insurance council

Non-life insurers log 17 percent growth in first quarter


July 12th, 2012 - 4:36 pm ICT by IANS
Chennai, July 12 (IANS) The 24 non-life insurance companies logged 17.96 percent business growth during the first quarter of the current fiscal, said industry sources."The industry closed the first quarter ... Read more...

Posted in Business |

Insurers to discuss revision in health, motor insurance


July 3rd, 2012 - 4:46 pm ICT by IANS
Chennai, July 3 (IANS) A key panel on the non-life insurance sector will be meeting in Hyderabad Wednesday to discuss the issue of an upward revision in health and motor ... Read more...

Posted in Business |

Experts demand rules for stake dilution in insurance firms


December 5th, 2011 - 8:22 pm ICT by IANS
Chennai, Dec 5 (IANS) The government should come out with rules such as setting a time frame for dilution of excess stake held by promoters of life insurance companies as ... Read more...

Posted in Business |

Nothing new for insurance sector: Experts


February 28th, 2011 - 11:09 pm ICT by IANS
Chennai, Feb 28 (IANS) Insurance companies have reacted in a varied manner to Finance Minister Pranab Mukherjee's proposals for the sector in his budget for 2011-12. Some termed it a boost ... Read more...

Posted in Business |

Insurance regulator to meet, brief life insurers on flaws


January 11th, 2011 - 4:49 pm ICT by IANS
Chennai, Jan 11 (IANS) The Indian insurance regulator is planning to start the new year with a path-breaking initiative of calling promoters of private life insurers and having a frank discussion with ... Read more...

Posted in Business |

Study: Honda Accord 1992 is the favorite target of the car thieves


September 21st, 2010 - 7:50 pm ICT by Aishwarya Bhatt
Sep 21 (THAINDIAN NEWS) The annual National Insurance Crime Bureau's (NICB) Hot Wheels Report for 2009 is out and the report indicates that car thieves targeted Honda Accord 1992 model most ... Read more...

Posted in World News |

The 1992 Honda Accord Is The Favorite Target Of Car Thieves


September 21st, 2010 - 7:48 pm ICT by Pen Men At Work
September 21, 2010 (Pen Men at Work): The 1992 Honda Accord seems to be a favorite target of car thieves in Washington. This interesting fact was revealed in the ‘Hot ... Read more...

Posted in World News |

New dawn, sunset or eclipse for life insurers?


August 31st, 2010 - 11:52 pm ICT by IANS
Chennai, Aug 31 (IANS) A new dawn or a sunset or a short eclipse? These are the questions life insurance officials will be pondering over when they enter their offices Wednesday, as ... Read more...

Posted in Business |

For life insurers, Aug 31 will have 384 hours


August 20th, 2010 - 6:36 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Aug 20 (IANS) For private life insurers, Aug 31 could be the longest working day this fiscal as they scurry to book unit-linked policies (ULIPs) sold long after the ... Read more...

Posted in Business |

IRDA is micro managing life insurers: Experts


July 19th, 2010 - 2:41 pm ICT by IANS
By Venkatachari Jagannathan Chennai, July 19 (IANS) The Insurance Regulatory and Development Authority (IRDA) seems to be trying to micro-manage the sector with its proposed measures on hiking the policy persistency (policy continuity/renewal) ... Read more...

Posted in Business |

Sell more policies for better renewal ratio: Insurance regulator


July 17th, 2010 - 10:52 pm ICT by IANS
Chennai, July 17 (IANS) In order to increase the persistency or continuity of life insurance policies by policyholders, the Insurance Regulatory and Development Authority (IRDA) has suggested agents sell more policies per ... Read more...

Posted in Business |

Private insurers upset over GIC cutting commission rates


April 14th, 2010 - 4:46 pm ICT by IANS
Chennai, April 14 (IANS) A section of private non-life insurers are planning to take up with the General Insurance Council of India the move by the General Insurance Corporation of India to ... Read more...

Posted in Business |

Regulators’ tussle leaves life insurers worried


April 11th, 2010 - 5:22 pm ICT by IANS
By Venkatachari Jagannathan Chennai, April 11 (IANS) The turf war between the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA) over regulating unit linked insurance policies ... Read more...

Posted in Business |

Life insurers to save, policyholders to benefit


February 26th, 2010 - 5:54 pm ICT by IANS
By V. Jagannathan Chennai, Feb 26 (IANS) Finance Minister Pranab Mukherjee's budget may have rejected major demands of life insurers, but the proposal to treat life insurers at par with the mutual ... Read more...

Posted in Business |

Foreign insurers may baulk at raising stake in JVs: Experts


February 4th, 2010 - 2:58 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Feb 4 (IANS) Foreign life insurers will adopt a wait-and-watch policy before entering India even if the government amends the Insurance Act to increase foreign investment limit to 49 ... Read more...

Posted in Business |

Regulator to raise unit linked policy lock-in period


August 7th, 2009 - 7:00 pm ICT by IANS
Chennai, Aug 7 (IANS) The country's insurance regulator is planning to raise the lock-in period for Unit Linked Insurance Policies (ULIPs) by two years to five years with a view to reducing ... Read more...

Posted in Business |

Life insurers disappointed with budget


July 6th, 2009 - 5:44 pm ICT by IANS
Chennai, July 6 (IANS) The union budget for 2009-10 presented by Finance Minister Pranab Mukherjee Monday has disappointed the domestic life insurance sector. "There is no major announcement on tax sops. It ... Read more...

Posted in Business |

Life insurers hope for reforms by the new government


May 17th, 2009 - 5:19 pm ICT by IANS
Chennai, May 17 (IANS) A much stronger Congress-led coalition to form the next government bodes well for the life insurance sector clamouring for reforms, says the industry's representative organisation. "Two important amendment bills ... Read more...

Posted in Politics |

Tax department to be consulted before changing insurance Form I


March 13th, 2009 - 4:29 pm ICT by IANS
By Venkatachari Jagannathan Chennai, March 13 (IANS) India's insurance regulator will seek the opinion of the Central Board of Direct Taxes (CBDT) before changing the format of the valuation balance sheet, or Form ... Read more...

Posted in Business |

Private life insurers to seek clarity on tax laws


February 8th, 2009 - 5:16 pm ICT by IANS
Chennai, Feb 8 (IANS) After having received notice from the Income Tax department to reopen their past tax assessments, private life insurers are likely to approach the sectoral watchdog seeking clarity on ... Read more...

Posted in Uncategorized |

Giant Antarctic ice sheet hangs by an icy thread


January 31st, 2009 - 12:51 pm ICT by ANI
Wellington, Jan 31 (ANI): The Wilkins Ice Shelf, a giant Antarctic ice sheet, is literally hanging by an icy thread, and can break-off anytime.According to a report in stuff.co.nz, if it ... Read more...

Posted in Health Science |

Rao retires as insurance regulatory body chief


May 14th, 2008 - 4:02 pm ICT by admin
Chennai, May 14 (IANS) "A fair and firm regulator" is the how insurance industry officials describe Chellapilla Satyanarayana Rao, chairman, Insurance Regulatory and Development Authority (IRDA) who lay down office Wednesday. Officials ... Read more...

Posted in Business |

Non-life insurers opting for in-house claims cell


April 25th, 2008 - 12:46 pm ICT by admin
By Venkatachari Jagannathan Chennai, April 25 (IANS) Private non-life insurance companies are setting up their own cells with qualified doctors to process claims as opposed to outsourcing the services in a bid to ... Read more...

Posted in Business |

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