Tuesday, December 28, 2010

Latest Insurance new for the year2011

Hi friends these are some of the latest news about the insurance which are going to be changed and also some new policies are going to be released

In 2010, insurers made clients kings

Standout fight was Sebi vs IRDA which made ULIPs more friendly in birthing investor gains.

DTC set to change tax burden on insurance

Each one of us has different rationale or purpose for availing insurance. The reasons could vary from securing ones retirement, meeting children’s education or marriage expenses or to secure one’s life.

Be the author of your health!

Gautam Buddha once said, "Every human being is the author of his own health or disease."

‘Third Party Motor Insurance Is Extremely Unprofitable For General Insurers’

S Narayanan feels that unless the premium rates in general insurance space are consistent with claims cost plus expenses the profitability will be elusive.

Cost cuts put pvt insurers in a spot

The insurance regulator’s recent directive to cap expenses on unit-linked insurance policies and private insurers’ consequent bid to trim costs by shutting some of their smaller branches seem to have had a collateral impact...

IRDA sets up committee on third party motor cover

IRDA set up a committee related to third party insurance cover for motor vehicles.

Insurers’ investment portfolios up 30% in ’09-10 at over Rs 12 lakh cr

The accumulated investments of the insurance sector in various segments of economy increased by 30.38% to Rs 12,71,527 crore on March 31, 2010 against Rs 9,75,258 crore on March 31, 2009.

ING Life launches ING Market Shield

ING Life India, in its 10th year of operations, launched a new unique Unit Linked Insurance Product.

Now, a Ulip that de-risks stock mkt?

Rs 50 lakh fine imposed on 6 insurers, including Reliance, HDFC

Insurance regulator IRDA imposed Rs 50 lakh fine on 6 insurance companies, including private sector players Reliance General and Apollo Munich Health in 2009-10 for failing to comply with various norms, including rural and social obligations.

Insurance queries: Keep lifecycle needs in mind

While taking an insurance product, what should I look at and is it better to purchase a term policy instead of an endowment policy?

Aegon eyeing Rs 500 cr turnover

AEGON Religare Life Insurance said it is eyeing a business turnover of Rs 500 crore this fiscal.

Insuring Your Health

With the ever increasing healthcare costs, it is better to insure your health now than feel sorry at a later date

Insurance merger guidelines could be out this week

The Insurance Regulatory and Development Authority on Saturday said the guidelines for merging general insurance companies are expected to be out by next week.

Max Bupa to invest about Rs 450 cr in next 4 years

Max Bupa said it would invest over Rs 450 crore in the next four years to expand its business.

Tata AIG General Insurance posts Rs 11.5-cr profit

Tata AIG has reported a profit after tax of Rs 11.5-cr for the half-year ended September 30.

IRDA cracks the VIP

IRDA cracked down anew on insurance cos, but commissions people must pay are still too high.

General insurance to grow 20%: Iffco

LIC to invest Rs 61K cr in equity market

Life Insurance Corporation (LIC) plans to pump in about Rs 61,000 crore in the equity market.

Bajaj Allianz launches Ability Insurance for specially-abled

Bajaj Allianz has introduced a unique range of products under the name of Ability Insurance for the specially-abled.

LIC's new premium crosses 50,000 crore

LIC has breached the Rs 50,000-crore mark during April-October period this year.

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