Interview with Mr G. Srinivasan - Chairman & MD

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Created on 29 June 2017 Last Updated on 29 June 2017 Published Date
Written by Bimabazaar- Adminstrator

 Interview with Mr G. Srinivasan

Chairman & MD - THE NEW INDIA ASSURANCE CO. LTD.

 

He enjoys the distinction of becoming Chairman Cum Managing Director of United India Insurance Co. Ltd, one of India’s leading PSU Insurance Company at a relatively young age in the year 2007. Prior to that also, he was Managing Director of The New India Assurance Co. (Trinidad & Tobago) Ltd., in the Caribbean island. Since 2012, he has been at the helm of affairs of The New India Assurance Co. Ltd., India’s largest non-life insurance company and has  taken the company to a all time new height(high) during his eventful stint.

Soft and suave and modest to the fault, Mr. G. Srinivasan, B.Com, FIII, AICWA, ACMA, pursues his mission with great fervour and passion. Behind the soft veneer, however, lie a steel determination and the attitude of a go getter - the mantra behind his   great success. An avid lover of carnatik music, Mr.Srinivasan is also a voracious reader.

 

In a candid and freewheeling interview, Mr.G.Srinivasan spoke to Dr. Rakesh Agarwal and Dr. A. K. Chattoraj. 

 


 

Q. New India has been a market leader for years and a market leader leads the market with innovative products. What has been New India’s contribution in product innovation...?

New India has launched many innovative policies (products). We launched Griha Suvidha Policy- a very simple product. The main highlight of the policy is its simplicity and ease to the customer in providing the details and description of the contents and also a simple and hassle free process of claims administration.

The Top up product of New India in health Insurance sector is also very popular. This product helps to meet the need of high sum insured in health insurance policies. The Pradhan Mantri Suraksha Bima Yojana launched by the government at a very low premium has been very successful. More than 10 crore policies have been sold. Since the premium collection is linked with banks with minimum hassle for customers, the policy has been able to create very positive and effective awareness among the common public about benefits of insurance.

Our company  has also  launched a high  premium  i.e. Rs 1 crore mediclaim cover for the higher echelon of the society , the first such plan by a public sector company. Besides being available for a high sum insured, the policy covers most treatments that are otherwise not covered under common  mediclaim policies  and provides concierge services. The sum assured under this policy ranges from Rs 15 lakh to Rs 1 crore. The policy can be taken by an individual as well as a family floater cover by the family. We have been conscious that there is a section which needs a high value policy with very few restrictions. This prompted us to come out with this policy. We continue to look for opportunities to introduce innovative products to maintain our leadership position.

 

Q. New India has received many awards. What reasons do you attribute behind these award & achievements..?

A. Success of the company depends upon its team. A good team that rises to the occasion to collectively achieve the goals and objectives of the company is bound to succeed.  There should be clarity of objectives and strategies. Our company has a very good team which works passionately in achieving the goals.

 

Q.  Cabinet has approved the plan to list the five state-run general insurance companies including only state-owned reinsurer GIC Re. What are your plans to launch IPO?

A. Our Company has already started the listing process. It will take a few months for us to hit the market as we will have to file the prospectus, and finalise the banker to the issue," 

New India has huge asset base and investment. It shall reflect in our valuations. Our Company has been rated A-(Excellent – Stable outlook) by AM Best and CRISIL has reaffirmed its ' AAA/STABLE ' rating. The size of IPO offer and structure shall be decided in consultation with the selected banker and legal advisers subject to regulatory requirements. Among the four non-life insurers, New India will be the first to hit the market.


Q.
Is your company also looking for Global Expansion?

We are already operating in 28 countries and we have got an office at Dubai and we are looking for a licence for the office to be converted to a branch. We are also looking for expanding in countries like Myanmar and Qatar.

New India has set up  a shop in GIFT City couple of months back and we were the first insurance company to open our office there. Here we plan to do reinsurance business from foreign countries both facultative and treaties, direct insurance in other parts of the world and also to provide reinsurance support to Indian market to the extent we are permitted.

 

Q. How focussed is your company in CSR Activities?

A. Our company believes in the philosophy of giving back to the society. In India, a large chunk of population is still uninsured. We keep on organising mass awareness programmes to educate the consumers. The opening up of micro and one-man offices is a step in that direction. We already have 1000 micro offices and we are further planning to increase the reach to serve the society.

We are working very seriously on our vision statement which strives to transform India into a risk aware society from being a risk averse society. Through our mission statement, we are trying to achieve our vision by integrating social, environmental and health concerns of the Indian society into Company’s overall CSR Policy and programmes. We have initiated employment enhancing vocational skills, promotion of rural development projects, rural based sports etc.to promote CSR activities. School connect and village adoptions are our major CSR initiatives. The whole idea is to reach the bottom of the pyramid.

 

Q. According to you what will help to create Financial Inclusion.

A. There are 2-3 major factors in financial inclusion. The first one being creating awareness, extending  the reach of micro office and  expanding  the network of Insurance agents. Second the launch of micro and small products, having low premium keeping in mind the needs of low income group people. And the third one, revolves around organising health care camps, creating awareness through mobile vans, mobilising opinion in villages etc.

 

Q. Do you think India has the potential to emerge as a Reinsurance Hub?

A.  Yes definitely India has the potentiality to become Reinsurance hub. Currently the regulations are little restrictive. IRDAI will take a call on this and as the Insurance market in India matures, the reinsurance activities will also increase. Many Reinsurers have already setup their offices in India.

 

Q Health and Motor Insurance are major portfolios but at the same time –they are bleeding as well. Your views?

A. Motor Insurance portfolio has high incidence of losses. Most of the losses in Motor Insurance are in Motor third  Party area. The third party premium is inadequate in comparison to the losses in this segment. There are huge numbers of uninsured vehicles –plying without mandatory liability insurance. Further in case of cashless settlement of Motor own damage claims, the claim ratio is rising at the dealers’ level. This is a cause of concern which needs to be addressed at the earliest.  

Health insurance has also been witnessing  huge losses. The losses are primarily due to high medical inflation . No regulations for service providers, lack of rate standardisation e.t.c are hurting the portfolio. For meeting up with the challenge, GIPSA has launched Preferred Provider Network (PPN). Under this programme public sector insurers have negotiated a special package rate from many hospitals across the country for common procedures/treatments. This will help us to limit the claims.

Public sector companies are going for their  own TPA- Health Insurance TPA of India promoted by all public sector non life insurers. This will help us to bring efficiency in claim settlement and also reduce turnaround time.

 

Q Do you think in this age of extreme competition, technology is going to play a major role in Insurance Marketing and servicing.

