Insurance industry poised for growth: Report

Last Updated: Monday, August 6, 2012, 23:50

Even as the insurance sector has witnessed a decline due to regulatory changes, industry leaders are optimistic about scope for growth.

Insurance industry need to innovate, simplify products: Study

Last Updated: Sunday, August 5, 2012, 20:09

India's insurance industry needs to innovate, simplify products and build trust amongst the customers through effective distribution claims management in order to ensure growth in the sector, a study said Sunday.

Insurance Ombudsmen may look into mis-selling of policy

Last Updated: Sunday, April 22, 2012, 16:01

In order to promote investor protection, the government is considering to expand the ambit of the insurance Ombudsmen scheme by bringing under its jurisdiction the mis-selling of insurance products.

Urban Indians have low awareness for insurance products: Survey

Last Updated: Tuesday, March 6, 2012, 20:09

Urban Indians are not very aware about insurance products and their investment planning is not aligned with their current needs, according to a survey by private insurer HDFC Life.

Insurance policies may soon be available in demat form

Last Updated: Sunday, February 5, 2012, 13:18

After shares and mutual funds, its now the turn of insurance policies to be digitised, with insurance regulator IRDA expected to give the nod for making policies available in demat form.

Total number of lapsed policies rose to 1.4 cr in FY11:Pranab

Last Updated: Friday, December 9, 2011, 18:19

The total number of insurance policies that lapsed in the public and the private sector rose to 1.40 crore during 2010-11 from 1.23 crore in the previous fiscal, Parliament was informed on Friday.

After FDI in retail, another jolt for govt in FDI in insurance

Last Updated: Thursday, December 8, 2011, 22:21

After the setback on FDI in retail, government was in for another jolt as a Parliamentary Committee has rejected its proposal for raising the foreign investment cap in insurance sector from 26 percent to 49 percent.

SBI Life announces foray into health insurance biz

Last Updated: Monday, September 5, 2011, 15:47

SBI Life Insurance Monday announced a foray into the health insurance segment with the launch of its 'Hospital Cash' plan, which provides a fixed daily allowance to policyholders for each day of hospitalisation.