Ask Experts!

News > Misc

Add News

CHANDIGARH: Buyers of insurance policies are promised gold coin, cash back, guaranteed return and in some cases a foreign trip by some private insurance companies that mis-sell products, the Insurance Ombudsman was told.    Such complaints continue to be top among list of complaints
Continue Reading...

CA. Sanjeev Soni
Name08-Jun-2013
Name1815
Name
0

MUMBAI: Even before the start of the application process, corporates aspiring for a bank licence are striking strategic deals ahead of putting their proposal before the Reserve Bank of India. On Monday, Reliance Capital and Religare Enterprises announced strategic deals with foreign investors as par
Continue Reading...

Engg. Ashok Khurana
Name29-Jun-2013
Name853
Name
0

General insurance claims arising out of the ravaging floods in Uttarakhand are estimated to be around Rs3,000crore,an industry insider said on July 6.   Speaking to the reporters, Sri Milind Kharat, Chairman - cum - Managing Director of United India Insurance Company (UIIC) said, “O
Continue Reading...

Engg. Ashok Khurana
Name22-Jul-2013
Name822
Name
0

Flashfloods in Uttarakhand, which have claimed the lives of over 100 people in the past few days, have also got insurance companies preparing for settlement of claims. Both life and general insurance companies, the local offices of which today met in Dehradun informally, said their teams were read
Continue Reading...

Engg. Ashok Khurana
Name22-Jul-2013
Name951
Name
0

The miscellaneous insurance segment, which is considered a small area of business by general insurance companies, has seen a rise inpremium numbers thanks to a rise in customer demand. With packaged policies being developed in this segment, more customers are eager to buy th
Continue Reading...

Engg Dijo Mathew
Name04-Sep-2013
Name770
Name
0

Premium collection from the miscellaneous insurance segment increased to Rs. 83.97 billion in the financial year 2012-13 from Rs. 70.49 billion in FY11-12, according to IRDA (Insurance Regulatory and Development Authority) data.  Of the total Rs. 83.97 billion pre
Continue Reading...

sonali
Name05-Sep-2013
Name805
Name
0

The miscellaneous insurance segment, which is considered a small area of business by general insurance companies, has seen a rise inpremium numbers thanks to a rise in customer demand. With packaged policies being developed in this segment, more customers are eager to buy th
Continue Reading...

Engg Dijo Mathew
Name10-Sep-2013
Name871
Name
0

Banks have been told to provide round-the-clock security in Automated Teller Machine (ATM) kiosks throughout the country. However, while majority of the banks have aninsurance cover for theft and damage related incidents in ATMs, hospitalisation cover for victims of physical attacks in ATMs cou
Continue Reading...

CA. Sanjeev Soni
Name04-Mar-2014
Name698
Name
0

The top brass of the Insurance Regulatory and Development Authority (IRDA) met their counterparts from the Reserve Bank of India and chiefs of public and private sector banks on Monday to address their concerns on banks taking the broking route for selling insurance policies. The three major concern
Continue Reading...

Engg. Ashok Khurana
Name04-Mar-2014
Name545
Name
0

Hyderabad: The Insurance Regulatory and Development Authority may make the broking model for banks compulsory soon if significant traction is not achieved in insurance penetration. "IRDA is already in touch with the Ministry of Finance and the RBI in this regard. A decision with regard to maki
Continue Reading...

Engg. Ashok Khurana
Name04-Mar-2014
Name696
Name
0

Infrastructure Debt Funds (IDFs) should try to mobilise resources from the insurance and pension sectors as these funds have a long-term horizon, according to Finance Minister P. Chidambaram. The first tripartite agreement of this kind was signed by India Infradebt Fund (IDF), an IDF promoted by ICI
Continue Reading...

Engg. Ashok Khurana
Name04-Mar-2014
Name798
Name
0

MUMBAI: Private insurer Canara HSBC Oriental Bank of Commerce Life Insurance Company (CHOICe) today launched an online facility to revive policies. This enables the customers to reinstate a lapsed policy and pay their premium online, thereby, making the complete process convenien
Continue Reading...

Varun
Name04-Mar-2014
Name641
Name
0

(Reuters) - The Bharatiya Janata Party (BJP) will consider raising the cap on foreign investment in the insurance sector from the current level of 26 percent if it comes to power after elections due by May, a senior party leader said on Sunday. Opening up over $45 billion insurance business to great
Continue Reading...