A.  Yes, technology is going to play a major role. Our company already has created online platform for purchasing policies online. Customers can get their policy document online in minutes. A large numbers of customers are using our online platform for buying as well as renewing old policies. Currently we are offering online facility for health, motor, rural segment and in some other chosen areas. In online, we are planning to launch more basic and simple products which can be readily bought online. We have equipped our marketing team also to issue online policies through our portal. We are also active in social media platforms. We are also offering 10% discount on first time purchase of policies online on some selective products.

 

Q. What are your initiatives in customer engagement?

A. We have a very good feedback system from customers. We get continuous feedback from our retail offices and marketing personnel on ground. We have a very sound Grievance Redressal management system where all complaints are dealt with promptly and if any customer is not satisfied, he can escalate his grievance. We ensure speedy and prompt disposal of claims.

 

Q. How has been your current year and what is your outlook for next financial year?

A. The financial year 2016-17 has been a year of high growth for the general insurance industry. The Insurance Industry in India is growing at about 27% to 28%. Our Company is also growing at that pace. This year, we have witnessed growth not only in the traditional lines like fire and marine but also in the retail lines like motor, health. The Government schemes  like Prime Minister’s Crop Insurance Scheme and Pradhan Mantri Fasal Bima Yojana have  really pushed the premium growth in the general insurance sector. We hope to cross business of  Rs.21000 crores this year.  

We are expecting Rs 25,000 crore in premium income for 2017-18. Our major drivers of growth will be health insurance, motor insurance and crop insurance.

We are also looking at increasing the share of our overseas business from the current 18 per cent to 25 per cent in next five years. Overall we have a very positive outlook for the company.

 

Q:-  What are your defining moments in life ?

A:-  I remember two such defining moments in my career. In 2007, when I took over the reins of United India Insurance co.Ltd.-the company was going through a bad phase –ridden with many prickly issues. I was able to bring about complete change in the organization with the help of dedicated workforce. During this period , United India Insurance moved on to become the largest insurer by profits, and also registered  lowest underwriting losses among public sector players. Similarly, when I took charge of New India, it was going through a phase of turmoil. Today New India has been able to establish itself as the undisputed market leader with market share surging ahead every year. In a way, I have a very satisfying feeling that I could play an important role in the turnaround of two of India’s well-known PSU companies.

 

Q:-  How do you unwind ...?

A:-  I love  listening  to carnatik music. I am very fond of listening to the likes of M.S.Subbulakshmi and M.Balamurali Krishna. I also enjoy reading books, particularly anything related to insurance.

 

Q:  Your humility touches us.... How could you remain so humble despite the fact you have to take tough decision at times?     

A:-  ( Smiles) I believe in inner peace and that keeps goading me. Humility comes from understanding the self. Positions cannot define individuals for they come and go with time. I always tell my fellow employees to take care of customers. We exist for them and, therefore, all our decisions should be customer focussed.  What can be more satisfying than finding our customers feel both safe and secure doing business with us...?

 

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 INVESTIGATION OF FIRE DEBRIS
INVESTIGATION OF FIRE DEBRIS

      INTRODUCTION   A fire investigation is an unenviable task. The devastation, charred debris,...

Interview with Ms.Usha Sangwan, Managing Director of LIC
Interview with Ms.Usha Sangwan,...

      1. What is the impact of demonetisation on the insurance industry? Ans. Initially, there...

LIC to hold 15% stake in IIFCL
LIC to hold 15% stake in IIFCL

    The government has finally selected India Infrastructure Finance Co Ltd (IIFCL) as the lead...

Infosys, Tata war could give rise to...

  After the tug of war between Tata group and the Infosys, fears of legal liability on the...

Technology to Drive Insurance Distribution
Technology to Drive Insurance...

  In the past half a decade or so, powered by the increasing penetration of internet and smart...

Canara HSBC Oriental Bank of Commerce launches term insurance product
Canara HSBC Oriental Bank of Commerce...

  Canara HSBC Oriental Bank of Commerce Life Insurance Company plans to launch a pure term...

Motor Insurance Premium hike will help to clean out losses
Motor Insurance Premium hike will...

  According to the general insurers, the steep hike in premium rates of motor third-party...

Interview with Mr G. Srinivasan - Chairman & MD
Interview with Mr G. Srinivasan -...

 Interview with Mr G. Srinivasan Chairman & MD - THE NEW INDIA ASSURANCE CO. LTD.   He enjoys...

ETMoney collaborates with HDFC Life to launch data-led life policies
ETMoney collaborates with HDFC Life...

ETMoney of Times Internet has launched an exclusive data-led group term insurance plan in...

Cyber security guidelines to be prescribed soon
Cyber security guidelines to be...

The Insurance Regulatory and Development Authority of India (IRDAI) has drafted a comprehensive...

Pradhan Mantri Fasal Bima Yojana

  Pradhan Mantri Fasal Bima Yojana: A Major Farmer’s Friendly Initiative Transforming Indian...

HDFC Life to bring out first of its kind life insurance chat-bot in India
HDFC Life to bring out first of its...

  HDFC Life has announced the launch of India’s first life insurance chatbot in collaboration...

Reliance General Insurance ties up with Catholic Syrian Bank
Reliance General Insurance ties up...

  Reliance General Insurance (RGI), a branch of Reliance Capital, has entered into a...

HEALTH INSURANCE IS THE FASTEST GROWING SEGMENT IN INDIA
HEALTH INSURANCE IS THE FASTEST...

      Health insurance is one of the fastest growing segment in India but the insurance amount is...

MetLife Inc is committed to grow in India
MetLife Inc is committed to grow in...

  MetLife Inc, is “fully committed” to growth of its Indian life insurance joint venture unit, a...

Non-Life insurance premium increases 33%
Non-Life insurance premium increases 33%

  The total premium accumulated by the non-life insurance companies in February 2017 increased...

Insurance Agent's Role
Insurance Agent's Role

  Insurance Agent Role Will Transform but Continue to be Valuable in Digital Era   As the...

HDFC ERGO Growth and Expansion
HDFC ERGO Growth and Expansion

HDFC ERGO General Insurance, a private sector insurer, has reported 83.2 per cent increase in...

LIC Mutual Fund’s Small Town Hope
LIC Mutual Fund’s Small Town Hope

  LIC Mutual Fund has set a target for Assets Under Management (AUM) of Rs. 35,000 crores by the...

Interview with Mr.Girish Kulkarni - Managing Director & CEO
Interview with Mr.Girish Kulkarni -...

  Interview with Mr.Girish Kulkarni - Managing Director & CEO Star Union Dai-Ichi Life...

Insurance regulator provides some relief to Ulip holders
Insurance regulator provides some...

  Policyholders, who had put in money in unit-linked insurance plans (Ulips) and discontinued...

Swiss Re creates combined Property & Casualty Underwriting Hub in Asia, headed by Sharon Ooi
Swiss Re creates combined Property &...

Swiss Re today announced that it is establishing a combined Property & Casualty (P&C)...

Listing of general insurance companies starts
Listing of general insurance...

