LIC agents oppose Bill
The Life Insurance Agents’ Federation of India (LIAFI), South Central Zonal Council, has said the Insurance Laws (Amendment) Bill, 2008, proposed to be tabled in Parliament would affect the Life…
Global body pitches for hike in FDI cap in insurance
Pitching for higher FDI limit in India's insurance sector to 49 per cent, a global body of insurers has said the hike will generate more jobs and enhance the country's…
Bajaj Allianz to pay Rs 16.65 lakh compensation to road mishap victim’s family
The family members of a businessman, who died in an accident with a rashly driven tractor in 2009, have been awarded a compensation of over Rs 16 lakh by a…
MFs seek KYC easing, in line with insurance sector
The mutual fund (MF) sector has again indicated that compared to the insurance sector, it is being treated in a step-motherly manner. This time, it is a Budget proposal that…
No denial of new health insurance till 65 years
The Insurance Regulatory and Development Authority (IRDA) has finalised and gazetted various new rules for the segment.
INDIAN INSURERS SHOULD SPREAD THEIR BUSINESS ABROAD
Recently the insurance regulator has suggested that Indian insurers should look overseas and expand their international footprints. This is time now when our homegrown insurers should look at overseas countries…
Concept of Enterprise analysis of Actuarial Science
With Static Analysis, each component of the insurer's operations were examined separately. Reserving actuaries produced reserve indications, and financial analysts estimated investment returns.
Public sector insurers to open 1,800 branches in next fiscal
India's largest insurer Life Insurance Corporation of India (LIC) and four public sector general insurance companies will open around 1,800 branches by the end of the next financial year to…
Budget Analysis: Mixed sentiment for insurance companies
The insurance sector seems to have mixed feelings for Budget 2013. While the opening up of the bank insurance route has been hailed as a key reform. The lack of…
Chidambaram to hard sell India to domestic, foreign investors
Three days after the Budget, Finance Minister P Chidambaram today outlined his agenda for action: Get public sector and private companies to invest, ask foreign investors to pump money into…