-
EXPECT 15-20 PERCENT NEW BUSINESS PREMIUM GROWTH THIS FISCAL
EXPECT 15-20 PERCENT NEW BUSINESS PREMIUM GROWTH THIS FISCAL Nandini Goswami, DNA
The life insurance industry is bracing up for challenges over the next one year amidst talks of a possible hike in the foreign direct investment cap, a slowly revivin...
-
CONSUMERS MAY GET A SAY IN MEDICLAIM SETTLEMENTS
CONSUMERS MAY GET A SAY IN MEDICLAIM SETTLEMENTS Manish Basu, Kolkata, The Hindu Business Line
Kolkata, June 30 Consumer representatives may get a say in claims settlement for mediclaim policies if the recommendations of the Third Party Administrat...
-
IFRS NORMS TO SEGREGATE INSURANCE PRODUCTS
IFRS NORMS TO SEGREGATE INSURANCE PRODUCTS Kolkata DNA
Kolkata: Insurance companies, which will have to comply with the International Financial Reporting Standards (IFRS) in line with other companies from 2011, will feel a significant impact on thei...
-
FIRST-YEAR PREMIUM COLLECTIONS RISE 40 PERCENT
FIRST-YEAR PREMIUM COLLECTIONS RISE 40 PERCENT Chennai The Times of India (Chennai edition)
The 22-member life insurance company league collected nearly Rs 5,053 crore as first year premium in May, a 40 percent growth over Rs 3,602 crore garnered in...
-
CONCESSIONS, PLEASE
CONCESSIONS, PLEASE Suneeti Ahuja, June 29, 2009 The Indian Express
Many issues confront the Finance Minister as he prepares his Budget proposals. Does the economy need more fiscal stimulus in the form of higher infrastructure spending? Should the e...
-
MFS MORE ATTRACTIVE
MFS MORE ATTRACTIVE New Delhi, June 29, 2009 Hindustan Times
Mutual Funds have turned more attractive after the Securities and Exchange Board of India (SEBI) abolished the entry load of upto 2.25 percent on all mutual fund investments that earlier g...
-
INSURANCE INDUSTRY HOPEFUL THAT THE BUDGET '09 WOULD RESOLVE THE MAZE
INSURANCE INDUSTRY HOPEFUL THAT THE BUDGET '09 WOULD RESOLVE THE MAZE Anish Thacker & Prakash Shah The Economic Times
Until 2001, insurance was a nationalized activity; the domain of the Government owned insurance companies. Hence, the tax law f...
-
LIFE INSURERS' FRESH PREMIUM COLLECTIONS DECLINE IN MAY
LIFE INSURERS' FRESH PREMIUM COLLECTIONS DECLINE IN MAY Mumbai The Hindu Business Line
The life insurance industry posted a negative year-on-year growth of 5 percent in May with most private players reporting a significant dip in fresh business prem...
-
IRDA WEIGHS CUT IN ULIP CHARGES BY 500 BPS
IRDA WEIGHS CUT IN ULIP CHARGES BY 500 BPS Hema Ramakrishnan, Hyderabad The Economic Times
Unit-linked insurance plans (ULIPs), one of the hottest products in a bull run, could become more attractive for retail investors. Insurance Regulatory and De...
-
INSURERS WANT EXEMPTION LIMIT RAISED TO RS 1.5 LAKH
INSURERS WANT EXEMPTION LIMIT RAISED TO RS 1.5 LAKH Mumbai, Business Standard
Life insurers are pitching for increased exemption on investments in long-term policies. They have asked the government to consider raising the exemption limit to around ...
-
IRDA PREPARES ROADMAP FOR COMPLIANCE WITH IFRS
IRDA PREPARES ROADMAP FOR COMPLIANCE WITH IFRS Mumbai, Business Standard | The Hindu Business Line
In what would bring volatiliy in revenue costs and perhaps change the financial books of insurance companies, the Insurance Regulatory and Developmen...
-
RENEWAL PREMIUM COLLECTION FROM ULIPS DOUBLES LAST FISCAL
RENEWAL PREMIUM COLLECTION FROM ULIPS DOUBLES LAST FISCAL New Delhi, The Hindu Business Line
New Delhi, June 24 Renewal premium collection from unit-linked insurance policies (ULIPs) has almost doubled to Rs 46,239 crore for the fiscal ended March ...
-
ULIP CHARGES MAY HAVE STANDARD NOMENCLATURE
ULIP CHARGES MAY HAVE STANDARD NOMENCLATURE New Delhi, The Economic Time (Bangalore edition)
Insurance companies will look at standardising the nomenclature for various charges on unit-linked insurance policies (Ulips) and method for calculating pr...
-
INSURANCE INDUSTRY DEFENDS ITSELF ON HIGH COMMISSIONS
INSURANCE INDUSTRY DEFENDS ITSELF ON HIGH COMMISSIONS New Delhi, Hindustan Times (Delhi edition)
Already on the back foot for high costs, insurance firms have said they are loaded with high capital requirements. Speaking at a round-table discussion...
-
ULIPS TO BE SIMPLIFIED, STANDARDISED
ULIPS TO BE SIMPLIFIED, STANDARDISED Falaknaaz Syed, New Delhi, Hindustan Times (Delhi edition)
After a long delay, the controversial Unit Linked Insurance Plans (Ulips) known for their complex charge structures, names and Jargon, are set to come u...
-
ZERO-ENTRY LOAD IN ULIPS UNLIKELY
ZERO-ENTRY LOAD IN ULIPS UNLIKEL Mumbai, The Economic Times
The decision by market regulator Sebi to allow investors get into mutual funds (MFs) with variable entry charges has put the spotlight on the life insurance industry. For years, fund man...
-
IRDA PROPOSES MANDATORY LIFE, NON-LIFE TIE-UP
IRDA PROPOSES MANDATORY LIFE, NON-LIFE TIE-UP Mumbai, Business Standard
The Insurance Regulatory and Development Authority (Irda) proposes to make a tie-up between a life insurance and a general or health insurance company mandatory for any policy ...
-
IRDA LISTS DISCLOSURE NORMS FOR INSURERS GOING PUBLIC
IRDA LISTS DISCLOSURE NORMS FOR INSURERS GOING PUBLIC Hema Ramakrishnan, Hyderabad, June 22, 2009, The Economic Times
HYDERABAD: Insurance companies that are planning to launch initial public offerings (IPO) to raise capital will have to disclose t...
-
PRESSURE ON INSURANCE REGULATOR
PRESSURE ON INSURANCE REGULATOR Sandeep Singh, New Delhi, June 22, 2009, Hindustan Times
The Securities and Exchange Board of India's (SEBI) move to abolish entry load from all mutual fund schemes might just be the tipping point for the insurance s...
-
LIFE INSURERS SELLING MORE ULIPS MAY HAVE TO INFUSE EXTRA CAPITAL
LIFE INSURERS SELLING MORE ULIPS MAY HAVE TO INFUSE EXTRA CAPITAL Manish Basu, Kolkata, The Hindu Business Line
Life insurance companies that sell more of unit linked insurance policies (ULIPs) may soon have to infuse additional capital to meet so...