Tihar inmates to get life insurance cover under Jan Dhan Yojna

 Inmates of Delhi's high-security Tihar jail will soon get life and accidental insurance cover as the prison administration, in collaboration with Indian Bank, has decided to get their accounts opened under the Jan Dhan Yojna.

Designed for life

While the sales departments of insurance companies have been the biggest recruiters traditionally, segments like operations, digital, technology and actuary are also offering great career opportunities, says Rajendra Ghag.

J&K govt to give life insurance to Panchayat representatives

Jammu and Kashmir government on Tuesday said steps were being taken to provide life insurance to panchayat representatives.

Life policies could soon become paperless

Life insurance policy holders may not be required to keep paper records of their policies once the plan for digitalisation of the sector that is being worked on by the Life Insurance Council is approved by the regulator IRDA.

Reliance Insurance launches two new schemes

In a bid to tap different market segments, Reliance Life Insurance Company (RLIC) announced the launch of two new products - Reliance Jan Samriddhi plan and Reliance traditional super invest plan - here Tuesday evening.

Life insurers premium collection rises 21 pc

Life insurance industry logged a 21 per cent increase in premium collections during the first seven months of the current fiscal compared to the same period last year, indicating recovery in the sector.

Life insurance industry to clock Rs 2,55,000 cr premium this fiscal

The Indian life insurance industry is expected to grow by about 15 per cent in the current financial year to touch a total premium income of Rs 2,55,000 crore in 2009-10.

IDBI Fortis Life Insurance to break even by 2015

Private sector insurer IDBI Fortis Life Insurance, which started its business last year, today said it expects to break even by 2015.

IRDA mulls allowing life insurers to invest in derivatives

Insurance regulator IRDA is
considering allowing life insurers to invest part of policy
holders` money in equity derivatives, a move that would allow
these firms to hedge the risks emanating from cash markets.

IRDA asks life insurers for details on health policies

Insurance regulator IRDA on Friday
asked all life insurers to give detailed information of their
health insurance policies in electronic form on half yearly
basis from next fiscal.

Bharti Axa plans expansion, eyes 5% market share in 3 years

Bharti AXA Life Insurance is targeting a five percent market share by end-2012 and has charted out an aggressive road map for expansion, a top company official said.

No inherent right for revival of lapsed policy: Natl Comm

The lapsed insurance policy
cannot be revived as a matter of right on acceptance of the
premium without the policy-holder receiving the approval of
revival from the insurance company, the apex consumer body has
held.

Life insurers welcome IRDA move to remove mortality charges

Life insurance companies today
welcomed the IRDA`s move to remove mortality charges from
`cap on charges` on ULIPs products.

Life insurance industry death claims payout rises 21% in Q1

The Life Insurance industry paid 20.74 percent higher death benefit to its policy holders at Rs 1,717 crore during the first quarter of the current fiscal.