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Birla Sun Life re-launches five life insurance products

Last Updated: Monday, January 13, 2014, 17:53

Birla Sun Life Insurance Monday re-launched five life insurance plans designed in accordance with the new product guidelines.

'Multiple policies for basic cover affecting insurance spread'

Last Updated: Wednesday, January 08, 2014, 18:52

A single comprehensive policy covering basic insurance requirements like life and health will help penetration of insurance products as multiple policies for various covers are cumbersome, Irda chief T S Vijayan said today.

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.

PNB Metlife launches 3 life insurance products

Last Updated: Monday, December 23, 2013, 15:33

The other two products are endowment savings plan and money back plan, PNB Metlife said in a statement.

Reliance Life eyes LIC model to expand reach

Last Updated: Sunday, December 22, 2013, 17:44

They may be rivals in overall business of selling insurance products, but Reliance Life wants to emulate model followed by LIC and become a private sector alternative to the state-run behemoth.

Standard protocol needed for affordable insurance products: IRDA

Last Updated: Monday, December 09, 2013, 17:30

Absence of a standard protocol for treatment has led to lack of uniformity in cost of treatments and there is a need to make affordable insurance products, a member of the insurance sector regulator IRDA said on Monday.

Banks can only sell standard insurance products through branch

Last Updated: Monday, September 09, 2013, 18:06

Banks will be allowed to sell only standard or vanilla insurance products through their branches following the relaxation of brokerage norms by the sectoral regulator IRDA, said a finance Ministry official.

IRDA to cos: File product planner to expedite approval process

Last Updated: Monday, April 01, 2013, 20:51

IRDA Monday asked insurers to mandatorily file a product planner in a prescribed format at least 45 days before the beginning of every financial year with a view to reduce the timelines for giving approvals to insurance products.

Health insurers need affordable, innovative products: Ficci

Last Updated: Sunday, December 09, 2012, 14:35

With skyrocketing medical costs, more and more people will look for health insurance products to secure themselves, said the Ficci-Towers Watson report.

IRDA working on 10 standard insurance products

Last Updated: Wednesday, October 03, 2012, 18:10

Sector regulator IRDA on Wednesday said it will develop 10 standard products in consultation with industry bodies which can be launched by the insurance companies without seeking regulatory nod.

IRDA to frame policy for automatic clearance of life products

Last Updated: Monday, October 01, 2012, 20:25

Insurance regulator IRDA will come out with a new policy to accord automatic clearance to the standard life insurance products and relax investment guidelines to encourage fund flow into infrastructure sector.

Bajaj Allianz to launch gender-based pricing of health policy

Last Updated: Friday, August 31, 2012, 10:35

With studies showing positive risk profile of women for non-life insurers, the Pune-based Bajaj Allianz General Insurance Company Ltd. plans to introduce gender based pricing of its health insurance products, said a top company official Thursday.