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NEW DELHI: Competition Commission has dismissed allegations of abuse of dominance by four insurance companies, including The New India Assurance Co, and sectoral regulator IRDA.    The complaint of alleged anti-competitive practices was also filed against National Insurance Co, Unite
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CA. Sanjeev Soni
Name08-Jun-2013
Name1899
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MUMBAI: Despite being exposed to perils of heavy smoking, a majority of smokers (58%) in India do not have any form of health insurance, a survey conducted by private non-life insurer ICICI Lombard has found.    Further, a city-wise break-up shows that the percentage of smokers with
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CA. Sanjeev Soni
Name08-Jun-2013
Name1214
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General Insurance Corporation, which has estimated a loss of Rs. 3,000 – 4,000 crores on account of claim settlement for damaged power projects, motor vehicles and personal accident, caused due to floods in the state of Uttarakhand, has come out with the plan of “hazard map” to ide
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Engg Dijo Mathew
Name18-Jul-2013
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Relince general insurance is focusing more on fire, engineering and marine insurance segments as part of its plan to diversify product basket and achieve profitable growth, a top company official said. "We are focusing on commercial lines, fire, engineering and marine insurance, which are stil
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Engg Dijo Mathew
Name03-Sep-2013
Name947
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Hyundai Motor India Ltd (HMIL), the country's second largest car manufacturer, registered cumulative growth of 11.58 % for the month of August 2013. Domestic sales accounted for 28,311 units as compared to 28,257 units for the same month last year. Exports accounted for 24,008 units in August 20
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sonali
Name05-Sep-2013
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MUMBAI: UNLIKE most car owners who have their insurance policies to fall back on, households that were affected by last week's deluge would have to bear losses on their own. Most of the losses could have been covered through a fire insurance policy or a householders policy issued by almost all t
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CA. Sanjeev Soni
Name06-Sep-2013
Name956
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NEW DELHI: Relaxing norms, regulator IRDA today allowed insurance companies to invest in private equity and debt funds.  "Insurers are permitted to invest in Category I & II AIFs (Alternative Investment Funds) under the extant SEBI regulations," the
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sonali
Name06-Sep-2013
Name823
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About 15 years after a fire engulfed its storehouse, a Goregaon-based trading firm will get   Rs. Rs.7.49 lakh, and that the policy document  did not have any specifications about particular floors of the storehouse.
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sonali
Name10-Sep-2013
Name835
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With a view to curb insurance mis-selling, the Insurance regulatory and Development Authority is mulling over an idea to educate about 25 lac insurance agents in the country. The mis-selling has been a major concern for the industry over a decade, specifically after the emergence of equity-oriented
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sonali
Name12-Sep-2013
Name887
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 insurance According to IRDA, awareness about crop insurance amongst the rural populace "is very low and as such large number of crops in India are cultivated without appropriate insurance "Hence there is an urgent need to spread the message of crop insurance to protect farmers
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Engg Dijo Mathew
Name14-Sep-2013
Name828
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The Insurance Regulatory and Development Authority (IRDA) on Friday invited applications from organisations and institutions to establish on-line and off-line ATIs (agents training institutes) for conducting insurance agents training as mandated for the renewal of agent’s license. Diffe
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Engg. Ashok Khurana
Name26-Sep-2013
Name958
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bout 15 years after a fire engulfed its storehouse, a Goregaon-based trading firm will get Rs. 18.28 lakh towards insurance cover and interest. The Maharashtra Consumer Disputes Redressal Commission recently directed Oriental Insurance Company to pay Rajaram V Tarphe and Company Rs.7
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Engg. Ashok Khurana
Name28-Sep-2013
Name816
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he National Insurance Commission (NIC) and the Ghana National Fire Service have intensified efforts to enforce provisions in the Insurance Law that mandates all commercial properties in the country to insure their premises, occupants and visitors against fire. Over the past two weeks, the NIC and
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CA. Sanjeev Soni
Name28-Sep-2013
Name1016
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Since 2000, the non-life segment has transformed as it deregulated and opened its doors to overseas businesses. As a result, the non-life segment has grown significantly over the last decade, resulting in the number of non-life insurance companies increasing from nine in 2000 to 25 in 2012. In terms
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sonali
Name24-Oct-2013
Name1020
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COIMBATORE: In order to bring bariatric (obesity) surgery, with multiple effect on various diseases, under insurance cover, city-based GEM Obesity and Diabetes Surgery Centre has approached Tamil Nadu Government.  Since bariatric surgery was still considered as a cosmetic,
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Engg. Ashok Khurana
Name01-Nov-2013
Name778
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As of late 2013, it remains the case that the strengths and opportunities of the Indian insurance segment outweigh the weaknesses and the threats. Challenges include an idiosyncratic regulatory regime, competitive landscapes (in both major segments) that continue to be dominated by state-owned compa
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Engg Dijo Mathew
Name08-Nov-2013
Name855
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0

