State-wise life insurance penetration and density of individual new business in India

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Created on 05 January 2013 Last Updated on 14 March 2013 Published Date
Written by Bimabazaar- Adminstrator

Insurance penetration and insurance density are the two important indicators, which provide the level of development of insurance sector in an economy. Insurance penetration is defined as the ratio of total premium collected to the total Gross Domestic Product (GDP) of an economy and is usually expressed in the percentage form.

 

The insurance density is defined as the ratio of total premium to the total population in the country and is expressed in currency units. Further, the ratio of insurance density to the insurance penetration is simply the per capita GDP, an indicator of per person economic activity of the economy.

The per capita GDP is often regarded as a good proxy for the standard of living of the people in the economy and is often used to compare the relative standard of living between the economies.

Relationship between insurance penetration and per capita GDP

There are several studies [Carter and Dickinson (1992), Enz (2000), Kamiya (2012), Sastry (2011), Sinha et al (2012), Zheng et al (2008), etc.], which have attempted to examine the nature of inter-relationship between the insurance penetration and the per capita GDP. These studies have revealed that a positive relationship holds between insurance penetration and per capita GDP.

Insurance penetration normally increases with the increase in the per capita GDP. The relationship between the two could be linear or non-linear (curvilinear). A simple linear relationship will mean that the income elasticity of demand for insurance is a constant. In case, the relation is curvilinear, the elasticity would no more be a constant and would change with the level of per capita GDP and would be dictated by the mathematical form of the non-linearity (such as, exponential, logistic etc.).

The studies of Carter and Dickinson (1992) and Enz (2000) indicated that the relationship between the insurance penetration and per capita GDP can be explained with an S-curve (a non-linear form). They demonstrated that the insurance penetration cannot go on increasing with the same pace forever with income per capita. The study of Enz (2000) proposed a logistic curve, which tracks an S-curve appropriately. Enz (2000) analyzed the insurance penetration by plotting it with the per capita GDP for select countries both for the life and non-life segments, separately.

It revealed that there exists a level of per capita GDP at which the income elasticity of demand for insurance reaches to the maximum level for both segments (life and non-life) of insurance. Subsequent to this point of maxima, the insurance penetration starts decelerating (increasing at a slower rate) with the increase of per capita GDP.

The study also attempted to identify the countries, which are consistently above or below the S-curve, and indicated that these deviations are on account of other factors (for example, socio-demographic and cultural characteristics), which are largely country-specific, which affect the insurance business of these specific counties.

Indian Scenario

The scatter plot of S-curve in the study of Enz (2000) reveals that insurance penetration in India lies well above the point of the estimated S-curve. Accordingly, given the assumptions of model in Enz (2000), it is indicated that the insurance penetration in India is higher than what the S-curve suggests. It is interesting to note that there exist other prominent factors (other than the per capita GDP), which influence the growth of Indian insurance business positively.

These factors could be demand driven (such as, socio-demographic characteristics of prospect/policyholders, risk appetite, etc.) or, supply driven (such as, quality of distribution channel, product innovation, etc.) or combination of both. While the presence of other factors (other than per capita GDP) is evident in case of India, it is expected that these would vary across various states and union territories of India.

Treating these states and union territories as independent economies, the insurance penetration as well as insurance density of individual states and union territories can be computed using their respective Premium underwritten, GDP and Population.

Data descriptions and limitations

The state-wise computed data of insurance penetration and insurance density is provided in Statement No. 9. It has been computed annually for the period 2006-07 to 2011-12. The premium figures pertain only to the individual new business premium, that is, the first year premium (both single premium and regular premium). Accordingly, it does not cover business of renewal premium of individual business of life insurance and any group business of life insurance.

Further, it does not cover any business of non-life insurance. This is in accordance with state-wise individual new business premium data filed with the IRDA.

It may be noted that this sub-set of data represented close to 40 per cent of total life insurance in the years 2006-07 (38.67 percent) and 2007-08 (39.45 per cent), but declined subsequently, especially in the recent years.

The share of individual new business premium stood at 22.56 per cent of the total life insurance premium in 2011-12 (against 28.52 per cent in the year 2010-11). The changing share of this subset of data reflects changes in insurance penetration as well as in insurance density in exactly the same fashion, as these are directly co-related.

