Insurance Companies Planning To Tie Up With Payment Banks To Increase Insurance Penetration
To increase Insurance penetration in India Insurance companies are eyeing to tie up with RBI authorised payment banks.
Nov 25, 2015, 18:28 PM IST
United India eyes Rs 11,800 cr premium in 2015-16
Riding on the growth of motor and health insurance segments, public sector United India Insurance has set a target of clocking a total premium of Rs 11,800 crore during the current financial year.?
Nov 18, 2015, 17:11 PM IST
IRDAI to issue corporate governance norms this month
Insurance Regulatory and Development Authority of India (IRDAI) will issue corporate governance norms this month to address issues such as management control of insurance companies among other things
Oct 01, 2015, 16:47 PM IST
New India Assurance to expand biz to Asia, Africa, N America
New India Assurance (NIA), the largest non-life insurer in the country, has charted out its global expansion plans that include areas like Asia, North America and Africa.
Sep 27, 2015, 17:15 PM IST
Pension biz of life insurers plunges 90% to Rs 2k cr in FY15
The pension business of life insurance players is down to a meagre Rs 2,000 crore in 2014-15, from Rs 20,000 crore in 2009-10.
Aug 23, 2015, 15:02 PM IST
Probe against 16 insurers in Rs 2,500-cr CENVAT credit case
Under the CENVAT credit scheme, a manufacturer or a service provider can avail credit of excise duty paid on inputs.
Aug 10, 2015, 22:49 PM IST
Govt plans 'Suraksha Bandhan' drive to push social security
Seeking to tap 'Raksha Bandhan' festival, the government plans to launch a 'Suraksha Bandhan' drive to push its flagship social security plans through innovative schemes like gift cheques and special deposits.
Aug 09, 2015, 14:38 PM IST
Life insurance market clocks 20% growth in first quarter
After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.
Jul 19, 2015, 18:03 PM IST
Low interest rates make saving nearly mission impossible
While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible.
May 17, 2015, 12:23 PM IST
AXA wins India approval to raise stake in Bharti insurance JVs
Europe`s second biggest insurer AXA has won the Indian government`s approval to raise its stake in two local insurance joint ventures with Bharti Enterprises to 49 percent, a government statement showed.
May 06, 2015, 12:19 PM IST
Govt revamps selection norm for non-official directors in PSBs
To ensure efficient management of PSU banks and insurance companies, the government has revamped the procedure for appointment of non-official directors and will invite online applications from candidates.
Apr 01, 2015, 21:15 PM IST
Insurers eye billions of dollars as Par clears Bill
Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 percent.
Mar 12, 2015, 22:38 PM IST
Mediclaims should be settled by insurance co and not TPAs: HC
The Bombay High Court Thursday asked the Insurance Regulatory and Development Authority to ensure that insurance companies did not involve Third Party Administrators (TPA) in the claim settlement.
Mar 05, 2015, 20:54 PM IST
Adopt integrity pact to check graft: CVC tells banks, FIs
The concept of Integrity Pact (IP) envisages an agreement between the prospective vendors or bidders and the buyer committing the persons or officials of both the parties not to exercise any corrupt influence on any aspect of a procurement contract.
Feb 27, 2015, 15:06 PM IST
Up to 26% FDI in insurance allowed via automatic route
The government on Friday said up to 26 percent FDI in insurance companies will be allowed through automatic route, as it notified rules to increase foreign direct investment ceiling in the sector to 49 percent.
Feb 20, 2015, 20:53 PM IST
Insurance regulator mulls no fee for change in nomination
Observing policyholders' right to effect changes in nomination, sectoral regulator IRDA is proposing to do away with the practice of charging fee for such alterations by life insurance companies.
Jan 25, 2015, 11:13 AM IST
Premium for product in lieu of EDLI need not be 0.5% of wages
This directive will facilitate employers to buy group insurance schemes for their workers from insurance companies at a price lower than 0.5 percent of wages as required under EDLI.
Dec 24, 2014, 15:21 PM IST
Govt inches closer to raising foreign investment cap in insurance to 49%
The hike in foreign investment limit is estimated to attract about Rs 25,000 crore of overseas funds in the sector.
Dec 10, 2014, 19:07 PM IST
Insurance stocks rally up to 8% on FDI hope
Stocks of insurance companies surged up to 8.4 percent Wednesday on hopes of hike in foreign direct investment (FDI) limit in the sector.
Dec 03, 2014, 21:38 PM IST
Female PSU insurance staff may get transfers of their choice
Women employees of public sector insurance companies will soon be entitled to get posting at a place of their choice.
Oct 26, 2014, 11:48 AM IST
