Global body pitches for hike in FDI cap in insurance

Last Updated: Wednesday, March 6, 2013, 17:36

Pitching for higher FDI limit in India's insurance sector to 49 percent, a global body of insurers has said the hike will generate more jobs and enhance the country's standing in global financial markets.

'India needs a flexible credit insurance for SME prosperity'

Last Updated: Monday, March 4, 2013, 12:37

Trade credit insurance has proved to be an enabler of trade according to studies conducted by WTO as well as the Centre for European Policy Studies.

Budget proposals will help widen distribution reach: Insurers

Last Updated: Friday, March 1, 2013, 19:00

"Insurance broking is a specialised business and may require banks to develop additional skills. This move by the government will allow insurers to take advantage of the banks' distribution network," Tata AIG General Insurance CFO and Senior Vice-president-Finance Miranjit Mukherjee said.

IRDA slaps Rs 50 lakh fine on SKS Microfinance

Last Updated: Wednesday, February 20, 2013, 22:15

Insurance regulator IRDA Wednesday imposed Rs 50 lakh penalty on SKS Microfinance which collected extra funds, apart from the premium, as a corporate insurance agent without proper disclosure to policy-holders.

IRDA introduces File and Use procedure for life products

Last Updated: Tuesday, February 19, 2013, 22:03

To fast-track the approval mechanism, insurance sector regulator IRDA re-introduced the process of automatic clearance to life insurance products.

United India Insurance to focus on retail segment for growth

Last Updated: Sunday, February 17, 2013, 13:39

Increased emphasis on retail segment along with focus on containing underwriting losses will be the key driver for profitable growth going ahead for the public sector general insurer United India Insurance, a top company official has said.

Don't mis-sell insurance: Chidambaram tells insurers

Last Updated: Monday, February 4, 2013, 23:31

"In my view, the reason why insurance is stumbling in India is because of mis-selling of products and complex products.

Guidelines for traditional life insurance products soon: IRDA

Last Updated: Monday, February 4, 2013, 16:54

He said the insurance advisory committee had considered the guidelines in its last meeting and the same is expected to be placed before the IRDA.

Reliance Life Insurance launches super endowment plan

Last Updated: Thursday, January 24, 2013, 16:01

Reliance Life Insurance, a part of Reliance Capital, Thursday announced a new plan that offers guaranteed life cover and maturity benefits.

IRDA suggests strict norms to prevent insurance sector frauds

Last Updated: Wednesday, January 23, 2013, 17:01

In its 'Insurance Fraud Monitoring Framework', Insurance Regulatory and Development Authority (IRDA) has asked insurers to lay down procedures for monitoring and early detection of frauds.

Insurance firms lingering on settling claims: Consumer forum

Last Updated: Sunday, January 20, 2013, 10:07

Insurance firms are lingering on settlement of claims and using the money legally entitled to the insured for as long as they can, amounting to unfair trade practices, a consumer forum has held.

Insurance Bill: Sinha hints at support if govt reaches out

Last Updated: Thursday, January 17, 2013, 23:31

The Chairman of Parliamentary Standing Committee on Finance and senior BJP leader, Yashwant Sinha, Thursday hinted at supporting the Insurance bill, saying it depends on how the government reaches out to the Opposition.