Accordingly, the insurance penetration for this subset of data stands at 0.78 per cent in 2011-12, while the insurance penetration of total life insurance is 3.47 per cent. The insurance penetration of total life insurance penetration is 3.40 per cent in 2011-12 as per the Swiss Re estimates.

The state-wise data on Gross Domestic Product and per capita Net Domestic Product have been taken from the Central Statistical Organization (CSO), Ministry of Statistics & Programme Implementation (MoSPI), Government of India. While, the Ministry publishes both the Gross Domestic Product (GDP) and Net Domestic Product (NDP) for various states/UTs (at current prices and constant prices), it publishes only Per Capita Net Domestic Product and not the Per Capita Gross Domestic Product. In accordance with the definition of the insurance penetration, the GDP is used for the computation of insurance penetration of various states and union territories. Further, it is taken at the current prices in order to be compatible with the premium figures.

The state-wise data on population is available through Census 2001 and Census 2011. These are used to estimate the statewise population data for various years (2006-07 to 2011-12) using the Compound Average Growth Rate (CAGR) of the respective states and union territories with application of simple interpolations. India is a large country with 35 states/union territories with varying levels of per capita GDP, insurance penetration and insurance density.

The per capita NDP of India stood at `60,972 in 2011-12. The same, however, varied significantly across the states and union territories ranging from a low of Rs.24,681 (for Bihar) to a high of Rs.1,92,652 (for Goa) and Rs.1,75,812 (for Delhi). In the present context, 3 union territories viz. Dadra & Nagra Haveli, Daman & Diu and Lakshadeep have not been considered because of their meager figures.

Accordingly, 32 states/union territories have only been considered. It may be noted that these three union territories have insignificant contribution in the total life insurance premium.

The study of Sinha et al (2012) identified the per capita number of agents and the per capita number of insurance offices (both are supply driven), as two other influencing factors, apart from per capita GDP, which explained together large section of data appropriately.

The above study also carried out a multiple linear regression analysis to

(i) identify statistically significant factors influencing the insurance penetration and density,

(ii) to identify the outlier states/union territories, which are deviating from the estimated straight line statistically significantly and, (iii) to classify the states/union territories, which have under-insurance, over insurance and adequate insurance given the assumptions of the model.

In case of life insurance, given the high importance of per capita number of agents in the country, it is imperative to identify the states and union territories, which are at the extreme ends of under-insurance and over-insurance. That is, there are few states, which have a low premium figure, despite the fact that relatively higher agents have been deployed by the various insurance companies therein.

In contrast, few states are capable of underwriting good insurance business despite relatively low agents deployed therein. This poses questions on the allocation of insurance agents by the insurers in various parts of the country.

There could be possibility of inappropriate (inadequate or more than adequate) deployment of agents in particular region(s). Thus, the insurers need to analyze the mis-allocation, if any, in the distribution of agents, offices etc. and optimize it, subject to constraints. This may facilitate in increasing the business volumes, and thus, pushing up both insurance penetration and insurance density of the country.

References

 

  • Carter, R L and Dickinson, G M (1992): Obstacles to the liberalization of trade in insurance, Thames Essay No.58, Hemel Hempstead: Harverster Wheatsheaf, See Appendix IV, 175-188.
  • Enz, R (2000): The S-curve relation between per-capita income and insurance penetration, Geneva Papers on Risk and Insurance,
  • 25 (3): 396-406.
  • Handbook on Indian Insurance Statistics 2010-11, IRDA.
  • Sastry, D V S (2011): Life insurance penetration in India, Journal of Social and Economic Policy, Vol. 8, No. 2, 207-215.
  • Sinha, R K, Nizamuddin M M and Alam, I (2012): An Investigation of insurance penetration and density of India by geography,
  • 16th Annual Conference of Asia-Pacific Risk and Insurance Association (APRIA), July 2012, Seoul, South Korea.
  • Swiss Re: Various Sigma Reports.
  • Zheng W, Liu, Y and Yiting, D: “New paradigm for international insurance comparison: with an application to comparison of seven insurance markets.

