Page 15 - Insurance

Two years on, securities tribunal still lukewarm to insurance

Appellate body SAT passes few insurance orders after sector brought under its purview

Non-life insurers' premium income grows over 25% to Rs 9,760 cr in December

Public general insurers last month was Rs 4,984.88 crore up 17% from Rs 4,253.25 crore

Cabinet clears proposal for listing 5 public sector general insurers

The government's holdings in these companies will be brought down to 75% from 100%, Jaitley said

Tipping Point

The hiking of the premium that the insurer does to cover risks is referred to as loading

14-day window only: Transfer insurance immediately when buying old vehicles

If not done within 14 days, the insurer can reject vehicle damage claims arising in the future

Your money: Insurance gets e-commerce boost

Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies

Insurance firms, banks rush to invest in small finance banks

At Ujjivan, insurance companies hold 9.75% stake as on September 30, 201

Of 24 life insurers, only 19 post profits in FY16: IRDAI

The report further said the total net profit of non-life insurance industry dropped to Rs 3,238 crore as against Rs 4,639 crore in 2014-15

Proceeds from policy bought abroad are not taxable

While the Income Tax Act defines 'insurer' as an Indian insurance company, the section dealing with the exemption of maturity proceeds, does not specify any such condition

Guaranteed returns in products could see impact of falling interest rates: Milliman

In a falling interest rate scenario, insurers may lower future bonuses on participating products

Renew lapsed policy faster through self-inspection

Customers must shoot a video of their vehicle through the insurer's mobile app, and in a particular sequence

Total premium of insurance industry to reach Rs 26 trillion by 2020: CII-KPMG report

The report said that the country is yet to traverse the path of insurance distribution through the extensive use of digital channels

Insurers ask ministry for motor third party claim filing

Since losses in motor insurance have continued to rise, non-life insurers sought relief from ministry

Insurance may fall under 12% tax slab in new tax regime

At present, apart from the 14% service tax, Krishi Kalyan cess & Swachh Bharat cess are also applicable, taking the total service tax applicable on insurance products to 15%

Insurers offer need-based policy

Insurers using data analytics to identify client profiles and behaviours, to cross sell and identify more products

Insurers play the fitness card

ICICI Lombard and Cigna TTK tap into the growing desire for wellness among consumers as they look to build brand loyalty

Ensure safety of policies with e-account

While your insurer will help you open an e-insurance account at the time of buying a policy, existing policyholders must do so themselves

Insurers turn wary of Indian equities

In August, insurers sold stocks worth about $1 billion, while MFs purchased stocks worth $284 million

Insurers to file compliance to investment norms from March 2017

Circulars and guidelines issued prior to notification of 2016 regulations, are based on the Insurance Act, 1938

Pvt life insurance companies register 13% growth in APE in July

According to a report by Kotak Institutional Equities, Bajaj Life Insurance, ICICI Prudential Life and SBI Life have delivered more than 10% growth