Direct Line Insurance Group (LSE: DLG) published its full-year results on Wednesday. Shareholders were kept sweet with the announcement of a second special dividend of 4p, and a 5% increase to the final dividend, taking the total payout for 2013 to 20.6p: that’s a whopping 7.8% yield
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Varun
Name04-Mar-2014
Name811
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  The cars, SUVs, vans, and trucks that can lead to the cheapest policies have now been revealed. While everybody wants to drive a fantastic car with the greatest, flashiest, and most useful features and options, it cannot be forgotten that the choice of make and model will have a consider
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Varun
Name04-Mar-2014
Name940
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Insurance: New premiums not to be impacted by Jan diktat Life insurance companies’ new business premiums for April 1, 2013, to March 31, 2014, would not be impacted by the new product guidelines implemented from January 1, 2014, onwards, say those in the sector. “Wit
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Engg Dijo Mathew
Name21-Apr-2014
Name634
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Irda has made it mandatory for agents to provide full details in transparent manner before persuading policyholders to shift to another life insurance firm. Seeking to safeguard interest of customers, Irda has made it mandatory for agents to provide full details in transparent manner before persuadi
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Engg Dijo Mathew
Name03-Jul-2014
Name773
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Future Generali India Insurance posted a profit of Rd 39.62 crore in the financial year 2013-14. Future Generali India Insurance posted a profit of Rd 39.62 crore in the financial year 2013-14. The company, a joint venture between India's leading retailer Future Group and Italy based insurance m
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sonali
Name03-Jul-2014
Name586
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0

Thursday’s maiden Budget by the Narendra Modi government would be the highlight of the Parliament session Thursday’s maiden Budget by the Narendra Modi government would be the highlight of the Parliament session, which begins on Monday and ends on August 14, but other legislative agenda
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Engg Dijo Mathew
Name07-Jul-2014
Name839
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0

New Delhi: The insurance amendment bill is likely to be tabled in the Rajya Sabha on Tuesday. The Cabinet, headed by Prime Minister Narendra Modi, last week, approved the Insurance Laws (Amendment) Bill, 2008 with a composite foreign investment cap of 49 percent for presenting it in Parliament,
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CA. Sanjeev Soni
Name19-Dec-2014
Name591
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A bill to extend an expiring federalterrorism insurance program effectively died on Tuesday when the US Senatefailed to reach an agreement to hold a vote before Congress wraps up its business for the year.The program, created after the September 11, 2001 attac
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CA. Sanjeev Soni
Name19-Dec-2014
Name557
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0

MUMBAI: Advances in medical technology are resulting in higher health insurance claims, with some treatments seeing a 50% jump in costs due to new procedures.  Policy holders are opting for new procedures that are less painful and ensure faster recovery but cost substantially more. Take t
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Engg. Ashok Khurana
Name19-Dec-2014
Name505
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0

    The total business of all four public sector non-life insurance companies put together, which was at Rs 42,000 crore in 2013-14 is expected to cross Rs 1 lakh-crore by 2020. "Non-life insurance industry is keeping pace with the banking industry while participating in the gov
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Engg. Ashok Khurana
Name19-Dec-2014
Name619
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0

After hardening of premium under group health insurance three months ago, property and fire segments are also set to witness increase in premium rates from the next calendar year. "We do see the hardening of property and fire insurance segments beginning from the new calendar year. However
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Engg Dijo Mathew
Name20-Dec-2014
Name559
Name
0

There have been many developments in the sector in the recent past in the year 2014 - proposal of increasing the Foreign Direct Investment (FDI)  limit to 49%, introduction of the insurance repository, changes in ULIP regulations and availability of policies online. In 2015, the sector is expec
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sonali
Name09-Jan-2015
Name1052
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0
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