 

Courtesy IRDA Annual Report 2011-12

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Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

Budget 2014 - Highlights for Insurance Sector
Budget 2014 - Highlights for...

Budget Speech By Sri Arun Jaitely, Finance Minister The Insurance sector is investment starved....

Budget Reactions from Future Generali India
Budget Reactions from Future Generali...

“The budget announcement on increasing FDI cap in insurance to 49% is a positive step forward. We...

Budget Reaction - Mr. Antony Jacob, CEO, Apollo Munich Health Insurance
Budget Reaction - Mr. Antony Jacob,...

Today's Union Budget speech has certainly brought good news for the insurance sector by the...

Future Generali India Insurance ties up with Punjab & Maharashtra Co-operative Bank
Future Generali India Insurance ties...

Future Generali India Insurance, a joint venture between India’s leading retailer Future Group...

Max Bupa wins the technology award at the fourth edition of India Insurance Awards
Max Bupa wins the technology award at...

Max Bupa has been conferred with top honor for technology maturity at the fourth edition of India...

IRDA Exam: Download IC 34 Book as per...

Appearing for IRDA 50 hours examination for Insurance Advisors. You can download the IC34 books...

Max Life Super Term Plan
Max Life Super Term Plan

In an increasingly uncertain world, it is your top priority to ensure that your family continues...

New India Top Up Mediclaim
New India Top Up Mediclaim

SALIENT FEATURES OF THE POLICY This Policy covers In–Patient Hospitalisation Expenses incurred in...

Additional Subjects available in...

Sr. No. Subject Code & Title Credit Points Remark 1 IC 60 - Marine Cargo Insurance...

Online Examination Schedule for December, 2015
Online Examination Schedule for...

     For any queries regarding OnLine Examination please mail at \n This email address is being...

Co-payment in health insurance only after netting hospital discounts: Irdai
Co-payment in health insurance only...

  The Irdai had recently notified that in health insurance policies with co-payment or the...

LIC's recruitment drive for 2 lakh new agents
LIC's recruitment drive for 2 lakh...

With the soaring aim to acquire its market share from private sector companies, Life Insurance...

IRDAI likely to relax corporate agency norms
IRDAI likely to relax corporate...

  The proposed  corporate agency norms that authorizes the  banks to sell a specified percentage...

India nuclear insurance pool with 1500 cr capacity formed
India nuclear insurance pool with...

General Insurance Corporation of India (GIC Re) and 11 other non-life insurers have formed the...

Hannover Re  keen to render reinsurance cover for PMSBY
Hannover Re keen to render...

Hannover Re, the world's third largest reinsurer, has decided to offer reinsurance cover for the...

Capital requirement for health...

The Insurance Regulatory and Development Authority of India (Irda) is on the mind of reducing the...

Insurers keep perpetual bonds at bay

Insurers are staying away from tier-1 perpetual bonds issued by banks because of the lack of...

Guide for Insurance Brokers Exam from...

  Guide for Insurance Brokers Exam from The Insurance Times ( For Online Exam conducted by NIA...

Canara bank inks memorandum with LIC

Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the...

Insurance behemoth's exposure in...

The financial sector has a pride of place in the equity portfolio of government-owned Life...

IRDAI directs health cover discounts...

The regulator IRDAI  in an attempt to provide the best and cost effective services for the...

Correct anomalies in product pricing:...

The Insurance Regulatory and Development Authority of India (IRDAI) has directed the  insurers to...

Psychiatric test for pilots likely...

The cost of insurance for aviation companies may rise if the Directorate General of Civil...

June 1 marks the start of a new...

The new service tax rate of 14% will come into effect from June 1, top government sources said,...

Foreign firms show interest for...

With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have...

Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council pushes...

   Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on...

'Care' - Health Insurance Policy  from Religare Health Insurance
'Care' - Health Insurance Policy ...

  Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and...

Education Plan from Reliance Life Insurance
Education Plan from Reliance Life...

Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

IRDA Exam: Download IC 34 Book as per...

Appearing for IRDA 50 hours examination for Insurance Advisors. You can download the IC34 books...