The government has started the process of the listing of General Insurance Corporation of India...

Bank of Baroda said to consider cutting insurance firm stake
Bank of Baroda said to consider...

Bank of Baroda is considering a sale of some of the minority stakes it holds in its insurance and...

Guidelines on Information and Cyber Security for Insurers
Guidelines on Information and Cyber...

All insurers regardless of size, complexity, or lines of business, collect, store, and share with...

LAUNCH OF WWW.BANKINGFINANCE.IN...

The economic scenario of our country is changing rapidly keeping in pace with the world economic...

Auto unions protest over IRDA’s vehicle premium rates
Auto unions protest over IRDA’s...

The decision of Insurance Regulatory and Development Authority of India (IRDA) to affect minimum...

Premium rates of vehicles increases by 41%
Premium rates of vehicles increases...

The Insurance Regulatory and Development Authority of India (IRDAI) has increased rates by up to...

LIC Jamshedpur division stands 1st in regular premium growth rate
LIC Jamshedpur division stands 1st in...

Life Insurance Corporation of India’s Jamshedpur Division has achieved No.1 rank in the country...

LIC to hire retired bankers for managing NPAs
LIC to hire retired bankers for...

LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure...

Public Sector Banks to get cyber insurance policies
Public Sector Banks to get cyber...

 Public sector banks, which are considered straggler in the digital space, are pulling up their...

Niti Aayog to use upgraded techs for crop insurance
Niti Aayog to use upgraded techs for...

 A task force on the use of technology for agriculture insurance, set up by Niti Aayog,...

Automation will bring revolution in insurance
Automation will bring revolution in...

The inaugural edition of InsurTech Integrated, convened by leading financial intelligence...

New India Assurance bags RIL's Rs. 500-cr combined cover
New India Assurance bags RIL's Rs....

New India Assurance has bagged a Rs 500—crore combined cover from Reliance Industries for its...

Insurers to ensure data protection
Insurers to ensure data protection

Insurance firms will have to mandatorily appoint a chief information security officer whose main...

UCO Bank, Future Generali ties up for product selling
UCO Bank, Future Generali ties up for...

                                       ...

100% FDI in insurance broking
100% FDI in insurance broking

The government is considering allowing 100 per cent foreign direct investment in insurance...

Model Question Bank for – PSU...

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Text Guide Book for – Para 13.2...

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Is this a right time to invest in...

Buying a home is a huge investment and a long-term financial commitment. In addition,...

Challenges faced by women while applying for home loan
Challenges faced by women while...

Application for a home loan is a critical stage in the fulfilling the dream of owning a home. It...

5 factors that have boosted the used car Industry in India
5 factors that have boosted the used...

The used car sector has flourished a lot in the past few years. Used cars that felt like a...

Secure your Family when you’re not around with Term Plans
Secure your Family when you’re not...

Have you considered the financial repercussions to your family in case of your sudden demise?...

New India Assurance looking for merchant bankers to manage IPO
New India Assurance looking for...

New India Assurance Company is looking for merchant bankers to manage its disinvestment through...

Buying or Renting a Home? Don’t forget your home insurance
Buying or Renting a Home? Don’t...

The hunt for your new dream home has finally ended! From the location of the house to the view...

SBI Life to begin re-valuation to sell additional 10 % stake
SBI Life to begin re-valuation to...

After agreeing to a deal to sell 3.9 per cent stake in SBI Life Insurance, its joint venture with...

LIC continues to pump money into divestment plan
LIC continues to pump money into...

Life Insurance Corporation of India (LIC) continues to be the lifeline for the central...

IRDAI extends deadline for premium payment
IRDAI extends deadline for premium...

Denying the reports that individuals can deposit their insurance renewal premium in now defunct...

Former ship captain gets Rs 1 crore compensation
Former ship captain gets Rs 1 crore...

Motor Accident Claims Tribunal has directed an insurance firm and a tempo owner to jointly pay a...

Claims from ATM management companies increasing
Claims from ATM management companies...

Insurance companies are seeing a spike in claims from cash management companies that deploy and...

Insurance companies keep policyholders in dark
Insurance companies keep...

A district consumer forum has said it has commonly seen that insurance companies at the time of...

Benefits of Self Survey Applications for Buying Car Insurance
Benefits of Self Survey Applications...

It’s that time of the year when your car insurance policy is due for renewal. You would get a...

Home loans - Possible rejection reasons

Purchase of a property plays an important aspect in one’s life and if it is about purchasing a...

HDFC ERGO launches new health insurance prouct
HDFC ERGO launches new health...

  HDFC ERGO expanded its health insurance portfolio with the launch of ‘Group Critical Illness...

Canara HSBC OBC Life targeting 30%...

  Canara HSBC Oriental Bank of Commerce Life Insurance is aiming for 30 % increase in its...

LIC buys 38% stake in SBI’s QIP issue

    India’s largest insurance company - LIC has acquired shares worth Rs 5,700 crore in State...

Raj Kumar joins LIC-MF as Director

    Mr. Raj Kumar joined as the Mutul Fund's whole time director with effect from April 28. He...

Biggest merger of the country is back...

  HDFC Life Max Life is the biggest merger in the country's insurance sector. The HDFC Life-Max...

Group health insurance premium to see a rise
Group health insurance premium to see...

  Group health insurance premiums may rise as IRDAI investigates disclosure to end subsidisation...

Rs 1.45 trillion growth in...

    The total premium collected at the end of December showed a growth of 12.43% amounting to Rs...

Crop insurance is on a rise keeping...

  The significance of crop insurance is rising steeply at government-undertaken companies. The...

THE LATENT BURGEONING DEATH-KNELL TO...

  The following is an account of a growing dilemma that in my humble opinion, will inevitably go...

68% increase in profits from equity...

    Life Insurance Corporation of India has sown as impressive 68% jump in profits which amounts...

Reliance General Campaigns for...

  Reliance General Insurance has released a campaign for home insurance that breaks the...

Frauds in Health Insurance

  Abstract Health Insurance is a booming industry across the world and in India it is the most...

Fairfax gets R1 nod from IRDAI

  IRDAI has given its initial approval (R1) to another venture Fairfax Financial Holdings owned...

United India, Oriental to get chairs soon
United India, Oriental to get chairs...

  United India Insurance and Oriental Insurance have been without heads for quite some time, from...

LIC grows more in single premiums
LIC grows more in single premiums

  Life Insurance Corporation of India’s premium in the first month grew 40% year-on-year (y-o-y)...

Non- life insurers to increase premium rates
Non- life insurers to increase...

    There have been steady losses in general insurance segment due to large claim settlements and...

 INVESTIGATION OF FIRE DEBRIS
INVESTIGATION OF FIRE DEBRIS

      INTRODUCTION   A fire investigation is an unenviable task. The devastation, charred debris,...

