Cell phones as catalyst for an insurance revolution
The Insurance Regulatory and Development Authority (IRDA) estimates that the total life policies in force as of end of March ‘11 is about 25.32 crores. It means that majority of…
Decks being cleared for cashless medical insurance at nursing homes
The Association of Medical Consultants (AMC) has organised themselves into a cohesive group so that those with medical insurance can get cashless service at nursing homes run by them in…
Young, lower income groups prefer online insurance: Bajaj Allianz Life
The online channel has gained popularity among insurance-seekers in the lower income brackets, particularly those earning under Rs 5 lakh, a trend analysis conducted by Bajaj Allianz Life Insurance has…
Govt to take up insurance brokerage FDI in March
The government plans to include granting permission for foreign direct investment (FDI) upto 26% in the insurance broking sector under the automatic route in the consolidated FDI policy scheduled for…
Budget must review service tax, VAT and GST: Sanjay Kaul
The fertiliser and pesticides sector has hogged attention alright, but experts agree it is the agriculture sectorthat needs to grow at beyond 3% to help the country clock a gross…
IRDA’s health insurance guidelines: Key consumer centric points ignored
The Insurance Regulatory and Development Authority (IRDA) came out with landmark draft health insurance guidelines on 31st May 2012. While it addressed numerous important issues like lifelong renewal, claims settlement…
Health insurance firms must settle claims directly with policyholders, rules court
Insurance companies will be required to pay health claims directly to consumers, according to a Bombay High Court judgment delivered on a public interest litigation. Earlier, such claims (reimbursements of…
Max Life Insurance Apr-Dec profit before tax at Rs 657 cr
Max Life Insurance reported a 15 per cent rise in profit before tax (PBT) at Rs 657 crore in the first nine months (April-December) of the current fiscal.
Government to ensure refiners running Iran crude get insurance: Source
India will ensure its refiners have insurance for plants that run crude from Iran, a government source said recently, allaying fears that imports from the sanctions-hit country may have to…
Insurance sector looking for remunerative tax incentives
The Indian insurance sector is looking for remunerative tax incentives in Budget 2013-14 to boost sales volumes and increase penetration. While life insurers demand separate deduction limits for long-term insurance…