Max Life Super Term Plan
Max Life Super Term Plan

In an increasingly uncertain world, it is your top priority to ensure that your family continues...

New India Top Up Mediclaim
New India Top Up Mediclaim

SALIENT FEATURES OF THE POLICY This Policy covers In–Patient Hospitalisation Expenses incurred in...

Additional Subjects available in...

Sr. No. Subject Code & Title Credit Points Remark 1 IC 60 - Marine Cargo Insurance...

Online Examination Schedule for December, 2015
Online Examination Schedule for...

     For any queries regarding OnLine Examination please mail at \n This email address is being...

Co-payment in health insurance only after netting hospital discounts: Irdai
Co-payment in health insurance only...

  The Irdai had recently notified that in health insurance policies with co-payment or the...

LIC's recruitment drive for 2 lakh new agents
LIC's recruitment drive for 2 lakh...

With the soaring aim to acquire its market share from private sector companies, Life Insurance...

IRDAI likely to relax corporate agency norms
IRDAI likely to relax corporate...

  The proposed  corporate agency norms that authorizes the  banks to sell a specified percentage...

India nuclear insurance pool with 1500 cr capacity formed
India nuclear insurance pool with...

General Insurance Corporation of India (GIC Re) and 11 other non-life insurers have formed the...

Hannover Re  keen to render reinsurance cover for PMSBY
Hannover Re keen to render...

Hannover Re, the world's third largest reinsurer, has decided to offer reinsurance cover for the...

Capital requirement for health...

The Insurance Regulatory and Development Authority of India (Irda) is on the mind of reducing the...

Insurers keep perpetual bonds at bay

Insurers are staying away from tier-1 perpetual bonds issued by banks because of the lack of...

Guide for Insurance Brokers Exam from...

  Guide for Insurance Brokers Exam from The Insurance Times ( For Online Exam conducted by NIA...

Canara bank inks memorandum with LIC

Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the...

Insurance behemoth's exposure in...

The financial sector has a pride of place in the equity portfolio of government-owned Life...

IRDAI directs health cover discounts...

The regulator IRDAI  in an attempt to provide the best and cost effective services for the...

Correct anomalies in product pricing:...

The Insurance Regulatory and Development Authority of India (IRDAI) has directed the  insurers to...

Psychiatric test for pilots likely...

The cost of insurance for aviation companies may rise if the Directorate General of Civil...

June 1 marks the start of a new...

The new service tax rate of 14% will come into effect from June 1, top government sources said,...

Foreign firms show interest for...

With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have...

Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council pushes...

   Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on...

'Care' - Health Insurance Policy  from Religare Health Insurance
'Care' - Health Insurance Policy ...

  Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and...

Education Plan from Reliance Life Insurance
Education Plan from Reliance Life...

Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

Go Paper less ! Secure all your Policies in electronic Insurance A/c (eIA), With SHCIL Insurance Repository (SHCIL-IR) absolutely FREE OF COST
Go Paper less ! Secure all your...

eIA stands for e-Insurance Account or “Electronic Insurance Account” which will safeguard the...

Karnataka Vikas Grameena Bank tiesup with IndiaFirst Life to offer insurance products
Karnataka Vikas Grameena Bank tiesup...

Karnataka Vikas Grameena Bank (KVGB) owned by Government-Sponsored by Syndicate Bank, one of the...

Future Generali India Life Insurance launches the Care Plus Plan
Future Generali India Life Insurance...

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future...

Solved Paper for General Insurance Accounts and Regulation of Investment IC46 for associateship
Solved Paper for General Insurance...

Launching of Guide Book for IC46 Plus Mock Test                   Guide...

Get FREE E-Insurance Account
Get FREE E-Insurance Account

You have been enjoying the benefits of Demat account and would have experienced the ease and...

2014 Budget Speech Extracts of Sri Arun Jaitely, Finance Minister, India relating to Direct Tax Proposals
2014 Budget Speech Extracts of Sri...

I do not propose to make any change in the tax rate.  However, with a view to provide relief to...

IRDA Exam: Download IC 34 Book as per...

Appearing for IRDA 50 hours examination for Insurance Advisors. You can download the IC34 books...

