Page 16 - Insurance

Policy sales through CSCs still low

Insurers say mere collection and remittance of premium itself costs more money than allowed by the regulator

After new norms, FDI flow at Rs 16k cr: Irdai chief

This, after the FDI limit has been raised to 49% from existing 26%

Getting emotional about investments will hurt

Many smart investors are unable to admit that their investment decisions may have gone wrong

An insurance pool to cover natural disasters?

Losses likely to be high this financial year, due to a spate of floods across north and east India

Train passengers to avail insurance cover for premium of Re 1

The scheme offers travellers or their families compensation of up to Rs 10 lakh in the event of death or permanent total disability

Insuring consumer trust with tech

With increased digitisation and new tools, insurance companies are assessing markets in greater depth while placing the customer at the centre

Insurance intermediaries join the brand game

With smartly targeted marketing campaigns Coverfox, Policybazaar look to win customers over

Private players struggle to catch up with LIC in group business

A conservative investment approach and stranglehold on public sector business have allowed the state giant to stay far ahead in this segment

Insurers use analytics to detect fraud, cross-sell products

Data from life insurers show there is at least a 20 per cent rise year-on-year in fraudulent claims, including claims in the name of people who do not exist

Treatment at home can be 20-30% cheaper

However, insurance might not be available in all cases

Combi plans for those with no cover

Life-cum-health plans don't allow customisation. Separate term, health plans can provide higher coverage

Insurance repositories may see muted business in initial phases of digitisation

This is because insurers aren't required to tie-up with them to issue e-policies

Action picks up in insurance sector

Foreign investment; mergers and acquisitions (M&As), and the listing of companies likely to drive growth in sector, say experts

Insurance consolidation

Too many small players help nobody

E-insurance mandatory for Rs 10,000 or above annual premium in life insurance: Irdai

New norms from October 1; sales to be made using e-proposal form similar to physical form approved by regulator

Insurers use non-traditional means to engage customers, employees

SBI Life is trying to bring out the basic concept of father protecting his child from the uncertainties of life

Consolidation era set to begin in insurance sector

Insurance sector currently has 24 life insurance companies and 29 general insurance companies

Panel set up on risk-based capital norms in insurance

Insurers say India isn't ready from an accounting perspective for solvency these norms, which are to insurers, what Basel-III is to banks

IRDAI to meet to accord approval to foreign reinsurers

Regulator has received six applications by foreign reinsurance majors for permit of direct business

Industry lauds insurance e-commerce draft policy

A number of insurance companies are now examining the e-commerce selling and servicing front