The structures within Property & Casualty (P&C) and Life...
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Life protection plan for Indian blue-collar workers unveiled in the UAE
Around 3.5 million Indians reside in the UAE, of which about 65 per...
Committee of Creditors asks Hindujas to complete RCap resolution by March end
COC, in an official communication, through its lawyer Luthra and...
Aviva weighs options for Asian business including possible sale
U.K.-based Aviva has about 52% of its customers outside of its home market. The company has 885,000 clients in Singapore as well as strategic investments working with local partners in China, Hong Kong, Indonesia, Vietnam and India, according to its website.
InsurTech investment buoyant in Q2, 2019:Willis Towers Watson
69 deals with a total value of $1.41 billion were announced in Q2, 2019. The value of investments in property/casualty-focussed firms rose by 283% compared to Q2, 2018, and Life & Health deals by 259%. The number of strategic investments by (re)insurers hit a record high of 36.
Insurance subsidiaries of DHFL are in a comfortable position:IRDAI
“The insurance companies (of DHFL) are safe. I don’t see any problem in the insurance companies. We monitor the performance and their solvency is adequate and there is nothing to worry,” Khuntia said on the sidelines of centenary year celebration of New India Assurance on Tuesday
LIC offering Rs 1.25 trillion by 2024 for highway projects, says Gadkari
“LIC has offered us Rs 25,000 crore in a year and Rs 1.25 trilion in five years They have agreed in principle. We will rope in these funds in highways construction,” Gadkari told PTI in an interview here.
IRDAI cautions Reliance Nippon Life on expense management
-According to the IRDAI rulings on Friday , the insurer has neither furnished the Certificate from the appointed actuary nor demonstrated that the interest of the policyholders was not affected due to the excess of expenses over the prescribed limits.
-The insurer is found to have contravened provisions of section 40B of the Insurance Act, 1938 with respect to non-compliance of the limits prescribed for expenses of management, said IRDAI.
Government to prepare national data on unorganised sector
There is no separate published data for unorganised sector as a whole. “However, the shrinking of unorganised sector is a positive indicator of development,” Labour and Employment Minister Santosh Kumar Gangwar said
Relaxing foreign-ownership laws will benefit Indian insurers:Fitch
“We believe increased international involvement, particularly from developed markets, will contribute positively to the development of distribution networks, use of technology in distribution as well as bring in expertise in areas such as marketing and client-servicing,” said Fitch.
Time for your first Term Plan
Providing financial protection to your family often forms the basis and first step of financial planning. It is in this circumstance that a simple form of insurance called a Term Plan becomes very crucial. A term plan is an insurance tool that offers financial protection in the form of a sum assured to your family members if something unexpected happens.
Life insurers to refund premium in a yr old policy in case policyholder commits suicide:IRDAI
In case of non-linked policy, the nominee or beneficiary of the policyholder shall be entitled to at least 80 per cent of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force, said IRDAI in its revamped life insurance regulations that will be effective from Monday.
LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr
Private sector players witnessed an increase of 14.10 per cent in their collective new year business premium at Rs 6,211.17 crore in June, as compared to Rs 5,443.75 crore collected in the year-ago month.