Max Life Super Term Plan
Max Life Super Term Plan

In an increasingly uncertain world, it is your top priority to ensure that your family continues...

New India Top Up Mediclaim
New India Top Up Mediclaim

SALIENT FEATURES OF THE POLICY This Policy covers In–Patient Hospitalisation Expenses incurred in...

Additional Subjects available in...

Sr. No. Subject Code & Title Credit Points Remark 1 IC 60 - Marine Cargo Insurance...

Online Examination Schedule for December, 2015
Online Examination Schedule for...

     For any queries regarding OnLine Examination please mail at \n This email address is being...

Co-payment in health insurance only after netting hospital discounts: Irdai
Co-payment in health insurance only...

  The Irdai had recently notified that in health insurance policies with co-payment or the...

LIC's recruitment drive for 2 lakh new agents
LIC's recruitment drive for 2 lakh...

With the soaring aim to acquire its market share from private sector companies, Life Insurance...

IRDAI likely to relax corporate agency norms
IRDAI likely to relax corporate...

  The proposed  corporate agency norms that authorizes the  banks to sell a specified percentage...

India nuclear insurance pool with 1500 cr capacity formed
India nuclear insurance pool with...

General Insurance Corporation of India (GIC Re) and 11 other non-life insurers have formed the...

Hannover Re  keen to render reinsurance cover for PMSBY
Hannover Re keen to render...

Hannover Re, the world's third largest reinsurer, has decided to offer reinsurance cover for the...

Capital requirement for health...

The Insurance Regulatory and Development Authority of India (Irda) is on the mind of reducing the...

Insurers keep perpetual bonds at bay

Insurers are staying away from tier-1 perpetual bonds issued by banks because of the lack of...

Guide for Insurance Brokers Exam from...

  Guide for Insurance Brokers Exam from The Insurance Times ( For Online Exam conducted by NIA...

Canara bank inks memorandum with LIC

Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the...

Insurance behemoth's exposure in...

The financial sector has a pride of place in the equity portfolio of government-owned Life...

IRDAI directs health cover discounts...

The regulator IRDAI  in an attempt to provide the best and cost effective services for the...

Correct anomalies in product pricing:...

The Insurance Regulatory and Development Authority of India (IRDAI) has directed the  insurers to...

Psychiatric test for pilots likely...

The cost of insurance for aviation companies may rise if the Directorate General of Civil...

June 1 marks the start of a new...

The new service tax rate of 14% will come into effect from June 1, top government sources said,...

Foreign firms show interest for...

With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have...

Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council pushes...

   Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on...

'Care' - Health Insurance Policy  from Religare Health Insurance
'Care' - Health Insurance Policy ...

  Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and...

Education Plan from Reliance Life Insurance
Education Plan from Reliance Life...

Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

IRDA Exam: Download IC 34 Book as per...

Appearing for IRDA 50 hours examination for Insurance Advisors. You can download the IC34 books...

Max Life Super Term Plan
Max Life Super Term Plan

In an increasingly uncertain world, it is your top priority to ensure that your family continues...

New India Top Up Mediclaim
New India Top Up Mediclaim

SALIENT FEATURES OF THE POLICY This Policy covers In–Patient Hospitalisation Expenses incurred in...

Additional Subjects available in...

Sr. No. Subject Code & Title Credit Points Remark 1 IC 60 - Marine Cargo Insurance...

Online Examination Schedule for December, 2015
Online Examination Schedule for...

     For any queries regarding OnLine Examination please mail at \n This email address is being...

Co-payment in health insurance only after netting hospital discounts: Irdai
Co-payment in health insurance only...

  The Irdai had recently notified that in health insurance policies with co-payment or the...

LIC's recruitment drive for 2 lakh new agents
LIC's recruitment drive for 2 lakh...

With the soaring aim to acquire its market share from private sector companies, Life Insurance...

IRDAI likely to relax corporate agency norms
IRDAI likely to relax corporate...

  The proposed  corporate agency norms that authorizes the  banks to sell a specified percentage...

India nuclear insurance pool with 1500 cr capacity formed
India nuclear insurance pool with...

