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LIFE INSURANCE INDUSTRY TARGETING RURAL SECTOR
LIFE INSURANCE INDUSTRY TARGETING RURAL SECTOR Arti B Rau, Bangalore, Deccan Herald
Life insurance companies are increasingly targeting the rural segments to increase business as for the first time since the privatisation of the industry in the yea...
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TAXING TIMES
TAXING TIMES Nandini Goswami, Kolkata, DNA
Insurance at present is one of the most conspicuous sectors in the financial space with almost 45 companies operating in India. A host of newer players are lining up for entry and plenty of action is expe...
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LIFE INSURANCE SECTOR WANTS I-T INCENTIVE BACK
LIFE INSURANCE SECTOR WANTS I-T INCENTIVE BACK Dilip Maitra, Bangalore, Deccan Herald
Country's life insurance industry wants the finance minister to bring the premium paid for life insurance policies under special tax exemption category. In a pre...
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UNIFORM METHOD SOON TO COMPUTE ULIP FEES
UNIFORM METHOD SOON TO COMPUTE ULIP FEES Teena Jain, New Delhi, Mint
The Life Insurance Council has proposed six types of charges and suggested a standard method of calculation Ulips provide life cover and invest part of the premium in stocks and...
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BEYOND THE NUMBERS GAME
BEYOND THE NUMBERS GAME Mayur Shetty, The Economic Times
The number of individuals who have taken the examination conducted by the Insurance Institute of India to qualify as agents has crossed 78 lakh. This number exceeds the population of countrie...
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NEW TABLE FOR MORTALITY RATES TO BE FINALISED SOON
NEW TABLE FOR MORTALITY RATES TO BE FINALISED SOON Manish Basu, Kolkata, The Hindu Business Line
Framework
Will be an improvement over the existing table as it will be based on latest mortality and claim experience of different life insurer...
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IRDA TO INTRODUCE UNIFORM VALUATION NORMS FOR INSURERS
IRDA TO INTRODUCE UNIFORM VALUATION NORMS FOR INSURERS Kolkata The Economic Times | DNA | Financial Chronicle | Deccan Herald | Business Standard | Mail Today | The Financial Express
Insurance regulator Irda would make valuation of companie...
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IRDA PLANS TO CAP SALARIES OF INSURANCE FIRM'S CEOS
IRDA PLANS TO CAP SALARIES OF INSURANCE FIRM'S CEOS Kolkata The Economic Times | The Indian Express | The Statesman
Insurance regulator IRDA on Wednesday said it is considering to cap the salaries of chief executives of the insurance companies s...
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A WEBSITE TO TRACK INSURANCE AGENTS NOW IN THE PIPELINE
A WEBSITE TO TRACK INSURANCE AGENTS NOW IN THE PIPELINE Teena Jain, New Delhi, Mint
To help policyholders track their life insurance agents throughout the tenure of their policy, the insurance regulator is developing a website that will hold key de...
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RISING LIFE EXPECTANCY TO HELP LOWER INSURANCE PREMIUM
RISING LIFE EXPECTANCY TO HELP LOWER INSURANCE PREMIUM Shilpy Sinha, Mumbai, Business Standard
New mortality table to be finalised by Oct. Life insurance premium rates are likely to drop over the next few months owing to longer life expectancy, wi...
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GOOD TIME TO INVEST IN ULIPS
GOOD TIME TO INVEST IN ULIPS Lisa Mary Thomson, The Economic Times
It's often hard to take a decision, especially when it includes forking out large sums of money towards investing in a market, which could take a downward turn any day. After all, y...
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LIFE INSURERS GETTING READY FOR MORE FDI
LIFE INSURERS GETTING READY FOR MORE FDI Falaknaaz Syed, Hindustan Times
A day after the government announced its intent on allowing foreign direct investment (FDI) in insurance, the industry is upbeat. All companies with a foreign partner, whose s...
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INSURERS IN THE RED CAN DECLARE BONUS
INSURERS IN THE RED CAN DECLARE BONUS Falaknaaz Syed, New Delhi, Hindustan Times (Delhi edition)
Life insurance policyholders with participating traditional insurance policies have a reason to smile. Life insurance companies that continue to reel u...
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PRIVATE INSURERS TOLD TO FOLLOW CORPORATE GOVERNANCE NORMS APPLICABLE
PRIVATE INSURERS TOLD TO FOLLOW CORPORATE GOVERNANCE NORMS APPLICABLE TO LISTED ENTITIES Mumbai, The Hindu Business Line
The Insurance Regulatory and Development Authority has issued comprehensive corporate governance guidelines for insurance co...
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LIFE INSURANCE PREMIUM COLLECTIONS UP 8 PERCENT
LIFE INSURANCE PREMIUM COLLECTIONS UP 8 PERCENT Suneeti Ahuja, New Delhi, The Indian Express
The life insurance industry has started the financial year on a positive note and registered a growth of 8 percent in the first year business premium coll...
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PRIVATE LIFE INSURERS PLAN RS 3,000 CRORE CASH INFUSION
PRIVATE LIFE INSURERS PLAN RS 3,000 CRORE CASH INFUSION Sneha Shah, Mumbai, Financial Chronicle
Life insurers, which saw negative growth last year, have drawn up major capital infusion plans. More than Rs 3,000 crore of capital is waiting to be i...
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LIC SEEKS TAX RATIONALISATION
LIC SEEKS TAX RATIONALISATION Mumbai, The Financial Express
Life Insurance Council (LIC), the official trade body of the domestic life insurers has expressed concern over the high level of taxation for the industry. The life insurance industry con...
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REFORMS TO BREATHE LIFE INTO INSURANCE
REFORMS TO BREATHE LIFE INTO INSURANCE Mayur Shetty, The Economic Times
Over Rs 10,000 crore of foreign capital could flow into the country if the government were to pass the Insurance Amendment Bill that raises the FDI limit in the sector from ...
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INSURANCE BILL TO EASE FUND INFLOWS, SAYS IRDA
INSURANCE BILL TO EASE FUND INFLOWS, SAYS IRDA Debjoy Sengupta, Kolkata, The Economic Times (Kolkata edition)
With a far stronger UPA about to assume the reins in Delhi, die-hard opponents of the Insurance Bill may be more muted in their protests ...
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INSURERS BANK ON ULIPS GETTING A NEW LEASE OF LIFE
INSURERS BANK ON ULIPS GETTING A NEW LEASE OF LIFE Mumbai, The Economic Times
Life insurance companies, which suffered a reversal in fortune in the second half of FY09, expect the current rally to revive demand for ULIPs — till recently on...