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LIC staff to oppose panel on financial sector
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The legislative commission on financial sector proposed by Finance Minister Pranab Mukherjee is yet another way to push through the Raghuram Rajan committee’s recommendations for further liberalisation of the banking and insurance sector
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AIG posts $8.9 bn loss, Chartis improves
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American International Group Inc reported a quarterly loss of $8.9 billion on Friday, hurt by charges related to US loan payback and loss reserves, but in a glimmer of hope its general insurance operations improved.
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TDS haze could raise your health cover cost
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Health insurance premiums could soar if the forthcoming Budget does not clarify on the issue of tax deduction at source for non-life insurance companies.
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Medical insurance co to pay for failing to reimburse full claim
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In the midst of the intense war between hospitals and medical insurance companies over health insurance reimbursements, here’s some heartening news for policy holders.
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Reliance Life Ins launches highest NAV guarantee ULIP plan
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Reliance Life Insurance, on Sunday said that it has launched a new unit linked product, Reliance Highest NAV Guarantee Plan.
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Reliance Life launches Reliance Highest NAV Guarantee Plan
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Anil Ambani Group firm Reliance Life Insurance on Sunday said it has launched 'Reliance Highest Net Asset Value Guarantee Plan', a new unit linked insurance plan, that enables the policy-holder to enjoy good returns.
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LIC aims to garner Rs 25,000 crore from Wealth Plus scheme
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The country's largest insurer Life Insurance Corporation is aiming to garner Rs 25,000 crore from its recently launched close-ended unit-linked Wealth Plus scheme.
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Life insurers seek higher FDI, tax sops for long-term policies
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Ahead of the Budget, the insurance industry has urged the government to move ahead with the proposal to raise foreign direct investment cap to 49 per cent and provide separate tax incentives for policies that have long tenures.
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Health insurance for government staff soon
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A health insurance scheme is on anvil on the lines of Arogyasri for government employees in the State.
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Health insurance for artisans
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Artisans those who have applied for the Health Insurance under the scheme of 'Rajiv Gandhi Shilpi Swasthya Bima Yojna (2009-10) through Nagaland Handloom & Handicrafts Development Corporation Ltd.
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BC students get health insurance
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About 1.86 lakh students residing in BC welfare hostels across the state will be covered under a new medical insurance scheme from this year.
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Insurance ombudsman holds camp court in city
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Ignorance and negligence in studying terms and condition of an insurance policy is putting insurance claimants in trouble, said the insurance ombudsman of Orissa, Surath Kumar Dhal.
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National commission overrules State commission’s order Consumer Notes
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The National Consumer Disputes Redressal Commission has overruled the Karnataka State Consumer Dispute’s Redressal Commission’s decision directing the New India Assurance Company to settle the claim filed by an old tile factory in Mangalore that suffered losses.
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NIC risks public fund to insure GVK airport
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The National Insurance Company has put at risk public funds worth crores of rupees by flagrantly violating rules in providing 'high-risk' insurance cover to the Mumbai international airport run by the corporate GVK group.
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YSR family to get Rs 1cr
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The family of Dr.Y.S. Rajasekhar Reddy, who perished in the chopper crash at Nallamala, will get Rs.1 crore as insurance payment from Reliance Money.
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AIIEA to oppose LIC amendment Bill, stage strike on Sept 16
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All India Insurance Employees Association (AIIEA) General Secretary K Venugopal today said they would oppose the LIC (Amendment) Bill-2009.
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Health is hot: 4 new firms soon
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The coming months would see the formation of three to four pure health insurance companies as global health insurance players with Discovery of South Africa, Cigna and Aetna of United States in talks with domestic players to form joint ventures.
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Government releases Rs.306.47 crore as its crop insurance scheme share
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Chief Minister M. Karunanidhi on Friday ordered the release of Rs.306.47 crore as the government’s share for the crop insurance scheme for 2008-09.
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LIC celebrates 53rd anniversary
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The East Central (EC) Zone of LIC has invested Rs 7,407 crore in three states of Bihar, Orissa and Jharkhand. Statewise, investment in Bihar is Rs 3,056 crore, Rs 3,255 crore in Orissa and Rs 1,176 crore in Jharkhand, said ECR zonal manager Basavraju. He was talking to mediapersons on the occasion of 53rd anniversary week of LIC here on Tuesday.
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Scam leads to tighter rules
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The Andhra Pradesh Health, Medical Housing and Infrastructure Development Corporation has tightened the process of paying insurance premium for its projects.
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Private owners enjoy huge insurance claim
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Since the owners of private ginning and pressing factories are making a lot of money out of the cotton fire incidents, there are strong allegations that the fires are their handiwork to claim insurance for sub-standard cotton produce.
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IRDA chief for measures to ensure transparency
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Insurance companies will be advised to come up with a new set of disclosures to ensure greater transparency, according to the Insurance Regulatory and Development Authority (IRDA) Chairman J.Hari Narayan.
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Micro insurance scheme for poor
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The Society for Social Transformation and Environment Protection, a non-government organization is planning to launch a micro insurance scheme for the poor people.
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LIC hopes to clock 40% growth in first premium collection
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Life Insurance Corporation is a major institutional investor in equity, corporate bonds and Government securities. This year the corporation has investible funds of over Rs 1.75 lakh crore.
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Insurance sector seeks reforms
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The general insurance industry is hoping to see an increase in the limit of premium eligible for service tax exemption, a lower tax on capital gains and bringing on par with life insurers the method of computing income tax.
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