General Insurance Corporation of India (GIC Re) and 11 other non-life insurers have formed the...

Hannover Re  keen to render reinsurance cover for PMSBY
Hannover Re keen to render...

Hannover Re, the world's third largest reinsurer, has decided to offer reinsurance cover for the...

Capital requirement for health...

The Insurance Regulatory and Development Authority of India (Irda) is on the mind of reducing the...

Insurers keep perpetual bonds at bay

Insurers are staying away from tier-1 perpetual bonds issued by banks because of the lack of...

Guide for Insurance Brokers Exam from...

  Guide for Insurance Brokers Exam from The Insurance Times ( For Online Exam conducted by NIA...

Canara bank inks memorandum with LIC

Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the...

Insurance behemoth's exposure in...

The financial sector has a pride of place in the equity portfolio of government-owned Life...

IRDAI directs health cover discounts...

The regulator IRDAI  in an attempt to provide the best and cost effective services for the...

Correct anomalies in product pricing:...

The Insurance Regulatory and Development Authority of India (IRDAI) has directed the  insurers to...

Psychiatric test for pilots likely...

The cost of insurance for aviation companies may rise if the Directorate General of Civil...

June 1 marks the start of a new...

The new service tax rate of 14% will come into effect from June 1, top government sources said,...

Foreign firms show interest for...

With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have...

Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council pushes...

   Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on...

'Care' - Health Insurance Policy  from Religare Health Insurance
'Care' - Health Insurance Policy ...

  Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and...

Education Plan from Reliance Life Insurance
Education Plan from Reliance Life...

Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that...

Insurers in Japan expand foreign bond...

  Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland...

Insurance deal: Ace to buy Chubb for...

  Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based...

Cancer insurance acquires a key...

  “Cancer insurance is going to be an important segment for the healthcare insurance market and a...

IRDAI moots radical changes in health...

  The regulator is planning massive changes in health insurance, which include more incentive for...

LIC eyes Rs.31,000 cr first premium

  Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as...

Life Insurance Council takes into...

  Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima...

LIC surplus jumps by 10.33%  in FY 15
LIC surplus jumps by 10.33% in FY 15

  Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up...

GIC Re more interested to acquire...

  State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a...

Most Indians without home insurance:...

A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware...

LIC gears up with the recruitment of apprentice officers
LIC gears up with the recruitment of...

  Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice...

Hearing on SBI Life vs Irdai adjourned

The Securities Appellate Tribunal (SAT) has adjourned an appeal against the IRDAI  in a hearing...

Equity investments be called approved...

The Insurance Regulatory and Development authority of India (IRDAI), in its new draft on...

Agriculture insurance coverage needs...

The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of...

GIC profit scales high to 20% in 2014-15
GIC profit scales high to 20% in 2014-15

State owned re-insurer General Insurance Corporation Re (GIC) has announced a profit of Rs.2,693...

DFS paves way for $3 bn inflow into...

The Department of Financial Services (DFS) has given the green signal to Kotak Mahindra Bank's...

XBRL: An Important Tool for Insurance...

Insurance is necessary for protection against future financial loss from injury, illness,...

Review of the draft "Road Transport ...

  1-Introduction On 13/09/2014, Ministry of Road Transport and Highways, Government of India,...

Insurers appeal NDMA for new building...

Non-life insurers, along with the Insurance Regulatory and Development Authority (Irda), will...

West Bengal leads in Rashtriya...

West Bengal has turned out to be the best performer in the  Rashtriya Swasthya Bima Yojana...

LIC commits Rs. 1.5 lakh cr...

Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the...

Govt equipped to handle any disaster...

  The government declared that India, after directing  its rescue and relief efforts in...

Applying for Life Insurance Plans Online: Things to Remember
Applying for Life Insurance Plans...

Buying a life insurance is the first step towards protecting yourself and the ones you care...

Different Ways to Accelerate Retirement Savings
Different Ways to Accelerate...

Planning your retirement savings is an important task, as you have to consider the financial...

LIC under invested in banking stocks
LIC under invested in banking stocks

Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the...

India First Life penalized by IRDA
India First Life penalized by IRDA

The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on...

Pre-existing diseases to get...

