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'75% of insurance sales to be online by 2020'

Last Updated: Wednesday, June 25, 2014, 16:47

As many as three-fourths of insurance policies sold by 2020 will be influenced by digital channels, says a report by global management consulting firm Boston Consulting Group and Google India.

HDFC to offer insurance plans online

Last Updated: Thursday, June 19, 2014, 16:35

HDFC Standard Life Insurance Company will start offering most of its insurance plans online by the end of this financial year, a senior company official said here Thursday.

Insurance regulator seeks expert to streamline processes

Last Updated: Sunday, April 27, 2014, 11:21

Insurance sector regulator IRDA is seeking an information technology consultant to help it to streamline processes and lower the cost of compliance.

3 out of 4 insurance policies to be sold online by 2020: Study

Last Updated: Tuesday, March 18, 2014, 22:07

As many as three out of every four insurance policies will be sold online by 2020, says a Google study.

IRDA sets up 9-member panel to review FSLRC recommendations

Last Updated: Sunday, February 02, 2014, 12:29

The committee will also examine the extant legislative and regulatory framework in compliance 14 non-legislative recommendations (NLRs), IRDA said in an order.

Irda imposed Rs 5-cr fine on 12 insurance cos in FY13

Last Updated: Sunday, January 12, 2014, 13:22

HDFC Life paid a fine of Rs 1.47 crore, while ICICI Prudential Life had to shell out Rs 1.18 crore for failure to comply with various provisions of the Insurance Act 1938.

Life insurers line up 500 schemes for launch next year

Last Updated: Sunday, December 29, 2013, 19:50

As many as 500 new insurance schemes are all set to hit the market in the next couple of months, following the approval of industry regulator IRDA as part of its new guidelines applicable from January 1, 2014.

IRDA to bring CSCs for selling simple policies in rural areas

Last Updated: Friday, December 27, 2013, 20:26

The Insurance Regulatory and Development Authority (IRDA) is roping in Common Service Centres as a platform for insurers to sell simple policies in rural areas.

HC notice to 25 insurance cos on PIL asking pre-packaged rates

Last Updated: Tuesday, October 22, 2013, 19:42

The Bombay High Court Tuesday issued notices to 25 non-life insurance companies on a PIL seeking pre-packaged compensation for 42 ailments, covered under medical insurance policies, on the basis of sum insured and on the type of the hospital.

'IRDA should look at making digitisation of policy compulsory'

Last Updated: Monday, September 16, 2013, 13:20

The Insurance Regulatory and Development Authority (IRDA) said the insurance repository system set up by the regulator will be the first of its kind in the world.

Life insurance policies on a decline in last 3 years: Govt

Last Updated: Tuesday, April 23, 2013, 17:41

The number of life insurance policies has witnessed a decline in the last three years due to fall in sales in the unit-linked insurance segment and general market conditions, Parliament was informed.

IRDA to develop mechanism for faster approval of policies

Last Updated: Wednesday, September 26, 2012, 19:26

The insurance companies have been demanding from the Insurance Regulatory and Development Authority (IRDA) faster clearances of products filed with it.