Assure Plus from Future Generali Life Insurance
The plan offers multiple term options to suit your needs. Based on your financial goals, you have the flexibility of paying for a limited period and staying invested for…
Pension business of life insurers plunges 90% to Rs 2,000 cr in FY15
The life insurance industry is bearing the brunt of a 90 per cent fall in pension business due to a special tax treatment for the New Pension System and…
Future Generali eyes growth on economy pickup
Future Generali India Insurance Company, a joint venture between retail giant Future Group and Italian insurance major Generali, expects to post a 20-25 percent growth this fiscal, said the…
SBI Life to Expand Bancassurance by 50%
The country's biggest banking network SBI along with its insurer is planning to expand bancasurance channel by 50% alongside raising the field force by about 10% to push business…
Database to prevent insurance fraudulent claims
The Life Insurance Council, an apex industry body of life insurance companies, is planning to put in place a centralized database of insurance policies by December to detect and…
Aggressive bidding likely for Air India’s $9 bn insurance cover
Insurance companies are getting ready to bid aggressively for Air India $9 billion (around Rs.57,420 crore) cover, coming up for renewal on 1 October. State-run Air India, which floated…
Insurance valuations an enigma: CII-Towers Watson study
A joint study by the Confederation of Indian Industry (CII) and Towers Watson has revealed that even though the upper limit of foreign direct investment (FDI) in insurance has…
Ulips are cheaper, yet not useful
With the stock market going up, unit-linked insurance plans (Ulips) seem to be making a comeback. In recent times, a number of top insurance companies - HDFC Life, Bajaj Allianz…
What constitutes the commission structure applicable for life insurance companies
One of the major changes in insurance rules effected by the Insurance Laws Amendment Ordinance is scrapping of section 40A of the Insurance Act, 1938, that prescribes the caps on…
Life Insurance Council gets executive council
The Life Insurance Council has elected its first Executive Committee. The Executive Committee will have one representative each from Life Insurance Corporation of India (LIC), Reliance Life Insurance, Bharti…