Varun
Name04-Mar-2014
Name725
Name
0

Almost Rs.5,000 crore is lying unclaimed with insurance companies. And it’s only increasing. According to the latest circular on unclaimed amount, issued by the Insurance Regulatory and Development Authority (Irda), life and non-life insurance companies had around Rs.1,372.64 crore o
Continue Reading...

Engg. Ashok Khurana
Name05-Mar-2014
Name783
Name
0

The seventh edition of Indian Premier Leauge is likely to witness a shrink in its insurance cover as the first phase will take place outside India in UAE. Bangladesh too has been kept as stand by option for the second phase depending on the directive from the home ministry. In insuring suc
Continue Reading...

sonali
Name13-Mar-2014
Name746
Name
0

New Delhi: Private insurer ICICI Lombard has come under the scanner of insurance regulator for alleged irregularities involving several crores in implementation of government sponsored insurance schemes meant for poor people. The vigilance department of the Insurance Regulatory and Development Aut
Continue Reading...

CA. Sanjeev Soni
Name20-Mar-2014
Name809
Name
0

MUMBAI: The IRDA, while raising third-party motor insurance, said insurers must be mindful of the concerns expressed by vehicle owners about the rates and availability of insurance since motor TP is a mandatory cover. Further, the regulator warned of serious action if any company tries to deny
Continue Reading...

Engg. Ashok Khurana
Name29-Mar-2014
Name765
Name
0

  MUMBAI: The cost of buying the mandatory third-party (TP) motor insurance will rise from April 1 with the Insurance Regulatory and Development Authority (IRDA) notifying the new rates on Thursday night. The increase is around 20% for small cars and 10% for two-wheelers and vehicle
Continue Reading...

Engg. Ashok Khurana
Name29-Mar-2014
Name862
Name
0

  MUMBAI: SBIBSE 0.95 % General Insurance hopes to maintain its growth momentum of recent years and has set a 60 per cent target in premium growth in the 2014-15 fiscal.  The subsidiary of the country's largest lender SBI had a gross written premium of Rs 770.85 crore in FY13, and ha
Continue Reading...

CA. Sanjeev Soni
Name07-Apr-2014
Name658
Name
0

  The insurance regulator has increased the mandatory third-party motor insurance premium rate for private cars by 20% and for two-wheelers by 10%. The rate for commercial vehicles has also been raised by 10-15% for certain categories, while for certain goods carriers, it has been reduced. The
Continue Reading...

CA. Sanjeev Soni
Name07-Apr-2014
Name960
Name
0

  Digitisation of insurance policies may take some more time to take off on a large scale, with customers not too eager to convert their policies into an electronic format. Insurance industry officials said that at present while all processes have been initia
Continue Reading...

sonali
Name09-Apr-2014
Name756
Name
0

  Insurance companies are in no rush to distribute products through Insurance Marketing Firms (IMFs). While the insurance regulator has brought out draft norms for IMFs and the final norms will be out in the next few months, industry players may take a cautio
Continue Reading...

sonali
Name09-Apr-2014
Name684
Name
0

All life insurance companies may be required to offer insurance policies in a digitised format from July onwards. In a recent meeting with the sector representatives, sources said The Insurance Regulatory and Development Authority (Irda) had asked companies to tie up with all insurance re
Continue Reading...

Engg. Ashok Khurana
Name15-Apr-2014
Name773
Name
0

  The court also awarded an unprecedented Rs 33 lakh to the company in litigation costs. The Bombay High Court has directed Oriental Fire and General Insurance Co to pay close to Rs 5 crore to glass manufacturer Haldyn Glass Ltd, 28 years after the company first made its insurance claim. The
Continue Reading...

Engg Dijo Mathew
Name21-Apr-2014
Name656
Name
0

  Buying a cheaper pure term policy or renewing a motorinsurance policy may not be the only reason to go online. Insurance companies are looking at offering newer products for the web consumers, both on the life and non-life side.   Reliance Life Insurance h
Continue Reading...

Engg Dijo Mathew
Name23-Apr-2014
Name850
Name
0

   Bharti AXA General Insurance (GI) Company Ltd, one of the fastest growing multi-line general insurance companies in India was recently proclaimed the 'Best General Insurance Company' in the private sector by the World HRD Congress at the BFSI Awards 2014. This is yet another in
Continue Reading...

sonali
Name25-Apr-2014
Name882
Name
0

Top of Form Feed Name # Articles Feed Link Business Standard 20 http://feeds.business-standard.com/rss/33.xml India PR Wire 20 http://www.indiaprwire.com/pressrelease/insurance/ India Infol
Continue Reading...

