Last Updated: Friday, March 29, 2013, 12:20
The general insurance industry on Friday termed the decision of the sectoral regulator to increase the motor insurance premium as a step in right direction, but too low to cover losses in this segment.
Last Updated: Tuesday, March 26, 2013, 21:12
Motor insurance premium will be costly by up to 20% from Apr 1 in view of rising inflation and the history of claim settlement.
Last Updated: Saturday, February 16, 2013, 21:15
Motor Insurance premium is set to become more expensive, with IRDA proposing up to up a two- fold hike in rates from April 1 in view of rising inflation and the history of claim settlement.
Last Updated: Monday, December 24, 2012, 16:35
SBI General Insurance has garnered premium of Rs 425.47 crore in the first eight months (April-November) of the ongoing financial year, a rise of 219 percent over the same period in the previous fiscal.
Last Updated: Monday, December 10, 2012, 17:58
Insurance regulator IRDA on Monday said raising investment limit for insurance companies to 30 percent would be "imprudent" and insurers should be conservative in their approach, not as aggressive as venture capitalists.
Last Updated: Friday, November 23, 2012, 16:23
Tata AIA and Reliance Life witnessed steepest decline in the collection of life insurance premium during the six-month period ending September 2012, Parliament was informed on Friday.
Last Updated: Thursday, November 8, 2012, 15:37
Public sector United India Insurance would cross the Rs 10,000 crore premium mark by the end of this financial year, a growth rate of 26 percent, a top company official said on Thursday.
Last Updated: Wednesday, October 31, 2012, 20:51
The total premium collections of the life insurance industry in the country have gone down by 4.2 percent in the first six months of the current fiscal to Rs 46,963 crore.
Last Updated: Sunday, September 30, 2012, 11:14
Non-life insurance companies reported a 18 percent growth in premium collections in the April-August period, reflecting an upturn in business environment.
Last Updated: Thursday, July 12, 2012, 16:20
The total new business premium collected by the industry for FY 2011-12 declined by 9.5 percent at Rs 1,13,678 crore from to Rs 1,25,618 crore last year.
Last Updated: Wednesday, June 27, 2012, 16:21
First year premium of the life insurance companies rose by a marginal 1.4 percent year during the first two months of the current financial year, according to data released by the Insurance Regulatory and Development Authority (IRDA).
Last Updated: Friday, May 25, 2012, 18:37
The ministry also called for an increase in premiums in cases where claim ratio is 100 per cent.
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