Health insurers yet to make a mark in rural markets in India
Even as Government-backed health insurance has picked up, general insurers still find the going tough in rural and semi-urban markets.
Health insurance is still a major loss contributor
Mr Ashok Kumar Roy, General Insurance Corporation's new Chairman and Managing Director, wants his organisation to be among the top five companies in the world over the next decade.
Royal Sundaram general insurance counts on retail health segment for growth in FY13
Royal Sundaram General Insurance, which was one of the very few general insurance companies to clock profits in 2011-12, is banking on the retail health insurance portfolio for growth in…
Kotak Life Insurance net profit grows to 109%
Private insurer Kotak Life Insurance posted 109 per cent growth in profit after tax for FY12 which stood at Rs 211 crore over that of the previous fiscal.
Motor Accident Claims Tribunal (MACT) awards Rs 12 L compensation in mishap case
Family members of an MCD employee, who was crushed to death in a road accident by a rashly driven bus in 2006, have been awarded a compensation of over Rs…
IDBI Federal insurance launches its first online plan ‘Termsurance Seniors Insurance’
Taking a step forward towards online insurance sale, a leading insurer, IDBI Federal Life Insurance Company has announced the launch of its first ever online product 'Termsurance Seniors Insurance Plan'.
LIC to bring anytime anywhere facility soon
Life Insurance Corporation of India (LICI) is all set to bring 'anytime anywhere' facility to its customers. This feature will facilitate the customers to pay or access its services from…
LIC launches single-premium plan ‘Jeevan Vaibhav’
Life Insurance Corporation of India (LICI) launched a new non unit-linked single premium product 'Jeevan Vaibhav'. The minimum premium amount for the plan is approximately Rs 95,000.
Top pvt life insurers shut 1,500 branches in 2 years
With “profitable growth†replacing “expansion drive†as the buzzword in the sector, the country’s top private life insurers have significantly reduced branches and employees over the last couple of years…
Web enabled facility to ascertain insurance particulars of motor vehicles
Insurers are aware that the Insurance Information Bureau (IIB) which acts as insurance data repository of the Authority has been engaged in collecting, collating and compiling inter alia motor insurance…