has been called to increase the minimum salary allowance to Rs. 15000.

Pension biz of life insurers plunges 90% to Rs 2k cr in FY15

The pension business of life insurance players is down to a meagre Rs 2,000 crore in 2014-15, from Rs 20,000 crore in 2009-10.

Probe against 16 insurers in Rs 2,500-cr CENVAT credit case

Under the CENVAT credit scheme, a manufacturer or a service provider can avail credit of excise duty paid on inputs.

Govt plans 'Suraksha Bandhan' drive to push social security

Seeking to tap 'Raksha Bandhan' festival, the government plans to launch a 'Suraksha Bandhan' drive to push its flagship social security plans through innovative schemes like gift cheques and special deposits.

Life insurance market clocks 20% growth in first quarter

After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.

Low interest rates make saving nearly mission impossible

While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible.

AXA wins India approval to raise stake in Bharti insurance JVs

Europe`s second biggest insurer AXA has won the Indian government`s approval to raise its stake in two local insurance joint ventures with Bharti Enterprises to 49 percent, a government statement showed.

Govt revamps selection norm for non-official directors in PSBs

To ensure efficient management of PSU banks and insurance companies, the government has revamped the procedure for appointment of non-official directors and will invite online applications from candidates.

Insurers eye billions of dollars as Par clears Bill

Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent.

Mediclaims should be settled by insurance co and not TPAs: HC

The Bombay High Court Thursday asked the Insurance Regulatory and Development Authority to ensure that insurance companies did not involve Third Party Administrators (TPA) in the claim settlement.