policyholders

HDFC Standard Life Insurance fined Rs.1.47 crore


June 28th, 2012 - 11:48 pm ICT by IANS
Chennai, June 28 (IANS) The Insurance Regulatory and Development Authority (IRDA) slapped a fine of Rs.1.47 crore on HDFC Standard Life Insurance Company.Passing the penalty order, which was made public ... Read more...

Posted in Business |

Insurance regulator fines HDFC Standard Life for claims delay


October 5th, 2011 - 10:50 pm ICT by IANS
Chennai, Oct 5 (IANS) India's insurance regulator Wednesday imposed a fine of Rs.500,000 on Mumbai-based private life insurer HDFC Standard Life Insurance Company Ltd for not having in place effective ... Read more...

Posted in Business |

Insurers to face challenges, but sector to grow: Survey


June 8th, 2011 - 11:43 pm ICT by IANS
Chennai, June 8 (IANS) Low productivity of individual agents, a high policy lapse rate and lack of experienced personnel are among the challenges that private life insurers in India will ... Read more...

Posted in Business |

Bharti Airtel has 200 million customers: Mittal


November 18th, 2010 - 10:23 pm ICT by ANI
New Delhi, Nov 18 (ANI): Sunil Bharti Mittal, Chairman and Managing Director, Bharti Airtel, on Thursday announced that the company has crossed the significant milestone of 200 million customers in the year ... Read more...

Posted in Business |

Scrapped insurance products bring actuaries in spotlight


October 24th, 2010 - 9:22 pm ICT by IANS
Chennai, Oct 24 (IANS) The Indian actuarial profession is in the spotlight with more than 500 life insurance products being scrapped by the insurance regulator since 2007 for being opaque or against ... Read more...

Posted in Business |

IRDA bans universal life products


October 21st, 2010 - 11:09 pm ICT by IANS
Chennai, Oct 21 (IANS) In yet another policy holder-friendly move, the Insurance Regulatory and Development Authority (IRDA) Thursday banned the sale of universal life products from Oct 22, 2010.The universal life product ... Read more...

Posted in Business |

Aegon Religare Life to expand online product offering


October 7th, 2010 - 9:26 pm ICT by IANS
Chennai, Oct 7 (IANS) Aegon Religare Life Insurance Company has decided to expand its product offering in the online space."We have filed with the insurance regulator a unit linked insurance policy (ULIP) ... Read more...

Posted in Business |

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 |

Policy-holders to be told about alternate hospitals


August 25th, 2010 - 12:11 am ICT by IANS
Chennai, Aug 24 (IANS) The Insurance Regulatory and Development Authority (IRDA) Tuesday asked life and non-life insurers to inform policyholders about alternative hospitals nearest to them whenever any hospital is delisted from ... Read more...

Posted in Business |

State-run insurers not to withdraw cashless reimbursement


August 17th, 2010 - 7:14 pm ICT by IANS
New Delhi, Aug 17 (IANS) State-run general insurance companies will not withdraw cashless health or accidental insurance products and customers can avail such services from the network of hospitals approved by the ... Read more...

Posted in Business |

Life insurance firms mull riders to take policyholders for a ride


August 1st, 2010 - 1:26 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Aug 1 (IANS) The dirty tricks departments in life insurance firms are busy at work to beat the new regulations for unit-linked insurance policy (ULIP) issued by the regulator, ... 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 |

PSU insurers plan health claims settlement agency


May 3rd, 2010 - 8:51 pm ICT by IANS
Chennai, May 3 (IANS) Four state-owned non-life insurers - National Insurance Company, New India Assurance Company, Oriental Insurance Company and United India Insurance Company - are moving towards floating a common ... Read more...

Posted in Business |

SEBI order on ULIPs a wake-up call for IRDA


April 12th, 2010 - 6:04 pm ICT by IANS
By Venkatachari Jagannathan Chennai, April 12 (IANS) The order of Securities and Exchange Board of India (SEBI) banning 14 life insurers from selling unit-linked insurance products (ULIP) is a wake-up call for the ... Read more...