Interview with Ms.Usha Sangwan, Managing Director of LIC
Interview with Ms.Usha Sangwan,...

      1. What is the impact of demonetisation on the insurance industry? Ans. Initially, there...

LIC to hold 15% stake in IIFCL
LIC to hold 15% stake in IIFCL

    The government has finally selected India Infrastructure Finance Co Ltd (IIFCL) as the lead...

Infosys, Tata war could give rise to...

  After the tug of war between Tata group and the Infosys, fears of legal liability on the...

Technology to Drive Insurance Distribution
Technology to Drive Insurance...

  In the past half a decade or so, powered by the increasing penetration of internet and smart...

Canara HSBC Oriental Bank of Commerce launches term insurance product
Canara HSBC Oriental Bank of Commerce...

  Canara HSBC Oriental Bank of Commerce Life Insurance Company plans to launch a pure term...

Motor Insurance Premium hike will help to clean out losses
Motor Insurance Premium hike will...

  According to the general insurers, the steep hike in premium rates of motor third-party...

Interview with Mr G. Srinivasan - Chairman & MD
Interview with Mr G. Srinivasan -...

 Interview with Mr G. Srinivasan Chairman & MD - THE NEW INDIA ASSURANCE CO. LTD.   He enjoys...

ETMoney collaborates with HDFC Life to launch data-led life policies
ETMoney collaborates with HDFC Life...

ETMoney of Times Internet has launched an exclusive data-led group term insurance plan in...

Cyber security guidelines to be prescribed soon
Cyber security guidelines to be...

The Insurance Regulatory and Development Authority of India (IRDAI) has drafted a comprehensive...

Pradhan Mantri Fasal Bima Yojana

  Pradhan Mantri Fasal Bima Yojana: A Major Farmer’s Friendly Initiative Transforming Indian...

HDFC Life to bring out first of its kind life insurance chat-bot in India
HDFC Life to bring out first of its...

  HDFC Life has announced the launch of India’s first life insurance chatbot in collaboration...

Reliance General Insurance ties up with Catholic Syrian Bank
Reliance General Insurance ties up...

  Reliance General Insurance (RGI), a branch of Reliance Capital, has entered into a...

HEALTH INSURANCE IS THE FASTEST GROWING SEGMENT IN INDIA
HEALTH INSURANCE IS THE FASTEST...

      Health insurance is one of the fastest growing segment in India but the insurance amount is...

MetLife Inc is committed to grow in India
MetLife Inc is committed to grow in...

  MetLife Inc, is “fully committed” to growth of its Indian life insurance joint venture unit, a...

Non-Life insurance premium increases 33%
Non-Life insurance premium increases 33%

  The total premium accumulated by the non-life insurance companies in February 2017 increased...

Insurance Agent's Role
Insurance Agent's Role

  Insurance Agent Role Will Transform but Continue to be Valuable in Digital Era   As the...

HDFC ERGO Growth and Expansion
HDFC ERGO Growth and Expansion

HDFC ERGO General Insurance, a private sector insurer, has reported 83.2 per cent increase in...

LIC Mutual Fund’s Small Town Hope
LIC Mutual Fund’s Small Town Hope

  LIC Mutual Fund has set a target for Assets Under Management (AUM) of Rs. 35,000 crores by the...

Interview with Mr.Girish Kulkarni - Managing Director & CEO
Interview with Mr.Girish Kulkarni -...

  Interview with Mr.Girish Kulkarni - Managing Director & CEO Star Union Dai-Ichi Life...

Insurance regulator provides some relief to Ulip holders
Insurance regulator provides some...

  Policyholders, who had put in money in unit-linked insurance plans (Ulips) and discontinued...

Swiss Re creates combined Property & Casualty Underwriting Hub in Asia, headed by Sharon Ooi
Swiss Re creates combined Property &...

Swiss Re today announced that it is establishing a combined Property & Casualty (P&C)...

Listing of general insurance companies starts
Listing of general insurance...

The government has started the process of the listing of General Insurance Corporation of India...

Bank of Baroda said to consider cutting insurance firm stake
Bank of Baroda said to consider...

Bank of Baroda is considering a sale of some of the minority stakes it holds in its insurance and...

Guidelines on Information and Cyber Security for Insurers
Guidelines on Information and Cyber...

All insurers regardless of size, complexity, or lines of business, collect, store, and share with...

LAUNCH OF WWW.BANKINGFINANCE.IN...

The economic scenario of our country is changing rapidly keeping in pace with the world economic...

Auto unions protest over IRDA’s vehicle premium rates
Auto unions protest over IRDA’s...

The decision of Insurance Regulatory and Development Authority of India (IRDA) to affect minimum...

Premium rates of vehicles increases by 41%
Premium rates of vehicles increases...

The Insurance Regulatory and Development Authority of India (IRDAI) has increased rates by up to...

LIC Jamshedpur division stands 1st in regular premium growth rate
LIC Jamshedpur division stands 1st in...

Life Insurance Corporation of India’s Jamshedpur Division has achieved No.1 rank in the country...

LIC to hire retired bankers for managing NPAs
LIC to hire retired bankers for...

LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure...

Public Sector Banks to get cyber insurance policies
Public Sector Banks to get cyber...

 Public sector banks, which are considered straggler in the digital space, are pulling up their...

Niti Aayog to use upgraded techs for crop insurance
Niti Aayog to use upgraded techs for...

 A task force on the use of technology for agriculture insurance, set up by Niti Aayog,...

Automation will bring revolution in insurance
Automation will bring revolution in...

The inaugural edition of InsurTech Integrated, convened by leading financial intelligence...

New India Assurance bags RIL's Rs. 500-cr combined cover
New India Assurance bags RIL's Rs....

New India Assurance has bagged a Rs 500—crore combined cover from Reliance Industries for its...

Insurers to ensure data protection
Insurers to ensure data protection

Insurance firms will have to mandatorily appoint a chief information security officer whose main...

UCO Bank, Future Generali ties up for product selling
UCO Bank, Future Generali ties up for...

                                       ...

100% FDI in insurance broking
100% FDI in insurance broking

The government is considering allowing 100 per cent foreign direct investment in insurance...

Model Question Bank for – PSU...

( For Exams conducted by Insurance Institute of India Mumbai)   CALL Now for...

Text Guide Book for – Para 13.2...

( For Exams conducted by Insurance Institute of India Mumbai)   CALL Now for...

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MCQ Objective Guide Book for GENERAL...

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HDFC ERGO launches new health insurance prouct
HDFC ERGO launches new health...

  HDFC ERGO expanded its health insurance portfolio with the launch of ‘Group Critical Illness...

Canara HSBC OBC Life targeting 30%...

  Canara HSBC Oriental Bank of Commerce Life Insurance is aiming for 30 % increase in its...

LIC buys 38% stake in SBI’s QIP issue

    India’s largest insurance company - LIC has acquired shares worth Rs 5,700 crore in State...