  The General Insurance Council has given a uniform definition for pre-existing diseases. These...

LIC leaps to support Indian Equity...

  Life Insurance Corporation of India(LIC), India's largest domestic institutional investor,...

Doubts placed by Companies on biz cap

  As per the recent ordinance passed by the IRDAI on licensing of corporate agents which stated...

Llyod in its journey to India

  Encouraged by the government's decision to push insurance reforms, UK-based re-insurance giant...

More demand of Motor products online

A recent report given by Google India and ICICI Lombard General Insurance  has revealed that in...

Cabinet nods the insurance pension...

The Union Cabinet  had approved the operation of three Centre-sponsored insurance and pension...

LIC organises 55th All India Sr. Divisional Mangers' Conference
LIC organises 55th All India Sr....

The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India...

Bajaj Allianz General net profit...

 Bajaj Allianz General Insurance has posted a 37 per cent rise in profit after tax to Rs 562...

United India declares Rs. 301 cr profit

 United India Insurance Company has reported a profit after Tax of Rs 301 crore in 2014-15. The...

Domestic Travel Guard  from Tata AIG General Insurance
Domestic Travel Guard from Tata AIG...

  A holiday is for a great change away from home. But what do you do if you fall ill...

ICICI Pru Smart Life from ICICI Prudential Life Insurance
ICICI Pru Smart Life from ICICI...

  ICICI Prudential Life Insurance has launched a new dual protection unit linked insurance plan...

Micro Insurance - Will initiatives &...

Micro-Insurance - At the moment in practice:From its origin, the concept of insurance remains...

Sigma 1/2015: emerging markets ready...

The latest sigma study, Keeping healthy in the emerging markets: insurance can help (see download...

SBI take into service PwC for valuation, IAG supports Deloitte for JV
SBI take into service PwC for...

State Bank of India  is ardent to divest further stake in its foreign partner Insurance Australia...

Bharti's insurance ventures' zooms high
Bharti's insurance ventures' zooms high

The Bharti group's stake valuation has gone up multiple times in both life and general insurance...

Half of the world's rural population...

A recent ILO report  has revealed that more than half of the world's rural population (56 per...

LIC sets ambitious target for east zone
LIC sets ambitious target for east zone

With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a...

LIC raises stake in Canara Bank, Bank of Baroda
LIC raises stake in Canara Bank, Bank...

The  Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7...

IRDAI mulling over e-Insurance

Earlier  the concept of E Insurance was piloted in paperless form through insurance repositories....

Global reinsurers firm steps in India...

After receiving licenses from the Insurance Regulatory and Development Authority of India which...

GDP in motor insurance to cross Rs....

The gross direct premium earned by general insurance companies from the motor vehicle industry in...

Insurance Demand

The Federation of West Bengal Trade Association has demanded that all markets owned by KMC should...

Popularizing Health Insurance through...

It was a wonderful spectacle to watch millions of people all over India taking to Yoga even...

Munich Re Confirms Riess as Future...

The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board...

Benett, Coleman to buy majority stake...

Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare...

A single-premium health cover for...

Insurance Regulatory & Development Authority of India (IRDAI)  is on the verge of drawing...

LIC : Towering over the rest

The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life...

Not more than 10% paid-up shares in...

The IRDAI in lieu of the backdrop of the recent hike in the upper cap of foreign direct...

Insurers' valuations may sink

Valuations of insurance companies, tied to banks, are set to plunge, given the new distribution...

Best High Return Investment Options

  Investors often find themselves at cross roads while going through the various investment...

A Comprehensive Guide on Pension Plans

  The basic purpose of pension planning is to create a steady and stable source of income for the...

The importance of insurance to a...

  At times they may seem invincible, but in reality, multinational companies are just as...

Maximize Your Tax Savings in India

Reducing tax liability and maximizing savings in India can done by a three-pronged strategy...

Importance of Family Medical Health...

There has been a rise in lifestyle related diseases and the chances of passing them on to the...

Child Insurance Investment —...

Being a parent is the most responsible job in this world, and every parent has the duty of...

SBI Life Pledges Education to Cancer Affected Children
SBI Life Pledges Education to Cancer...

Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance...