Posted in Business |

Reliance Life launches new unit linked insurance product


February 21st, 2010 - 1:37 pm ICT by IANS
Mumbai, Feb 21 (IANS) Reliance Life Insurance, a part of the Reliance Anil Dhirubhai Ambani Group, Sunday launched a new unit-linked insurance plan that "guarantees high returns" and targets policy holders from ... Read more...

Posted in Business |

Aegon Religare plans Rs.85-cr capital infusion (Lead)


January 16th, 2010 - 6:51 pm ICT by IANS
Chennai Jan 16 (IANS) Private life insurer Aegon Religare has targeted a premium income of Rs.215 crore this fiscal, and plans to infuse around Rs.85 crore as fresh capital by March. "Post infusion, ... Read more...

Posted in Business |

Aegon Religare to infuse Rs.85 cr fresh capital


January 16th, 2010 - 4:47 pm ICT by IANS
Chennai Jan 16 (IANS) Private life insurer Aegon Religare Life Insurance, which has targeted a premium income of Rs.215 crore this fiscal, will infuse around Rs.85 crore as fresh capital by March. "Post ... Read more...

Posted in Business |

Canara HSBC simplifies death claims payment


October 20th, 2009 - 10:05 pm ICT by IANS
Chennai, Oct 20 (IANS) Private life insurer Canara HSBC Oriental Bank of Commerce Life Insurance Tuesday announced that it would pay the fund value of its unit-linked insurance policies (ULIP) immediately on ... Read more...

Posted in Business |

Brit victim of Mumbai terror attack faces three million pound medical bill


August 14th, 2009 - 7:31 pm ICT by ANI
London, Aug.14 (ANI): A Britisher, who was a victim of last year's Mumbai terror attacks, faces the prospect of paying three million pounds in medical expenses.According to The Telegraph, 29-year-old Will Pike, ... Read more...

Posted in World |

Birla Sun Life Insurance strengthens its relationship with Development Credit Bank


June 24th, 2009 - 8:12 pm ICT by Sampurn Wire
Renews its 6 year long Bancassurance partnership for additional 3 yearsMumbai, 24 June 2009: Birla Sun Life Insurance (BSLI) announced the renewal of its bancassurance partnership with Development Credit Bank (DCB), ... Read more...

Posted in Entertainment |

LIC policyholders likely to see their bonuses diminish


January 25th, 2009 - 11:19 am ICT by IANS
Chennai, Jan 25 (IANS) Life Insurance Corp of India (LIC) policyholders have to brace up for a cut in bonuses as the insurer's surplus could take a hit of around Rs.80 billion ... Read more...

Posted in Politics |

LIC’s new policy won’t be subsidized by policyholders: Chairman


January 22nd, 2009 - 11:11 am ICT by IANS
Chennai, Jan 22 (IANS) Existing Life Insurance Corp (LIC) policyholders will not have to subsidise holders of the insurer's new guaranteed return product Jeevan Aastha, LIC chairman T.S. Vijayan has said.Launched for ... Read more...

Posted in Uncategorized |

Max New York Life introduces interactive voice response in 10 Languages


December 17th, 2008 - 8:13 pm ICT by ANI
New Delhi, Dec 17 (ANI/Business Wire India): Max New York Life Insurance, one of India''s leading life insurance companies, today announced the introduction of Interactive Voice Response Service (IVR) in 10 ... Read more...

Posted in Business |

Max New York Life crosses over Rs. 3,000 Crore in collected premium


November 25th, 2008 - 9:04 pm ICT by ANI
New Delhi, Nov 25 (ANI/Business Wire India): Max New York Life Insurance, one of the leading life insurance companies of India, today announced that it has crossed Rs. 3,000 crore in ... Read more...

Posted in National |

Health insurance policy for workers starts


April 1st, 2008 - 5:36 pm ICT by admin
New Delhi, April 1 (IANS) The government's health insurance policy to cover around 300 million poor unorganised sector workers comes into effect from Tuesday. The government earmarked Rs.2.5 billion for the policy ... Read more...

Posted in Uncategorized |

ICICI Lombard partners US healthcare firm


March 19th, 2008 - 11:04 am ICT by admin
Washington, March 19 (IANS) India's second-largest health insurer, ICICI Lombard is partnering with America's UnitedHealth Group to provide Indian travellers to the US with access to a broad array of health care ... Read more...

Posted in World |

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