Raj Kumar joins LIC-MF as Director

    Mr. Raj Kumar joined as the Mutul Fund's whole time director with effect from April 28. He...

Biggest merger of the country is back...

  HDFC Life Max Life is the biggest merger in the country's insurance sector. The HDFC Life-Max...

Group health insurance premium to see a rise
Group health insurance premium to see...

  Group health insurance premiums may rise as IRDAI investigates disclosure to end subsidisation...

Rs 1.45 trillion growth in...

    The total premium collected at the end of December showed a growth of 12.43% amounting to Rs...

Crop insurance is on a rise keeping...

  The significance of crop insurance is rising steeply at government-undertaken companies. The...

THE LATENT BURGEONING DEATH-KNELL TO...

  The following is an account of a growing dilemma that in my humble opinion, will inevitably go...

68% increase in profits from equity...

    Life Insurance Corporation of India has sown as impressive 68% jump in profits which amounts...

Reliance General Campaigns for...

  Reliance General Insurance has released a campaign for home insurance that breaks the...

Frauds in Health Insurance

  Abstract Health Insurance is a booming industry across the world and in India it is the most...

Fairfax gets R1 nod from IRDAI

  IRDAI has given its initial approval (R1) to another venture Fairfax Financial Holdings owned...

United India, Oriental to get chairs soon
United India, Oriental to get chairs...

  United India Insurance and Oriental Insurance have been without heads for quite some time, from...

LIC grows more in single premiums
LIC grows more in single premiums

  Life Insurance Corporation of India’s premium in the first month grew 40% year-on-year (y-o-y)...

Non- life insurers to increase premium rates
Non- life insurers to increase...

    There have been steady losses in general insurance segment due to large claim settlements and...

 INVESTIGATION OF FIRE DEBRIS
INVESTIGATION OF FIRE DEBRIS

      INTRODUCTION   A fire investigation is an unenviable task. The devastation, charred debris,...

Interview with Ms.Usha Sangwan, Managing Director of LIC
Interview with Ms.Usha Sangwan,...

      1. What is the impact of demonetisation on the insurance industry? Ans. Initially, there...

LIC to hold 15% stake in IIFCL
LIC to hold 15% stake in IIFCL

    The government has finally selected India Infrastructure Finance Co Ltd (IIFCL) as the lead...

Infosys, Tata war could give rise to...

  After the tug of war between Tata group and the Infosys, fears of legal liability on the...

Technology to Drive Insurance Distribution
Technology to Drive Insurance...

  In the past half a decade or so, powered by the increasing penetration of internet and smart...

Canara HSBC Oriental Bank of Commerce launches term insurance product
Canara HSBC Oriental Bank of Commerce...

  Canara HSBC Oriental Bank of Commerce Life Insurance Company plans to launch a pure term...

Motor Insurance Premium hike will help to clean out losses
Motor Insurance Premium hike will...

  According to the general insurers, the steep hike in premium rates of motor third-party...

Interview with Mr G. Srinivasan - Chairman & MD
Interview with Mr G. Srinivasan -...

 Interview with Mr G. Srinivasan Chairman & MD - THE NEW INDIA ASSURANCE CO. LTD.   He enjoys...

ETMoney collaborates with HDFC Life to launch data-led life policies
ETMoney collaborates with HDFC Life...

ETMoney of Times Internet has launched an exclusive data-led group term insurance plan in...

Cyber security guidelines to be prescribed soon
Cyber security guidelines to be...

The Insurance Regulatory and Development Authority of India (IRDAI) has drafted a comprehensive...

Pradhan Mantri Fasal Bima Yojana

  Pradhan Mantri Fasal Bima Yojana: A Major Farmer’s Friendly Initiative Transforming Indian...

HDFC Life to bring out first of its kind life insurance chat-bot in India
HDFC Life to bring out first of its...

  HDFC Life has announced the launch of India’s first life insurance chatbot in collaboration...

Reliance General Insurance ties up with Catholic Syrian Bank
Reliance General Insurance ties up...

  Reliance General Insurance (RGI), a branch of Reliance Capital, has entered into a...

HEALTH INSURANCE IS THE FASTEST GROWING SEGMENT IN INDIA
HEALTH INSURANCE IS THE FASTEST...

      Health insurance is one of the fastest growing segment in India but the insurance amount is...

MetLife Inc is committed to grow in India
MetLife Inc is committed to grow in...

  MetLife Inc, is “fully committed” to growth of its Indian life insurance joint venture unit, a...

Non-Life insurance premium increases 33%
Non-Life insurance premium increases 33%

  The total premium accumulated by the non-life insurance companies in February 2017 increased...

Insurance Agent's Role
Insurance Agent's Role

  Insurance Agent Role Will Transform but Continue to be Valuable in Digital Era   As the...

HDFC ERGO Growth and Expansion
HDFC ERGO Growth and Expansion

HDFC ERGO General Insurance, a private sector insurer, has reported 83.2 per cent increase in...

LIC Mutual Fund’s Small Town Hope
LIC Mutual Fund’s Small Town Hope

  LIC Mutual Fund has set a target for Assets Under Management (AUM) of Rs. 35,000 crores by the...

Interview with Mr.Girish Kulkarni - Managing Director & CEO
Interview with Mr.Girish Kulkarni -...

  Interview with Mr.Girish Kulkarni - Managing Director & CEO Star Union Dai-Ichi Life...

Insurance regulator provides some relief to Ulip holders
Insurance regulator provides some...

  Policyholders, who had put in money in unit-linked insurance plans (Ulips) and discontinued...

Swiss Re creates combined Property & Casualty Underwriting Hub in Asia, headed by Sharon Ooi
Swiss Re creates combined Property &...

Swiss Re today announced that it is establishing a combined Property & Casualty (P&C)...

Listing of general insurance companies starts
Listing of general insurance...

The government has started the process of the listing of General Insurance Corporation of India...

Bank of Baroda said to consider cutting insurance firm stake
Bank of Baroda said to consider...

Bank of Baroda is considering a sale of some of the minority stakes it holds in its insurance and...

Guidelines on Information and Cyber Security for Insurers
Guidelines on Information and Cyber...

All insurers regardless of size, complexity, or lines of business, collect, store, and share with...

LAUNCH OF WWW.BANKINGFINANCE.IN...

The economic scenario of our country is changing rapidly keeping in pace with the world economic...

Auto unions protest over IRDA’s vehicle premium rates
Auto unions protest over IRDA’s...

The decision of Insurance Regulatory and Development Authority of India (IRDA) to affect minimum...

Premium rates of vehicles increases by 41%
Premium rates of vehicles increases...

The Insurance Regulatory and Development Authority of India (IRDAI) has increased rates by up to...

LIC Jamshedpur division stands 1st in regular premium growth rate
LIC Jamshedpur division stands 1st in...

