Ten life insurance funds beat Nifty with higher returns

Last Updated: Thursday, April 4, 2013, 16:35

Amid turbulent times in the stock market, at least ten funds managed by the life insurers have given better returns than the stock market benchmark index with gains of as high as 12.4 percent in the last fiscal.

Canada's Manulife eyes Indian insurance market

Last Updated: Wednesday, April 3, 2013, 16:32

Indian insurance sector may see the entry of a new foreign player, as Canada's largest insurer Manulife Financial is actively studying this market to find a workable business model to set up shop here.

IRDA to cos: File product planner to expedite approval process

Last Updated: Monday, April 1, 2013, 20:51

IRDA Monday asked insurers to mandatorily file a product planner in a prescribed format at least 45 days before the beginning of every financial year with a view to reduce the timelines for giving approvals to insurance products.

India may stop importing Iran oil after insurers back out

Last Updated: Friday, March 8, 2013, 17:52

Indian refiners may soon be forced to stop importing crude oil from Iran after insurance companies said refineries processing oil from the Persian Gulf nation will no longer be covered.

IRDA tweaks investment norms for insurance companies

Last Updated: Thursday, March 7, 2013, 22:45

Irda Thursday tweaked norms for insurance companies to invest their funds in different market instruments like government securities and corporate debt to channelise long term savings in infrastructure sector.

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.

Raising investment limit for insurers would be imprudent: IRDA

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.

India tops global life insurance density rankings: WEF

Last Updated: Sunday, November 4, 2012, 13:39

Life insurance density is measured in terms of ratio of direct domestic premiums for life insurance to per capita GDP of a country.

Insurance shares log smart gains on hopes of hike in FDI cap

Last Updated: Thursday, October 4, 2012, 12:30

Shares of companies engaged in the insurance business including Aditya Birla Nuvo, Bajaj Finserv and Reliance Capital Thursday settled with gains in the range of 2-4.5 percent in anticipation of the government raising the FDI cap to 49 percent from the present 26 percent.

IRDA working on 10 standard insurance products

Last Updated: Wednesday, October 3, 2012, 18:10

Sector regulator IRDA on Wednesday said it will develop 10 standard products in consultation with industry bodies which can be launched by the insurance companies without seeking regulatory nod.

IRDA to bar arbitrary hike in renewal premium on health policy

Last Updated: Wednesday, October 3, 2012, 16:10

Insurance regulator IRDA will soon come out with guidelines to prevent insurance companies from arbitrarily hiking renewal premiums on health policies under which benefits had been claimed previously.

Final IPO norms for non-life insurers in next 2 weeks: IRDA

Last Updated: Wednesday, October 3, 2012, 14:59

Insurance Regulatory and Development Authority (Irda) on Wednesday said it is likely to issue final IPO guidelines for general insurance companies in the next two weeks.