M Saraswathy

Demonetisation: Cash-carrying companies seek to double insurance coverage

For the cash in transit, covers are taken for instances like theft.

IRDAI allows insurers to invest in Basel III bonds

Insurers cannot invest in AT1 bonds of their promoter group bank or where the bank is their corporate agent

Irdai allows insurers to be part of JLF

However, except large insurers like LIC, other insurers might not be active members in the JLF

Guaranteed returns in products could see impact of falling interest rates: Milliman

In a falling interest rate scenario, insurers may lower future bonuses on participating products

Life insurers' total products see 12% jump

The industry had 685 products as on October end 2016 compared to 610 products last year during the same time period

98 mn sign up for govt's accident insurance plan

Public sector banks have outperformed private ones in enrolments

Health insurers pip non-life segment in premium growth

Aditya Birla Health is the most recent addition that commenced operations in October

Insurers ask ministry for motor third party claim filing

Since losses in motor insurance have continued to rise, non-life insurers sought relief from ministry

There has to be a time limit for motor insurance claims: Bhargav Dasgupta

Private sector insurer ICICI Lombard General Insurance has seen almost 39% growth in top-line as per their results for the first six months

HDFC Life-Max Life deal faces Irdai hurdle

The regulator's concerns are around Section 35 of the Insurance Act 1938, which specifies norms for merger of insurance companies, said sources

Cashless and worried, millions spend hours outside banks for new currency

Banks still haven't got the new set of Rs 500 notes as customers were given a mix of Rs 2,000 and Rs 100 notes

Irdai specifies rule for Point-of-Sales Person of life insurance

The life insurer in question, Irdai says, shall be responsible for the conduct of the PoSP.

Insurance brands turn life coaches

HDFC Life, IndiaFirst Life and Bharti Axa Life look to change customer purchase behaviour and expand their influence

Agent numbers see rise in life insurance industry

Life insurance industry has added 24,183 agents in the period between April 1-September 30 during this financial year

LinkedIn brings Priyanka as brand influencer

The professional networking platform ropes in one of the highest paid Bollywood actors, looks for wider appeal and a mass audience

Lloyd's of London gets R1 licence for onshore reinsurance branch in India

After R1, the regulator gives R2 and R3 licenses post which the branch can become operational

Insurance may fall under 12% tax slab in new tax regime

At present, apart from the 14% service tax, Krishi Kalyan cess & Swachh Bharat cess are also applicable, taking the total service tax applicable on insurance products to 15%

LIC cuts stake in Tata firms in Mistry tenure

Insurer likely to support Ratan Tata; reduction in stake might have been profit booking

We hope to achieve break-even in 3-4 years'

DEEPAK MITTAL, managing director and chief executive, talks to M Saraswathy

LIC loses 20% agents in six years

The number of active LIC agents as on March 31, 2016, was 1,018,039 against 1,081,495 on a year-on-year basis