NDTV Profit

Insurance

  • Competition watchdog rules out abuse of dominance by United India Insurance

    It was alleged that since United India Insurance was the only and dominant service provider to "CanCard Group Medi insurance policy holders", all holders who opted for these medical claim policies were necessarily required to carry out all the transactions through the insurance company and its TPA.

  • Insurance industry to grow below 5 per cent in FY14: CII

    The growth rate of Indian insurance industry is likely to be less than 5 per cent in fiscal year 2013-14, according to the Confederation of Indian Industry (CII).

  • Government appoints S K Roy as LIC Chairman: report

    Mr Roy, who at present a Managing Director in the organisation, would be succeeding D K Mehrotra, whose term as LIC chief ended on May 31.

  • Four life insurance mistakes you must avoid

    Determining the adequate risk coverage and suitable insurance products is an important aspect of financial planning. The various complexities attached with existing life insurance policies in the market make choosing the right one difficult. Listed below are the most common pitfalls one needs to avoid while buying a life insurance policy.

  • Chidambaram wants greater penetration in the non-life insurance sector

    The insurance density for general insurance in India is less than $9, while it is $53 in China. Gross underwritten premium (GWP) of the sector was Rs 69,000 crore in 2012-13.

  • Warren Buffett firm bets big on mobiles, social media in India

    With an aim to become a leading online insurance provider, the Indian venture of Warren Buffett-led Berkshire group is betting big on the popularity of mobile phones and social media to boost its business.

  • How much insurance cover do you need?

    The standard practice of financial planning advocates us to first calculate the insurance requirements and then start analyzing the available options before picking the suitable product.

  • Manulife, HDFC Life among likely bidders for HSBC India insurance arm

    HSBC plc, Europe's biggest bank, is selling its 26 per cent stake in a life insurance joint venture with two Indian state-run banks, as it sheds noncore businesses globally.

  • How to choose the right insurance policy

    Choosing the right kind of insurance cover not only determines the care that we receive should our health take a wrong turn, but it can be the wild card in your financial plan.

  • SBI to discontinue free accident cover for loan customers

    Country's largest bank SBI will discontinue a free accident insurance cover given to its home and car loan customers from July this year.

  • Hope to get Insurance Bill passed soon: Finance Minister

    Finance Minister P Chidmabaram expressed hope on Saturday that Insurance Amendment Bill, which seeks to raise FDI cap in the sector to 49 per cent, will be passed soon.

  • India plans reinsurance pool to cover refiners handling Iran oil

    India plans to set up a fund of up to Rs 2,000 crore to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on the risk.

  • Life insurers to have standard form for policy holders: IRDA

    IRDA on Monday asked all life insurers to adopt a standard form for policyholders seeking insurance cover, a move which is aimed at bringing in uniformity and transparency.

  • How to revive a lapsed insurance policy

    Well, for reviving a lapsed policy, you need to pay the unpaid premiums along with the interest.

  • 5 scenarios when you don't need life insurance

    Agents will often persuade you into buying a policy you might not even need. Here are five such cases.

  • Exide gets CCI nod for buying stake in ING Vysya Life Insurance

    Fair trade regulator CCI has given the green signal to battery maker Exide Industries Ltd's proposal to fully acquire ING Vysya Life Insurance Company, saying the deal will not adversely impact competition.

  • Tax concessions for life insurance sector likely in Budget

    Life insurance policyholders can look forward to more tax concessions as Finance Ministry is considering a proposal to do away with service tax on first premium and create separate exemption limit for pension schemes in the upcoming Budget.

  • Guidelines for traditional life insurance products soon: Irda

    The final guidelines for traditional life insurance products could be announced by the insurance regulator after a meeting on February 8, Hari Narayan, chairman of the Insurance Regulatory and Development Authority (Irda) said today.

  • 10 tips to shrink your car insurance bill

    The gender and profession of the driver, and the city where the vehicle will be driven also influence the insurance premium you have to pay.

  • ING sells stake in Vysya Life Insurance

    Dutch banking and insurance group ING said on Wednesday it has agreed to sell its 26 percent stake in Vysya Life Insurance to its joint venture partner Exide Industries. ING said the divestment is part of its sale of all of its Asian insurance and investment management operations.

Advertisement

Advertisement

GAINERS / LOSERS