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 |
Star Union Dai-ichi to target SMEs for group insurance
September 14th, 2010 - 2:36 pm ICT by IANS
Chennai, Sep 14 (IANS) Star Union Dai-ichi Life Insurance Company is targeting small and medium enterprises (SME) which are clients of its two promoter banks- Bank of India Union and Bank of ... Read more...
Posted in Business |
Max New York Life launches two new ULIPs
September 9th, 2010 - 5:10 pm ICT by ANI
New Delhi, Sept. 9 (ANI-Business Wire India): Continuing a tradition of delivering products with superior customer value, Max New York Life Insurance Co. Ltd, one of India's leading life insurance companies announced ... Read more...
Posted in Business |
More than 250 ULIPs sucked out of the market
September 2nd, 2010 - 10:07 pm ICT by IANS
Chennai, Sep 2 (IANS) The kicking in of new norms for unit linked insurance policies (ULIP) issued by Insurance Regulatory and Development Authority (IRDA) Wednesday has sucked out around 260 products sold ... Read more...
Posted in Business |
IndiaFirst Life to expand distribution reach
September 2nd, 2010 - 3:21 pm ICT by IANS
Chennai, Sep 2 (IANS) IndiaFirst Life Insurance, a three-way joint venture of Andhra Bank, Bank of Baroda and British financial institution Legal and General, will open 12 new branches to sell its ... Read more...
Posted in Business |
New ULIP norms will build investor confidence: Pranab
September 1st, 2010 - 8:51 pm ICT by IANS
Mumbai, Sep 1 (IANS) Finance Minister Pranab Mukherjee said the new norms for unit-linked insurance plans (ULIPs) which kicked in Wednesday are aimed at building investor confidence.
"Reforms are not static, ... 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 |
IRDA adopts tough standards for approving new ULIPs
August 25th, 2010 - 7:00 pm ICT by IANS
Chennai, Aug 25 (IANS) The Insurance Regulatory and Development Authority (IRDA) is going through the new unit-linked insurance plans (ULIPs) filed for approval with a fine comb so that it is not ... Read more...
Posted in Business |
Sixty ULIPs filed with IRDA for approval
August 20th, 2010 - 7:04 pm ICT by IANS
Chennai, Aug 20 (IANS) More than 60 new unit linked insurance policies (ULIP) have been filed for approval with the insurance regulator during the past two days by the Indian life insurers.
The ... Read more...
Posted in Business |
Future Generali to open 100 new branches
June 30th, 2010 - 7:55 pm ICT by IANS
Chennai, June 30 (IANS) Private life insurer Future Generali India will expand its distribution network by opening around 100 branches and sign up bancassurance deals to close this year with a ... Read more...
Posted in Business |
Day after truce, SEBI says order applies to new ULIPs
April 13th, 2010 - 9:27 pm ICT by IANS
Mumbai, April 13 (IANS) A day after Finance Minister Pranab Mukherjee brokered a ceasefire between the two warring financial regulators, capital markets watchdog Securities and Exchange Board of India (SEBI) Tuesday ... Read more...
Posted in Business |
IRDA asks life insurers to defy SEBI ban (Lead)
April 11th, 2010 - 5:02 pm ICT by IANS
Chennai, April 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) has asked 14 life insurers to defy the ban imposed by the Securities and Exchange Board of India (SEBI) on selling ... Read more...
Posted in Business |
Life insurers asked to defy SEBI ban
April 11th, 2010 - 2:26 pm ICT by IANS
Chennai, April 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) has asked 14 life insurers to defy the Securities and Exchange Board of India (SEBI)-imposed ban on selling unit linked insurance ... Read more...
Posted in Business |
IRDA to contest SEBI order (With SEBI bans 14 insurance companies from selling ULIPs)
April 10th, 2010 - 11:05 pm ICT by IANS
Chennai, April 10 (IANS) The Insurance Regulatory and Development Authority (IRDA) Saturday said it will challenge, in a legal forum, market watchdog Securities and Exchange Board of India's order banning 14 life ... Read more...
Posted in Business |
SEBI bans 14 insurance companies from selling ULIPs
April 10th, 2010 - 6:16 pm ICT by IANS
Mumbai, April 10 (IANS) Market regulator Security and Exchange Board of India (SEBI) has banned 14 insurance companies from selling Unit-Linked Insurance Products (ULIPs).
The companies are Aegon Religare, Aviva, Bajaj Allianz, Bharti ... Read more...
Posted in Business |
Life insurance industry may grow 10 percent in 2010
February 15th, 2010 - 11:43 am ICT by IANS
By V. Jagannathan
Chennai, Feb 15 (IANS) India's life insurance industry is expected to grow by around 10 percent in 2010 over the previous year, mainly by improving efficiency but also by expanding ... Read more...
Posted in Business |
Insurance regulator may focus on small policyholder this year
February 14th, 2010 - 1:21 pm ICT by IANS
By Venkatachari Jagannathan
Chennai, Feb 14 (IANS) 2010 will see India's insurance regulator coming of age and focusing on how to provide maximum benefits to the average policyholder, industry watchers expect.The Insurance Regulatory ... 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 |
Tough life ahead for life insurers in 2009
March 1st, 2009 - 2:00 pm ICT by IANS
Chennai, March 1 (IANS) After growing at a break-neck speed in the past eight years, India's private life insurers are likely to face a tough time in the coming two years thanks ... Read more...
Posted in Life Style |