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Private insurers meet FM; pitch for raising FDI ceiling to 49%

Last Updated: Thursday, June 19, 2014, 21:37

Industry has been demanding raising FDI limit to 49 percent from 26 percent at present so that they get the much needed capital to enhance their business.

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.

General insurers turn cautious on El Nino threat

Last Updated: Monday, April 28, 2014, 12:37

Fears of a possible El Nino threat to monsoon is likely to turn general insurers cautious in risk-taking, especially in the crop and weather insurance segments, according to industry officials.

PSU general insurers' market share dips marginally: IRDA

Last Updated: Thursday, January 02, 2014, 19:08

Meanwhile, market share of private sector insurers rose to 44.39 percent during the reporting period from 42.20 percent in FY12, the report 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.

IRDA for banks selling products of multiple insurers

Last Updated: Wednesday, July 10, 2013, 16:08

Insurance regulator IRDA on Wednesday indicated favouring banks to sell products of multiple insurance companies as the move would help deepen insurance penetration in the country.

Life insurers' premium income falls over 6% in Apr-Feb FY13

Last Updated: Sunday, March 31, 2013, 16:14

Total premium collected during the April-February period of 2012-13 fiscal by the industry stood at Rs 84,501.75 crore, down 6.12 percent over the same period previous year.

Funds managed by insurers to touch Rs 30 lakh crore in 5 yrs: IRDA chief

Last Updated: Wednesday, February 20, 2013, 16:18

The size of funds managed by insurers in the country is expected to reach a whopping level of Rs 30 lakh crore in the next five years, marking a 70 percent jump from current level, outgoing insurance regulator J Hari Narayan said on Wednesday.

Indian insurers to spend Rs 10,100 cr on IT in 2013: Gartner

Last Updated: Wednesday, January 23, 2013, 16:22

This forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications, it said.

Non-Life insurance cos unlikely to hit IPO street soon: GIC

Last Updated: Friday, January 18, 2013, 18:21

Non-life insurers are unlikely to hit the capital market to raise resources and are expected to wait for a year or two because of weak financials, a top official of an insurance company said on Friday.

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.

PSU insurers asked not to charge low premium on fire insurance

Last Updated: Sunday, August 26, 2012, 13:17

In a letter to the CMDs of four state-owned general insurance companies, the ministry said that the insurers are focusing on increasing business even at the cost of incurring losses.