Life Insurance Corporation of India’s Jamshedpur Division has achieved No.1 rank in the country...

LIC to hire retired bankers for managing NPAs
LIC to hire retired bankers for...

LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure...

Public Sector Banks to get cyber insurance policies
Public Sector Banks to get cyber...

 Public sector banks, which are considered straggler in the digital space, are pulling up their...

Niti Aayog to use upgraded techs for crop insurance
Niti Aayog to use upgraded techs for...

 A task force on the use of technology for agriculture insurance, set up by Niti Aayog,...

Automation will bring revolution in insurance
Automation will bring revolution in...

The inaugural edition of InsurTech Integrated, convened by leading financial intelligence...

New India Assurance bags RIL's Rs. 500-cr combined cover
New India Assurance bags RIL's Rs....

New India Assurance has bagged a Rs 500—crore combined cover from Reliance Industries for its...

Insurers to ensure data protection
Insurers to ensure data protection

Insurance firms will have to mandatorily appoint a chief information security officer whose main...

UCO Bank, Future Generali ties up for product selling
UCO Bank, Future Generali ties up for...

                                       ...

100% FDI in insurance broking
100% FDI in insurance broking

The government is considering allowing 100 per cent foreign direct investment in insurance...

Model Question Bank for – PSU...

( For Exams conducted by Insurance Institute of India Mumbai)   CALL Now for...

Text Guide Book for – Para 13.2...

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Is this a right time to invest in...

Buying a home is a huge investment and a long-term financial commitment. In addition,...

Challenges faced by women while applying for home loan
Challenges faced by women while...

Application for a home loan is a critical stage in the fulfilling the dream of owning a home. It...

5 factors that have boosted the used car Industry in India
5 factors that have boosted the used...

The used car sector has flourished a lot in the past few years. Used cars that felt like a...

Secure your Family when you’re not around with Term Plans
Secure your Family when you’re not...

Have you considered the financial repercussions to your family in case of your sudden demise?...

New India Assurance looking for merchant bankers to manage IPO
New India Assurance looking for...

New India Assurance Company is looking for merchant bankers to manage its disinvestment through...

Buying or Renting a Home? Don’t forget your home insurance
Buying or Renting a Home? Don’t...

The hunt for your new dream home has finally ended! From the location of the house to the view...

SBI Life to begin re-valuation to sell additional 10 % stake
SBI Life to begin re-valuation to...

After agreeing to a deal to sell 3.9 per cent stake in SBI Life Insurance, its joint venture with...

LIC continues to pump money into divestment plan
LIC continues to pump money into...

Life Insurance Corporation of India (LIC) continues to be the lifeline for the central...

IRDAI extends deadline for premium payment
IRDAI extends deadline for premium...

Denying the reports that individuals can deposit their insurance renewal premium in now defunct...

HDFC ERGO launches new health insurance prouct
HDFC ERGO launches new health...

  HDFC ERGO expanded its health insurance portfolio with the launch of ‘Group Critical Illness...

Canara HSBC OBC Life targeting 30%...

  Canara HSBC Oriental Bank of Commerce Life Insurance is aiming for 30 % increase in its...

LIC buys 38% stake in SBI’s QIP issue

    India’s largest insurance company - LIC has acquired shares worth Rs 5,700 crore in State...

Raj Kumar joins LIC-MF as Director

    Mr. Raj Kumar joined as the Mutul Fund's whole time director with effect from April 28. He...

Biggest merger of the country is back...

  HDFC Life Max Life is the biggest merger in the country's insurance sector. The HDFC Life-Max...

Group health insurance premium to see a rise
Group health insurance premium to see...

  Group health insurance premiums may rise as IRDAI investigates disclosure to end subsidisation...

Rs 1.45 trillion growth in...

    The total premium collected at the end of December showed a growth of 12.43% amounting to Rs...

Crop insurance is on a rise keeping...

  The significance of crop insurance is rising steeply at government-undertaken companies. The...

THE LATENT BURGEONING DEATH-KNELL TO...

  The following is an account of a growing dilemma that in my humble opinion, will inevitably go...

68% increase in profits from equity...

    Life Insurance Corporation of India has sown as impressive 68% jump in profits which amounts...

Reliance General Campaigns for...

  Reliance General Insurance has released a campaign for home insurance that breaks the...

Frauds in Health Insurance

  Abstract Health Insurance is a booming industry across the world and in India it is the most...

Fairfax gets R1 nod from IRDAI

  IRDAI has given its initial approval (R1) to another venture Fairfax Financial Holdings owned...

United India, Oriental to get chairs soon
United India, Oriental to get chairs...

  United India Insurance and Oriental Insurance have been without heads for quite some time, from...

LIC grows more in single premiums
LIC grows more in single premiums

  Life Insurance Corporation of India’s premium in the first month grew 40% year-on-year (y-o-y)...

Non- life insurers to increase premium rates
Non- life insurers to increase...

    There have been steady losses in general insurance segment due to large claim settlements and...

 INVESTIGATION OF FIRE DEBRIS
INVESTIGATION OF FIRE DEBRIS

      INTRODUCTION   A fire investigation is an unenviable task. The devastation, charred debris,...

Interview with Ms.Usha Sangwan, Managing Director of LIC
Interview with Ms.Usha Sangwan,...

      1. What is the impact of demonetisation on the insurance industry? Ans. Initially, there...

LIC to hold 15% stake in IIFCL
LIC to hold 15% stake in IIFCL

    The government has finally selected India Infrastructure Finance Co Ltd (IIFCL) as the lead...

Infosys, Tata war could give rise to...

  After the tug of war between Tata group and the Infosys, fears of legal liability on the...

Technology to Drive Insurance Distribution
Technology to Drive Insurance...

  In the past half a decade or so, powered by the increasing penetration of internet and smart...

Canara HSBC Oriental Bank of Commerce launches term insurance product
Canara HSBC Oriental Bank of Commerce...

  Canara HSBC Oriental Bank of Commerce Life Insurance Company plans to launch a pure term...

Motor Insurance Premium hike will help to clean out losses
Motor Insurance Premium hike will...

  According to the general insurers, the steep hike in premium rates of motor third-party...

Interview with Mr G. Srinivasan - Chairman & MD
Interview with Mr G. Srinivasan -...

 Interview with Mr G. Srinivasan Chairman & MD - THE NEW INDIA ASSURANCE CO. LTD.   He enjoys...

ETMoney collaborates with HDFC Life to launch data-led life policies
ETMoney collaborates with HDFC Life...

ETMoney of Times Internet has launched an exclusive data-led group term insurance plan in...

Cyber security guidelines to be prescribed soon
Cyber security guidelines to be...

The Insurance Regulatory and Development Authority of India (IRDAI) has drafted a comprehensive...