Engg. Ashok Khurana
Name28-Apr-2014
Name943
Name
0

THE Pakistan Reinsurance Company Limited has managed to dodge the chief regulator in its attempts to coax the company into writing insurance policies covering ‘terrorism’. The lack of enthusiasm on the part of the firm, the only reinsurance company in the country, is, however, understan
Continue Reading...

Engg. Ashok Khurana
Name28-Apr-2014
Name745
Name
0

  The recent regulations on insurance aggregators restricting non-insurance businesses is forcing players to rethink their business models. Policybazaar.com, the biggest in the business, has done so by launching a separate non-insurance unit - paisabazaar.com. The Insurance Regulator
Continue Reading...

Engg. Ashok Khurana
Name01-May-2014
Name1050
Name
0

The insurance regulator is set to launch a crackdown on advertisements by insurance companies that show their standing in the industry, with respect to their ranking. The Insurance Regulatory and Development Authority (Irda) has sent notices to companies like New India Assurance to ensure that they
Continue Reading...

sonali
Name03-May-2014
Name783
Name
0

  SILIGURI: Badly hit with lack of rainfall, Indian small tea growers(STG) reiterated their old demand of coverage under Agriculture Crop Insurance schemes. STGs contribute over 30% to the total national tea yield.    "Entire eastern India tea belt is experiencing unprecedented
Continue Reading...

sonali
Name03-May-2014
Name758
Name
0

Should banks sell the policies of all insurance companies instead of the current practice of sticking to one company? The jury is not yet out. The finance ministry is keen on it. The Insurance Regulatory and Development Authority (Irda) is all for it. However, there’s discomfort in the Reserv
Continue Reading...

CA. Sanjeev Soni
Name05-May-2014
Name646
Name
0

  Oriental Insurance ignored policy claim by family of woman who died while on trip abroad A consumer panel has pulled up the Oriental Insurance Company for ignoring a travel policy claim after the person died on a trip abroad. The Additional Mumbai Suburban Consumer Disputes Redressal Forum h
Continue Reading...

CA. Sanjeev Soni
Name05-May-2014
Name535
Name
0

NEW DELHI: Insurance regulator IRDA today prescribed a standard format for life and non-life insurance policy to improve transparency and help people take informed decisions.  "...all the insurers are advised to make available all the policy servicing forms also in languages recognized u
Continue Reading...

Engg. Ashok Khurana
Name06-May-2014
Name566
Name
0

Chidambaram to meet chiefs of PSU banks, insurance cos on May 12-13 In his last meeting as Finance Minister in the UPA II Government, P Chidambaram will hold discussions on various issues with heads of public sector insurance companies and State-owned banks on Monday and Tuesday, respectively. The m
Continue Reading...

Varun
Name12-May-2014
Name572
Name
0

Finance Minister P.Chidambaram Monday suggested the insurance regulator expedite the move towards launching three-year motor third party insurance policy to reduce the number of uninsured vehicles on the road, said an official statement. He also suggested to the Insurance Regulatory and Developmen
Continue Reading...

CA. Sanjeev Soni
Name13-May-2014
Name685
Name
0

  The Finance Ministry is looking at ways in which private insurance companies can be allowed to raise more funds without hiking the foreign direct investment cap in the sector to 49 per cent. "Now we have to look afresh on this (insurance sector) ...whether there could be some other inst
Continue Reading...

Engg. Ashok Khurana
Name31-May-2014
Name553
Name
0

  Shares in insurance companies surged on hopes that the new government may raise foreign direct investment limit in the sector to 49 per cent from 26 per cent, multiple dealers said.  Max IndiaBSE 9.01 % surged 13 per cent, Reliance CapitalBSE 5.22 % advanced 4.6 per cent and Bajaj Fins
Continue Reading...

Engg Dijo Mathew
Name04-Jun-2014
Name643
Name
0
 1 2 3 4 5 6 >  Last ›

User Panel


News

Surveyors Section

Hall Of Fame

Engg Dijo Mathew
1
Engg. Ashok Khurana
2
sonali
3
CA. Sanjeev Soni
4
Varun
5
Naveen
6
seema
7
Yogesh C. Upadhyaya
8