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Hero Insurance Broking receives license from IRDAI

Hero currently offers its general insurance services to the manufacturing, hospitality, education, health, travel and aviation sectors, in addition to the entire automobile segment.  It recently entered the life insurance segment, and is now aggressively looking at expanding its footprint in the health insurance space.

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Reliance General Insurance IPO in FY19

The company’s executive director, Anmol Ambani, said Reliance Health Insurance is going to be launched in this quarter.
He further said the company is looking at identifying key emerging business areas within the financial services and financial technology space.

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Suresh Prabhu woos Australian pension funds

These superannuation funds valued at 2.6 trillion Australian dollars are one of the world’s largest in terms of volume.
“The funds have exposure including in various international markets. However, their exposure to Indian markets is still very limited, despite continued greater than average market returns in India,” the ministry said.

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PMFBY revamped, Insurers must enroll 10% more non-loanee farmers

•Inclusion of hailstorm in post harvest losses, besides unseasonal and cyclonic rainfall. Inclusion of cloud burst and natural fire in localized calamities in addition to hailstorm, landslide, and inundation. 
•add on coverage for crop loss due to attack of wild animals, which will be implemented on a pilot basis. 

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