Pradhan Mantri Fasal Bima Yojana

  Pradhan Mantri Fasal Bima Yojana: A Major Farmer’s Friendly Initiative Transforming Indian...

HDFC Life to bring out first of its kind life insurance chat-bot in India
HDFC Life to bring out first of its...

  HDFC Life has announced the launch of India’s first life insurance chatbot in collaboration...

Reliance General Insurance ties up with Catholic Syrian Bank
Reliance General Insurance ties up...

  Reliance General Insurance (RGI), a branch of Reliance Capital, has entered into a...

HEALTH INSURANCE IS THE FASTEST GROWING SEGMENT IN INDIA
HEALTH INSURANCE IS THE FASTEST...

      Health insurance is one of the fastest growing segment in India but the insurance amount is...

MetLife Inc is committed to grow in India
MetLife Inc is committed to grow in...

  MetLife Inc, is “fully committed” to growth of its Indian life insurance joint venture unit, a...

Non-Life insurance premium increases 33%
Non-Life insurance premium increases 33%

  The total premium accumulated by the non-life insurance companies in February 2017 increased...

Insurance Agent's Role
Insurance Agent's Role

  Insurance Agent Role Will Transform but Continue to be Valuable in Digital Era   As the...

HDFC ERGO Growth and Expansion
HDFC ERGO Growth and Expansion

HDFC ERGO General Insurance, a private sector insurer, has reported 83.2 per cent increase in...

LIC Mutual Fund’s Small Town Hope
LIC Mutual Fund’s Small Town Hope

  LIC Mutual Fund has set a target for Assets Under Management (AUM) of Rs. 35,000 crores by the...

Interview with Mr.Girish Kulkarni - Managing Director & CEO
Interview with Mr.Girish Kulkarni -...

  Interview with Mr.Girish Kulkarni - Managing Director & CEO Star Union Dai-Ichi Life...

Insurance regulator provides some relief to Ulip holders
Insurance regulator provides some...

  Policyholders, who had put in money in unit-linked insurance plans (Ulips) and discontinued...

Swiss Re creates combined Property & Casualty Underwriting Hub in Asia, headed by Sharon Ooi
Swiss Re creates combined Property &...

Swiss Re today announced that it is establishing a combined Property & Casualty (P&C)...

Listing of general insurance companies starts
Listing of general insurance...

The government has started the process of the listing of General Insurance Corporation of India...

Bank of Baroda said to consider cutting insurance firm stake
Bank of Baroda said to consider...

Bank of Baroda is considering a sale of some of the minority stakes it holds in its insurance and...

Guidelines on Information and Cyber Security for Insurers
Guidelines on Information and Cyber...

All insurers regardless of size, complexity, or lines of business, collect, store, and share with...

LAUNCH OF WWW.BANKINGFINANCE.IN...

The economic scenario of our country is changing rapidly keeping in pace with the world economic...

Auto unions protest over IRDA’s vehicle premium rates
Auto unions protest over IRDA’s...

The decision of Insurance Regulatory and Development Authority of India (IRDA) to affect minimum...

Premium rates of vehicles increases by 41%
Premium rates of vehicles increases...

The Insurance Regulatory and Development Authority of India (IRDAI) has increased rates by up to...

LIC Jamshedpur division stands 1st in regular premium growth rate
LIC Jamshedpur division stands 1st in...

Life Insurance Corporation of India’s Jamshedpur Division has achieved No.1 rank in the country...

LIC to hire retired bankers for managing NPAs
LIC to hire retired bankers for...

LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure...

Public Sector Banks to get cyber insurance policies
Public Sector Banks to get cyber...

 Public sector banks, which are considered straggler in the digital space, are pulling up their...

Niti Aayog to use upgraded techs for crop insurance
Niti Aayog to use upgraded techs for...

 A task force on the use of technology for agriculture insurance, set up by Niti Aayog,...

Automation will bring revolution in insurance
Automation will bring revolution in...

The inaugural edition of InsurTech Integrated, convened by leading financial intelligence...

New India Assurance bags RIL's Rs. 500-cr combined cover
New India Assurance bags RIL's Rs....

New India Assurance has bagged a Rs 500—crore combined cover from Reliance Industries for its...

Insurers to ensure data protection
Insurers to ensure data protection

Insurance firms will have to mandatorily appoint a chief information security officer whose main...

UCO Bank, Future Generali ties up for product selling
UCO Bank, Future Generali ties up for...

                                       ...

100% FDI in insurance broking
100% FDI in insurance broking

The government is considering allowing 100 per cent foreign direct investment in insurance...

Model Question Bank for – PSU...

( For Exams conducted by Insurance Institute of India Mumbai)   CALL Now for...

Text Guide Book for – Para 13.2...

( For Exams conducted by Insurance Institute of India Mumbai)   CALL Now for...

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HDFC ERGO launches new health insurance prouct
HDFC ERGO launches new health...

  HDFC ERGO expanded its health insurance portfolio with the launch of ‘Group Critical Illness...

Canara HSBC OBC Life targeting 30%...

  Canara HSBC Oriental Bank of Commerce Life Insurance is aiming for 30 % increase in its...

LIC buys 38% stake in SBI’s QIP issue

    India’s largest insurance company - LIC has acquired shares worth Rs 5,700 crore in State...

Raj Kumar joins LIC-MF as Director

    Mr. Raj Kumar joined as the Mutul Fund's whole time director with effect from April 28. He...

Biggest merger of the country is back...

  HDFC Life Max Life is the biggest merger in the country's insurance sector. The HDFC Life-Max...

Group health insurance premium to see a rise
Group health insurance premium to see...

  Group health insurance premiums may rise as IRDAI investigates disclosure to end subsidisation...

Rs 1.45 trillion growth in...

    The total premium collected at the end of December showed a growth of 12.43% amounting to Rs...

Crop insurance is on a rise keeping...

  The significance of crop insurance is rising steeply at government-undertaken companies. The...

THE LATENT BURGEONING DEATH-KNELL TO...

  The following is an account of a growing dilemma that in my humble opinion, will inevitably go...

68% increase in profits from equity...

    Life Insurance Corporation of India has sown as impressive 68% jump in profits which amounts...

Reliance General Campaigns for...

  Reliance General Insurance has released a campaign for home insurance that breaks the...

Frauds in Health Insurance

  Abstract Health Insurance is a booming industry across the world and in India it is the most...

Fairfax gets R1 nod from IRDAI

  IRDAI has given its initial approval (R1) to another venture Fairfax Financial Holdings owned...

United India, Oriental to get chairs soon
United India, Oriental to get chairs...

  United India Insurance and Oriental Insurance have been without heads for quite some time, from...

LIC grows more in single premiums
LIC grows more in single premiums

  Life Insurance Corporation of India’s premium in the first month grew 40% year-on-year (y-o-y)...

Non- life insurers to increase premium rates
Non- life insurers to increase...

