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Insurance industry seeks hike in tax exemption limit

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.

Managing change in industry top risk for insurers: Survey

Insurers in India perceive managing change in industry as the top risk to their business, which is in sharp contrast to overall global results that cite regulation as a major risk, says a recent survey.

Bajaj Allianz launches weather-based crop insurance

Vice president & Head Agriculture Business, Bajaj Allianz Ashish Agarwa said, "The company has identified the need to offer the product in these areas looking at the volumes of the produce and how unfavourable weather conditions had an impact on the produce."

Insurance industry threatens to go on nation-wide stir

Opposing the proposed bill allowing foreign direct investments in insurance sector, the General Insurance Employees' All India Association has threatened to stage a nation-wide stir if the Centre goes ahead with its proposal.

'Rs 60K-cr investments needed for more insurance penetration'

The domestic insurance industry needs investments worth up to Rs 60,000 crore in next five years to increase the penetration levels substantially from the current 3.9 percent, Insurance Regulatory and Development Authority Chairman, T S Vijayan has said.

Insurers may need around Rs 8,000 crore as new capital: ICRA

The non-life segment will lead the recapitalisation drive in the domestic insurance sector, as the industry as a whole may raise up to Rs 8,000 crore over the next five years to shore up equity capital, says a report.

Despite losses, insurance industry attracts investments: IRDA

The insurance watchdog said the FDI limit will be fixed by the government and the IRDA's job is to ensure that regulations are followed by the companies.

General insurance players see revival in H2 FY15

General insurance (GI) industry expects better growth in the current fiscal as greenshoots start appearing in the commercial vehicle segment amid hope that post-election a stable government at the Centre would augur well for the sector.

Passage of Insurance Bill remains an unfulfilled dream this year

The insurance industry, which has been hit by money laundering allegations, is looking for the revival of the economy for a pick up as elusive political consensus continues to hold up the raising of foreign investment limit in the sector.

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

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.

Insurance industry needs sustainable, profitable model: Kocchar

Terming the low insurance density in the country as a "matter of concern", ICICI Bank MD and CEO Chanda Kochhar on Tuesday said the industry requires a sustainable and profitable model for growth.

Insurance industry to grow below 5% in FY'14: CII

"The growth of the Indian insurance industry is projected to remain below 5 percent in the current fiscal (FY 2013-14)," said a CII survey of 30 leading insurance companies.

Insurance industry poised for growth: Report

Even as the insurance sector has witnessed a decline due to regulatory changes, industry leaders are optimistic about scope for growth.

Insurance industry need to innovate, simplify products: Study

India's insurance industry needs to innovate, simplify products and build trust amongst the customers through effective distribution claims management in order to ensure growth in the sector, a study said Sunday.

LIC to expand overseas

Seeking to redefine itself at a time when the Insurance industry was witnessing a de-growth, LIC would expand in overseas markets and start segmenting agents from next month onwards, a top official said on Friday.

General insurance industry grew 8% in first half

Non-life insurers have collected
Rs 16,819 crore premium in the first six months of the current
fiscal, up by eight per cent over what was mopped up in the
the same period last year.