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Manager of health insurance firm booked in Rs 12.5 lakh cheating case
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The manager of a private health insurance TPA company, Pranav Vaidya, has been booked for a case of cheating worth Rs 12.5 lakh.
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Soon, a single insurance product for rural folk
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Soon, there may be a single micro insurance product to offer life, personal accident and theft insurance to people in the rural areas.
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'MFIs charging ‘very high’ rate for microinsurance'
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Microfinance institutions are charging very high service charge on the sale of micro-insurance products, according to the Insurance Regulatory and Development Authority.
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Insurance firms stay ahead of mutual funds & FIs in equity returns in past 3 years
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Unit-holders of domestic insurance firms' equity products have gained more or lost lesser than investors in mutual funds and foreign institutions in the past three years, according to an ET study.
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DG, RSBY suggest Odisha name for National award for its operation process
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The modus operandi of Rastriya Swasthya Bima Yojana in the State of Odisha is really praiseworthy, says Director General of RSBY, Ministry of Labour & Employment, Government of India.
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LIC sees marginal growth in southern districts
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The Life Insurance Corporation of India (LIC) has seen a marginal business growth in the southern districts during the last fiscal. The number of policies issued by its Madurai division rose by 3,140 to touch 3, 80, 030 during 2011-12 from 3,76,890 policies in the preceding fiscal.
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SBI Gen Insurance premium income surges 481% in FY12
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SBI General Insurance posted a 481 per cent jump in premium income to Rs 250 crore in 2011-12. The last fiscal was its first full year of operation.
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Bajaj Finserv-Allianz eyes Quantum buyout
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Bajaj Finserv and its insurance partner Allianz are looking to buy homegrown mutual fund Quantum, highlighting the consolidation trend in the mutual fund industry.
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Hospitals checked for irregularities in insurance scheme
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The special surveillance team visited several private hospitals and nursing homes in the city to investigate the irregularities in Rashtriya Swasthya Bima Yojna (RSBY) on Friday.
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Pension regulator empanels six life insurers for National Pension Scheme
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The Pension Fund Regulatory Development Authority (PFRDA) has empanelled six life insurers for providing annuity services to subscribers of the National Pension Scheme (NPS). The NPS was extended to all citizens from May 1, 2009.
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IFC assisting Meghalaya government for implementation of health insurance plan
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International Finance Corporation (IFC), a member of World Bank is assisting Northeastern state of Meghalaya for implementation of universal health insurance plan.
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Odisha Government asks officials to boost up raising of claims in RSBY
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Boost up the raising of health claims under Rastiya Swasthya Bima Yojana (RSBY) ordered Chief Secretary Bijay Kumar Patnaik while reviewing the progress of the scheme in Secretariat conference hall last evening.
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Tata AIG General launches lifetime health insurance policy
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Tata AIG General Insurance Company today announced the launch of first domestic lifetime renewable reimbursement health insurance policy.
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Tata AIG launches 'MediPrime'
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Tata AIG General Insurance Company has launched "MediPrime", their lifetime renewable reimbursement health insurance policy. Under this facility, a policyholder can enjoy the cashless hospitalisation benefit
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Magma Fincorp a step closer to kick-starting insurance biz
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Kolkata-based Magma Fincorp Ltd is one step closer to getting its general insurance venture operational. After almost three years Magma has got R2 licence from the Insurance Regulatory and Development Authority (IRDA).
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Stress on insurance awareness in coastal areas
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There is an imperative need to create awareness on the need for insurance in cyclone-prone coastal areas such as Visakhapatnam and insurance companies can tap business opportunities
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Religare Health gets R2 licence from IRDA
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Religare Health Insurance Company Ltd has received the R2 licence from the Insurance Regulatory and Development Authority (IRDA).
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Life insurance proposals to contain agent's recommendation on suitability
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All life insurance policy proposals will soon carry an agent's recommendation on the "suitability" of the product for the buyer.
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Trust seeks health insurance for families of domestic helps
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With nearly 150 girls currently registered with the trust, Sister Jemma is geared up to seek cooperation of the state welfare department in getting health insurance and BPL benefits for those girls' families.
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Keep communication in health covers simple: IRDA
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There is a need to make communication in health insurance understandable to policyholders, according to Mr J. Hari Narayana, Chairman, Insurance Regulatory and Development Authority.
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Mitsui to acquire 26% stake in Max New York Life
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Mitsui Sumitomo Insurance Company Ltd, Japan, is acquiring 26 per cent stake in Max New York Life Insurance Company Ltd from New York Life International Holdings Ltd
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LIC can adhere to 10% stake norm at ‘its own pace
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The Life Insurance Corporation of India need not rush to bring down its current stake in various companies to below 10 per cent. “I advise LIC to bring down the stake to below 10 per cent in a company.
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Life insurance sector declines marginally in 2011-12: IRDA
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The life insurance industry has declined only marginally in 2011-12 compared to the year-ago period, according to IRDA.
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Iffco Tokio infuses Rs 125-cr fresh capital
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Private sector general insurer Iffco Tokio has made a fresh capital infusion of Rs 125 crore to fund expansion.
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Cholamandalam MS bags best insurance co award
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Cholamandalam MS General Insurance Company has been awarded the best insurance company for ‘In time Claims Settlement for 2011-12’ under the Rashtriya Swasthya Bima Yojana scheme
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