Bajaj Allianz to launch gender-based pricing of health policy

Last Updated: Friday, August 31, 2012, 10:35

With studies showing positive risk profile of women for non-life insurers, the Pune-based Bajaj Allianz General Insurance Company Ltd. plans to introduce gender based pricing of its health insurance products, said a top company official Thursday.

PSU insurers asked not to charge low premium on fire insurance

Last Updated: Sunday, August 26, 2012, 13:17

In a letter to the CMDs of four state-owned general insurance companies, the ministry said that the insurers are focusing on increasing business even at the cost of incurring losses.

Non-life insurers need to be prudent in underwriting risks: GIC

Last Updated: Saturday, August 18, 2012, 14:51

Indian non-life insurers should be careful while underwriting risks as the non-life insurance market is on a high growth path and needs additional capital to support the business, a top official of General Insurance Corporation of India (GIC) said.

Non-life insurers post 18% growth in May 2012

Last Updated: Thursday, June 28, 2012, 00:08

The Indian non-life insurance sector logged an overall premium growth of 18.27 percent in May 2012 as compared to the same period of 2011, as per figures released by Insurance Regulatory and Development Authority (IRDA) Wednesday.

Insurance employees seeks merger of four PSU firms

Last Updated: Saturday, June 16, 2012, 15:19

A section of insurance employees has demanded that four PSU general insurers -- National Insurance, Oriental Insurance, New India Assurance and United India Insurance -- be merged into one to bring down costs.

Insurers may provide Rs 6,500 cr more for 3rd party motor pool

Last Updated: Wednesday, May 2, 2012, 19:59

Insurers in the third-party (TP) motor segment may have to provision Rs 6,500 crore more to comply with insurance regulator IRDA's directive, a CRISIL report Wednesday said.

'Insurer has to pay 3rd party even if policy premium cheque bounces'

Last Updated: Wednesday, April 18, 2012, 20:53

An insurance firm is bound to pay third party compensation to a road mishap victim even if the policy had been nullified due to bouncing of the vehicle owner's cheque for premium, the Supreme Court has ruled.

IDBI Federal Life launches new plan

Last Updated: Wednesday, March 21, 2012, 21:56

Private insurer IDBI Federal Life launched a plan that offers "attractive guaranteed" return along with tax benefits for those willing to invest for a short to medium term.

Edelweiss Tokio Life launches non-linked Cashflow Protection

Last Updated: Tuesday, March 13, 2012, 23:11

Private insurer Edelweiss Tokio Life Insurance on Tuesday launched Cashflow Protection, a non-linked, participating endowment assurance money back participating plan that enables one to plan for important stages or milestones in life.

Insurers lost over Rs 30k cr due to frauds in 2011: Study

Last Updated: Sunday, March 4, 2012, 11:56

Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed.

Insurers lost over Rs 30k cr due to frauds in 2011: Study

Last Updated: Sunday, March 4, 2012, 11:56

Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed.

Insurers seek IRDA nod for 22 revised pension products

Last Updated: Monday, January 9, 2012, 18:46

Insurance companies have approached the IRDA for review of 22 pension products fearing they may not be conforming to the regulator's guidelines pertaining to assured returns.