LIC Mutual Fund’s small town hope
LIC Mutual Fund has set a target for Assets Under Management (AUM) of Rs. 35,000 crores by the end of current fiscal year, fuelled by systematic investments from investors in…
Insurance Regulator Provides Some Relief To Ulip Holders
Policyholders, who had put in money in unit-linked insurance plans (Ulips) and discontinued later, have a reason to cheer. The Insurance Regulatory and Development Authority of India (Irdai), through a…
Max Bupa Group Contend Over Generic Drug Prescription
Max Bupa Health Insurance, New Delhi for reimbursement of claims has asked hospitals to prescribe medicines only with their generic names The notice is actionable with immediate effect. The Hospitals…
GUIDE FOR DIRECT RECRUIT EXAM IN GOVT. INSURANCE COMPANIES
The Insurance Times group has entered into 34 years of successful publication of journals and books on Insurance in India. The journal has a PAN India circulation and is the…
Haryana Government to offer health insurance scheme for poor
The State government in Haryana has decided to implement a health insurance scheme to provide free healthcare services to the poor. The cost of premium shall be borne by the government. Chief Minister Manohar…
Luckow University extends health insurance to all students
Luckow University has decided to extend health insurance cover to over 30,000 students pursuing different undergraduate, post- graduate and doctoral level courses from its campus. Earlier the insurance cover was available to only 7,000 first-year undergraduate students…
Unclaimed Amounts of Policyholders
IRDAI has issued various directions regarding the Unclaimed Amounts of Policyholders from time to time. IRDAI has consolidated and issued a Master Circular. The Government of India has brought in…
IRDAI’s consumer booklet highlights misselling as major problem for insurance industry
Misselling is a huge problem for the insurance industry as, of 1.72 lakh complaints in 2016-17, about 50% related to unfair business practices, according to IRDAI's consumer booklet 2016-17. SBI…
New Business Premium Up by 6% for Life Insurers
The new business premium of life insurance companies grew 6 % to Rs 33,156 crore in the June quarter, compared with a year-ago, boosted mainly by the performance of the…
Claim ratio in Pradhan Mantri Yojana hits an increase up to 170% in FY17
The claims-to-premium ratio for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) — a term life insurance policy — hit an unsuitable 121 % in 2016-17, the second year of…