IRDAI to dematerialize High-value insurance
IRDAI to dematerialize High-value...

The Regulator is planning to dematerialize the policies with an annual premium of Rs.50,000 for...

How to Identify Lost or Unclaimed...

  Lost or unclaimed insurance amount as the name suggests are the dormant policy amounts that are...

Health Insurance for Newborn Children...

The birth of a child is always an exciting affair with lots of joy and happiness. However, as a...

Travel Insurance  Policy from Bajaj Allianz General Insurance  Co. Ltd
Travel Insurance Policy from Bajaj...

      Studying abroad in a foreign land entails a lot of risk. Medical expenses in foreign...

Home Shield Insurance from Royal Sundaram Alliance Insurance
Home Shield Insurance from Royal...

      Home Shield is a comprehensive Home Insurance Policy which offers protection to your home...

Association of third party administrators seeks clarity
Association of third party...

The public interest litigation (PIL)  filed in the Bombay High Court by activist Gaurang Damani...

SC declares Compulsory retirement for misappropriation
SC declares Compulsory retirement for...

The Supreme Court has declared a  compulsory retirement to an LIC cashier for misappropriating...

IRDA asks Insurers to devise simple, low cost products
IRDA asks Insurers to devise simple,...

      In a review meeting which was held  on the performance of the public sector insurance...

Life insurers asked to submit data: IRDA
Life insurers asked to submit data: IRDA

The sectoral regulator IRDA has asked life insurance companies to submit data for the last four...

Benefits of Buying Term Life...

      Term life insurance policy is a kind of policy that offers coverage for a limited term (as...

Understanding Mediclaim Better –...

      Investing in a good medical insurance policy has become more crucial than ever, especially...

Disaster Management

      Disaster Management is the discipline of dealing with and avoiding risks. It is a...

E-mail spoofing using the domain irda.gov.org
E-mail spoofing using the domain...

From IRDA: It has come to our notice that certain unscrupulous entities/persons have allegedly...

POST GRADUATE DIPLOMA ON HEALTH INSURANCE IN COLLABORATION WITH UNIVERSITY OF MUMBAI
POST GRADUATE DIPLOMA ON HEALTH...

Health insurance has become a vital component of the Indian insurance industry and is growing at...

Deadline of 60 days for- Life insurance payouts
Deadline of 60 days for- Life...

      At present the mandate demands that all claims have to be settled within six months, and...

Tata AIA life joins hands with Citibank
Tata AIA life joins hands with Citibank

Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to...

One out of every five Private life Insurance claims rejected
One out of every five Private life...

Insurance Fraud has not been seriously addressed in India  Insurers say they are forced to...

LIC  lags private insurers in claims settlement
LIC lags private insurers in claims...

The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has...

Higher FDI will benefit insurers: Moody's
Higher FDI will benefit insurers:...

      The  Moody's Investors Service believes that a higher foreign investment limit is "credit...

Govt staff, tax payers not eligible under PMJDY
Govt staff, tax payers not eligible...

The Financial Services Department of the Finance Ministry has prepared detailed guidelines for...

Excise duty in vehicles segment fades insurers' hope
Excise duty in vehicles segment fades...

The General  Insurance sector which had hoped for a revival of the sales of automobiles in the...

UII organizes mega insurance convention
UII organizes mega insurance convention

United India Insurance organized a mega insurance advisor's convention 'Make India Insure' in...

Benefit from the Income Tax Slabs for...

      When planning your finances, it is important for you to understand tax slabs and...

BMI & Insurance Rates - How does BMI...

BMI which is the body mass index is an important tool considered by insurance companies in...

Partners of Fraud Company Maples...

Kolkata: Partners of Maples Publications, Amit Gupta & Jitendra Malhotra has been arrested by...

Cigna TTK Health Insurance expands in 5 more cities
Cigna TTK Health Insurance expands in...

Cigna TTK Health Insurance a joint venture between U.S. based global health service leader, Cigna...

Bharti AXA Life launches ‘Elite Advantage’
Bharti AXA Life launches ‘Elite...

Bharti AXA Life Insurance, the private life insurance joint venture between Bharti Enterprises...

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