Air India gets 20% discount on annual insurance premium

Last Updated: Thursday, September 10, 2015, 22:36

Debt-ridden Air India has got a 20 percent discount on insurance premium while renewing its annual policy starting October, a senior official said Thursday.

Life insurance premiums jump 24% in April-May

Last Updated: Friday, July 10, 2015, 20:19

LIC made a smart recovery with a 21 per cent growth in total premium mop-up at Rs 9,384 crore in the said period. The Corporation's business stood at Rs 7,757 crore in the year-ago period.

LIC improves its performance, still loses market share in Apr

Last Updated: Sunday, June 14, 2015, 13:34

Overall, FY15 was not a productive year for the entire industry as total premium income plummeted by 6 percent to Rs 1,13,140 crore in FY15 from Rs 1,20,162 crore in FY14.

Insurers deplore modest hike in 3rd party insurance premium

Last Updated: Wednesday, April 1, 2015, 22:08

Disappointed by moderate hike allowed by the regulator IRDAI in third party motor premium, effective from today, general insurers may hike premiums in other classes of business to compensate for it.

Third-party motor insurance premiums to go up from today

Last Updated: Wednesday, April 1, 2015, 00:07

The premiums are being revised after a gap of three years.

Third-party motor cover has industry in tizzy

Last Updated: Sunday, February 8, 2015, 21:35

Following the Insurance Ordinance, the regulator Irda has clarified that each general insurer has to ensure that third-party cover is made available to the insured in proportion of its market share.

Premium growth slows to 9% in Oct, Nov as auto sales fall

Last Updated: Sunday, December 14, 2014, 12:31

After clipping at 12-13 percent growth in the first half, the incremental premium income of the Rs 80,000-crore general insurance industry has plunged to single-digits in both October and November due to sharp fall in motor insurance premium, say industry experts.

Property, fire insurance premium set to rise from next year

Last Updated: Monday, December 1, 2014, 22:40

After hardening of premium under group health insurance three months ago, property and fire segments are also set to witness increase in premium rates from the next calendar year.

Insurance premium income to grow at faster rate in FY14-18'

Last Updated: Tuesday, December 17, 2013, 00:39

Improving demographic drivers and supporting regulatory environment is likely to result in faster growth of premium income of insurance industry during FY14-18 as against in the last five fiscals, according to Care Ratings.

Health insurance premium may cross Rs 32K cr by 2016-17: Study

Last Updated: Sunday, December 8, 2013, 12:46

While the public sector insurance companies garner maximum share of health insurance premium to the tune of 61.5 percent in India, private health insurers account for just 38.5 percent, it said.

'Better pricing, reinsurance key to general insurance growth'

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.

Chip in car bonnet to determine insurance premium

Last Updated: Friday, June 14, 2013, 23:26

"An electronic chip costing around Rs.800 will be installed in a car. The telematics will tell the manner in which the car was used - average speed at which it is driven, roads travelled and other data. This will give us data to decide on the premium that needs to be charged," Roopam Asthana, CEO and director at Liberty Videocon General Insurance, told reporters here Friday.