Private Insurance
High base effect of last year to hit March growth business of life insurers
Several private insurers also reported to have moved towards Tier 2 and Tier 3 cities and in the less than Rs 5 lakh segment to compensate for their loss of business in the higher ticket size
 "High base effect of last year to hit March growth business of life insurers")
New business premium of life insurance companies rises 30% in November
Private insurers' APE growth rebounds after lagging behind for three months
 "New business premium of life insurance companies rises 30% in November")
Top headlines: Fed on US economy, IAF deploys Rafales to counter China
Business Standard brings to you the top headlines on Thursday
 "Top headlines: Fed on US economy, IAF deploys Rafales to counter China")
Coronavirus impact: Private insurers bat for standard treatment rates
So far, the number of claims handled by the private insurers from Covid-19 patients has been fairly less. Insurers said related claims have just started trickling in
 "Coronavirus impact: Private insurers bat for standard treatment rates")
Private insurance firms make windfall from Railways' insurance scheme
Private insurance companies received a premium of around Rs 46 crore in the last two years from railway and its passengers while making a payout of only Rs seven crore in claims under the national transporter's travel insurance scheme, an RTI has found. IRCTC, which is a wholly owned undertaking of the Ministry of Railways, has entered into an agreement with three private insurance companies through limited tender - Shriram General Insurance Company Ltd, ICICI Lombard General Insurance Company Ltd and Royal Sundaram General Insurance Company Ltd for its Optional Travel Insurance Scheme which was launched in September 2016 with a premium of Rs 0.92 per passenger. This facility is for confirmed/RAC railway passengers who booked e-ticket through the official website of Indian Railway Catering & Tourism Corporation (IRCTC). Under the scheme, a sum assured is paid to the victim/family or legal heir of the victim as the case may be in case of death/injury of reserved passengers due to ..
 "Private insurance firms make windfall from Railways' insurance scheme")
Max Life to ICICI Pru Life, private insurance firms climb the loyalty curve
LIC, the survey finds, is losing out to private players because of the level and quality of innovation in products, customer service and technology
 "Max Life to ICICI Pru Life, private insurance firms climb the loyalty curve")
Private insurers see healthy growth in profits in 2015-16
Private life insurers saw growth of 26% in their group business and only 13% in their individual business
 "Private insurers see healthy growth in profits in 2015-16")
