Life insurance companies are busy launching new versions of unit-linked insurance plans (Ulips) that will meet the new guidelines laid out by the Insurance Regulatory and Development Authority (Irda) of India.  SBI Life Insurance, a l ..

 By packaging rates and stabilising costs, insurers expect to cut expenses. Private non-life insurance companies are likely to implement the packaged rates prescribed by their public sector counterparts for cashless mediclaim. “P ..

After a spate of reforms in Unit-Linked Insurance Plans (ULIPs), the Insurance Regulatory and Development Authority (IRDA) wants to streamline reinsurance segment. “Our focus is now on reinsurance. Some measures are likely to be announced  ..

 NDTV Profit, a leading English business television channel, has selected United India Insurance as the best in Non-life Insurance Category for their Business Leadership Awards 2010. Mr G. Srinivasan, Chairman and Managing Director, of the  ..

 Insurance watchdog IRDA will set up a centralised grievance redressal mechanism to ensure that the problems of customers in the life and non-life sectors are addressed in a time-bound manner.  "The Authority is in the process of  ..

 Future Generali India Life Insurance Company Ltd, a joint venture between Future Group and the Italy-based Generali Group, would roll out seven new products by March 2011. These products would be a mix of traditional insurance products and Unit ..

 Insurance brokerage firm Marsh India, a subsidiary of US-based Marsh Inc, on Friday launched a specialist contamination insurance product for water utilities for strengthening their resilience to risks in the wake of tightening regulatory frame ..

Private insurer Aviva Life Insurance on Friday launched three new products, including two unit-linked insurance plans (ULIPs).  "... The two ULIP plans -- Aviva Freedom Life Advantage, Aviva Life Saver Advantage -- offer enhanced value ..

   Insurance behemoth Life Insurance Corporation on Wenesday called upon the industry to invest heavily in training their agents if it wants to grow more profitably.  Pointing out that the biggest challenge to faster growth i ..

 From April 2012, when the new tax system will come into effect, insurance policies will no longer help you save tax. Only term insurance, where survival amount is nil, will help you save tax without incurring much loss.  So, the benef ..

For one, insurers will have to offer a minimum prescribed return. Starting Wednesday, policyholders will get a much fairer deal if they invest in unit-linked insurance plans (Ulips). The new rules of the Insurance Regulatory and Development ..

 American International Group (AIG) Inc’s planned $2.15 billion sale of its Taiwan life insurance unit was blocked by local regulators, setting back the US insurer’s effort to repay its $182.3 billion government bailout. A group ..

 Life insurers may have to postpone their public listing plans and take longer to break even than originally anticipated, as a result of the new unit-linked insurance policy norms which take effect from Wednesday. “Valuations are like ..

Anil Dhirubhai Ambani Group company Reliance Life Insurance has been awarded a high rating in customer satisfaction for the third year in a row, according to a survey.  "Reliance Life Insurance Company, part of Reliance Capital, has be ..

The health insurance policy holders with cashless treatment facility may look towards better service from their insurers. Insurers will now have to inform their policy-holders about changes (if, any) in their Preferred Provider Network (PPN) of  ..

  ING Life India, part of ING group today launched their new non linked and non participative child plan ‘ING Aashirvad’, which helps parents plan for their child’s future milestone. Ajay Kapoor, regional vice-preside ..

 Last week, Tata AIG General Insurance launched a jewellery and valuables insurance cover for high net worth individuals — a first of its kind. While both public and private general insurance companies have jewellery insurance covers, they ..

 The brouhaha over withdrawal of cashless mediclaim in some hospitals by four public sector general insurers has forced many policyholders to opt for making reimbursement claims for expenses incurred during their hospitalisation.  Whil ..

 In a bid to clean up their loss-making health portfolios, the four public sector general insurers — New India Assurance, National Insurance, Oriental Insurance and United India Insurance — have agreed not to undercut each other in g ..

 The Insurance Regulatory and Development Authority (Irda) has asked insurers to issue show cause notices to and abstain from doing any business with 884 corporate agents who had not registered their PAN (permanent account number) with the agenc ..