Archive for June 11, 2013
Which are the major health insurance companies in India
The IRDA (Insurance Regulatory Development Authority has recognized the following companies in India)
The major health insurance companies in India are the
- National Insurance Company
- New India Assurance
- New India Assurance
- United India Insurance
- ICICI Lombard
- Tata AIG
- Royal Sundaram
- Star Allied Health Insurance
- Cholamandalam DBS
- Bajaj Allianz Apollo
Irda’s exemptions to Max Bupa, SBI
NSURANCE regulator Irda has exempted SBI General Insurance and Max Bupa from following its guidelines capping management expenses at 23 per cent of gross premium collections during their first five years in business…
FUND LINE New regulations to aid investors in debt-oriented MFs
THERE are different types of mutual fund (MF) offerings in the market and the working of these schemes are governed by the guidelines specified by the market regulator. While there has been quite a few changes related to equity-oriented funds that have attracted investors’ attention, it is also time to look at some of the regulations that will impact debt-oriented mutual funds, especially interval funds…
IRDA cracks the VIP
The universe of freedom for insurance companies just shrank a little. Exactly a month after imposing a temporary ban on universal life products, the Insurance Regulatory Development Authority (Irda) has announced guidelines to regulate them. Often confused with unit-linked insurance products (Ulips) by investors, the universal plans had gained notoriety for being high on agent commission and low on transparency, features they shared with Ulips…
Health insurance grows 42% in H1
Aided by government health schemes and correction in rates, insurance for health and personal accidents recorded highest growth in the non-life insurance segment during the first half of the financial year…
SBI Life posts 30% growth in new business premium in H1
SBI Life Insurance garnered Rs 3,173 crore in new business premium in the first half of the current fiscal year, a growth of 30 per cent over the corresponding period of last year, and is now focusing on rural areas, a top executive said today…
LIC to invest Rs 61K cr in equity market
Unfazed by controversy surrounding its housing finance arm, country’s largest insurer Life Insurance Corporation (LIC) plans to pump in about Rs 61,000 crore in the equity market during this fiscal.“This year we are likely to invest around Rs 61,000 crore (in equity market),” LIC managing director Thomas Mathew said….
Top 10 ways to improve business trips
Sick of coming back from those short business trips exhausted and rundown? Men’s website AskMen.com (www.askmen.com) offers 10 easy tips to help you get through those difficult one to three days away for work looking and feeling good….
Guidelines for merging insurance cos likely next week: Irda
The Insurance Regulatory and Development Authority (Irda) has said that the guidelines for merging general insurance companies are expected to be out by next week….
‘ LIC investments guided by various regulations’
‘LIC investments guided by various regulations’
High-level committee set up to examine systems, procedures: MD.
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LIC has a 73 per cent market share in the life insurance industry. We have nearly 27 crore policy holders. It is not a new company. We are confident that the trust of the public and the nation is with us…
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