    There have been steady losses in general insurance segment due to large claim settlements and...

 INVESTIGATION OF FIRE DEBRIS
INVESTIGATION OF FIRE DEBRIS

      INTRODUCTION   A fire investigation is an unenviable task. The devastation, charred debris,...

Interview with Ms.Usha Sangwan, Managing Director of LIC
Interview with Ms.Usha Sangwan,...

      1. What is the impact of demonetisation on the insurance industry? Ans. Initially, there...

LIC to hold 15% stake in IIFCL
LIC to hold 15% stake in IIFCL

    The government has finally selected India Infrastructure Finance Co Ltd (IIFCL) as the lead...

Infosys, Tata war could give rise to...

  After the tug of war between Tata group and the Infosys, fears of legal liability on the...

Technology to Drive Insurance Distribution
Technology to Drive Insurance...

  In the past half a decade or so, powered by the increasing penetration of internet and smart...

Canara HSBC Oriental Bank of Commerce launches term insurance product
Canara HSBC Oriental Bank of Commerce...

  Canara HSBC Oriental Bank of Commerce Life Insurance Company plans to launch a pure term...

Motor Insurance Premium hike will help to clean out losses
Motor Insurance Premium hike will...

  According to the general insurers, the steep hike in premium rates of motor third-party...

Interview with Mr G. Srinivasan - Chairman & MD
Interview with Mr G. Srinivasan -...

 Interview with Mr G. Srinivasan Chairman & MD - THE NEW INDIA ASSURANCE CO. LTD.   He enjoys...

ETMoney collaborates with HDFC Life to launch data-led life policies
ETMoney collaborates with HDFC Life...

ETMoney of Times Internet has launched an exclusive data-led group term insurance plan in...

Cyber security guidelines to be prescribed soon
Cyber security guidelines to be...

The Insurance Regulatory and Development Authority of India (IRDAI) has drafted a comprehensive...

Pradhan Mantri Fasal Bima Yojana

  Pradhan Mantri Fasal Bima Yojana: A Major Farmer’s Friendly Initiative Transforming Indian...

HDFC Life to bring out first of its kind life insurance chat-bot in India
HDFC Life to bring out first of its...

  HDFC Life has announced the launch of India’s first life insurance chatbot in collaboration...

Reliance General Insurance ties up with Catholic Syrian Bank
Reliance General Insurance ties up...

  Reliance General Insurance (RGI), a branch of Reliance Capital, has entered into a...

HEALTH INSURANCE IS THE FASTEST GROWING SEGMENT IN INDIA
HEALTH INSURANCE IS THE FASTEST...

      Health insurance is one of the fastest growing segment in India but the insurance amount is...

MetLife Inc is committed to grow in India
MetLife Inc is committed to grow in...

  MetLife Inc, is “fully committed” to growth of its Indian life insurance joint venture unit, a...

Non-Life insurance premium increases 33%
Non-Life insurance premium increases 33%

  The total premium accumulated by the non-life insurance companies in February 2017 increased...

Insurance Agent's Role
Insurance Agent's Role

  Insurance Agent Role Will Transform but Continue to be Valuable in Digital Era   As the...

HDFC ERGO Growth and Expansion
HDFC ERGO Growth and Expansion

HDFC ERGO General Insurance, a private sector insurer, has reported 83.2 per cent increase in...

LIC Mutual Fund’s Small Town Hope
LIC Mutual Fund’s Small Town Hope

  LIC Mutual Fund has set a target for Assets Under Management (AUM) of Rs. 35,000 crores by the...

Interview with Mr.Girish Kulkarni - Managing Director & CEO
Interview with Mr.Girish Kulkarni -...

  Interview with Mr.Girish Kulkarni - Managing Director & CEO Star Union Dai-Ichi Life...

Insurance regulator provides some relief to Ulip holders
Insurance regulator provides some...

  Policyholders, who had put in money in unit-linked insurance plans (Ulips) and discontinued...

Swiss Re creates combined Property & Casualty Underwriting Hub in Asia, headed by Sharon Ooi
Swiss Re creates combined Property &...

Swiss Re today announced that it is establishing a combined Property & Casualty (P&C)...

Listing of general insurance companies starts
Listing of general insurance...

The government has started the process of the listing of General Insurance Corporation of India...

Bank of Baroda said to consider cutting insurance firm stake
Bank of Baroda said to consider...

Bank of Baroda is considering a sale of some of the minority stakes it holds in its insurance and...

Guidelines on Information and Cyber Security for Insurers
Guidelines on Information and Cyber...

All insurers regardless of size, complexity, or lines of business, collect, store, and share with...

LAUNCH OF WWW.BANKINGFINANCE.IN...

The economic scenario of our country is changing rapidly keeping in pace with the world economic...

Auto unions protest over IRDA’s vehicle premium rates
Auto unions protest over IRDA’s...

The decision of Insurance Regulatory and Development Authority of India (IRDA) to affect minimum...

Premium rates of vehicles increases by 41%
Premium rates of vehicles increases...

The Insurance Regulatory and Development Authority of India (IRDAI) has increased rates by up to...

LIC Jamshedpur division stands 1st in regular premium growth rate
LIC Jamshedpur division stands 1st in...

Life Insurance Corporation of India’s Jamshedpur Division has achieved No.1 rank in the country...

LIC to hire retired bankers for managing NPAs
LIC to hire retired bankers for...

LIC will soon obtain services of retired bankers to strengthen its lending operations and ensure...

Public Sector Banks to get cyber insurance policies
Public Sector Banks to get cyber...

 Public sector banks, which are considered straggler in the digital space, are pulling up their...

Niti Aayog to use upgraded techs for crop insurance
Niti Aayog to use upgraded techs for...

 A task force on the use of technology for agriculture insurance, set up by Niti Aayog,...

Automation will bring revolution in insurance
Automation will bring revolution in...

The inaugural edition of InsurTech Integrated, convened by leading financial intelligence...

New India Assurance bags RIL's Rs. 500-cr combined cover
New India Assurance bags RIL's Rs....

New India Assurance has bagged a Rs 500—crore combined cover from Reliance Industries for its...

Insurers to ensure data protection
Insurers to ensure data protection

Insurance firms will have to mandatorily appoint a chief information security officer whose main...

UCO Bank, Future Generali ties up for product selling
UCO Bank, Future Generali ties up for...

                                       ...

100% FDI in insurance broking
100% FDI in insurance broking

The government is considering allowing 100 per cent foreign direct investment in insurance...

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Is this a right time to invest in...

Buying a home is a huge investment and a long-term financial commitment. In addition,...

Challenges faced by women while applying for home loan
Challenges faced by women while...

Application for a home loan is a critical stage in the fulfilling the dream of owning a home. It...

5 factors that have boosted the used car Industry in India
5 factors that have boosted the used...

The used car sector has flourished a lot in the past few years. Used cars that felt like a...

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