Last Updated: Sunday, April 5, 2015, 15:34
To roll out three new social security schemes announced in the Budget, the government has asked banks and insurers to develop a common infotech module by June.
Last Updated: Monday, March 30, 2015, 18:17
Catamaran helps employers and health insurers obtain prescription drugs at a lower rate from pharmaceutical groups and pharmacists, and is known as a pharmacy-benefit management company.
Last Updated: Thursday, January 8, 2015, 13:11
The increase in foreign direct investment (FDI) limit by 23 percent to 49 percent is expected to alleviate the capital pressure on Indian private non-life insurers, global credit rating agency Moody`s Investor Service (MIS) said Thursday.
Last Updated: Sunday, January 4, 2015, 16:43
Under the newly promulgated Ordinance, insurers cannot appoint any "principal agent, chief agent and special agent", neither they can transact any insurance business through them.
Last Updated: Friday, December 19, 2014, 20:37
It would encourage long-term savings and help incremental flows come into life insurance sector, LIC said in a pre-budget memorandum submitted to Finance Ministry last week.
Last Updated: Thursday, January 2, 2014, 19:08
Meanwhile, market share of private sector insurers rose to 44.39 percent during the reporting period from 42.20 percent in FY12, the report said.
Last Updated: Sunday, December 1, 2013, 12:00
Though public sector general insurers are better capitalised to fund their future growth, industry officials feel adequate premium pricing and right reinsurance cover will enable the industry to chug ahead.
Last Updated: Wednesday, July 10, 2013, 16:08
Insurance regulator IRDA on Wednesday indicated favouring banks to sell products of multiple insurance companies as the move would help deepen insurance penetration in the country.
Last Updated: Sunday, March 31, 2013, 16:14
Total premium collected during the April-February period of 2012-13 fiscal by the industry stood at Rs 84,501.75 crore, down 6.12 percent over the same period previous year.
Last Updated: Wednesday, February 20, 2013, 16:18
The size of funds managed by insurers in the country is expected to reach a whopping level of Rs 30 lakh crore in the next five years, marking a 70 percent jump from current level, outgoing insurance regulator J Hari Narayan said on Wednesday.
Last Updated: Wednesday, January 23, 2013, 16:22
This forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications, it said.
Last Updated: Friday, January 18, 2013, 18:21
Non-life insurers are unlikely to hit the capital market to raise resources and are expected to wait for a year or two because of weak financials, a top official of an insurance company said on Friday.
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