According to a new report from WealthInsight, Indian millionaires are expected to grow at a strong pace, forecasting a growth rate of 34.2% to reach 358,057 individuals by 2018. Not…
Instead of selling the same insurance products across various distribution channels, insurance companies are mulling offering their products exclusively in one channel for the benefit of a…
In a bid to cut down their health insurance bill, buyers are increasingly turning to family floater policies - covers where a single sum insured is available for all members…
Around 65 per cent of health insurance policy holders in the country are covered by private insurers while public sector insurers cover only 35 per cent of this population, according…
Life Insurance Corporation of India (LIC) has bought debt worth about Rs 4,300 crore in state bond auctions conducted by the Reserve Bank of India (RBI), starting the fiscal with…
Insurance Regulatory and Development Authority of India has initiated a study regarding the subsidization of premium for group insurance policies. The insurance regulator said a number of complaints have…
The finance ministry has rescinded the insurance regulator's decision to withdraw third party insurance pool. The move will give a temporary benefit to the transport operators ahead of the general…
IRDA has formed a working group to review 'File & Use' (F&U) guidelines to ensure availability of simple products in the general insurance category. The Insurance Regulatory and Development…
The Insurance Regulatory and Development Authority is likely to make it mandatory for life insurance companies to tie up with all five insurance repositories. The insurance repository system lets…
The online insurance market in India is already in excess of Rs.700 crore. While life insurance sales contribute around Rs.300 crore, motor insurance around Rs.250 crore, other insurance lines such…