IRDAI grants licence to new General Insurers
IRDAI has granted new license to 2 new General Insurers Acko General Insurance and Go Digit General Insurance. Earlier in the month of may IRDAI had granted licence to DHFL…
15-18% growth rate in Life insurance
Ratings agency - ICRA projected a 15-18 % growth rate of new business of Life insurance sector on an Annualised Premium Equivalent (APE) basis for FY18, whereas, the general insurance…
ICICI Lombard tops among the private sector players
Amongst the private sector players, the ICICI Lombard topped charts with a total underwritten premium of Rs.1,010 crores. Bajaj Allianz and HDFC Ergo General mobilised Rs.590 crores (Rs.598 crores) and…
Karnataka Bank & PNB MetLife to jointly cover the loan liability the customers provide insurance cover for borrowers
Met Loan and Life Suraksha (MLLS) is a single premium plan covering the loan liability of a customer as launched by the Karnataka Bank and PNB Met Life. Another app…
To all General Insurers
Time limit for filing Returns under Regulation 21 of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015 Attention is drawn to the provisions of IRDAI (IIISLA) Regulations, 2015 wherein insurers…
Risk Based Capital over Traditional Approach in Insurance Sector
Sonjai Kumar is a Risk Professional with 24 years of experience in Life Insurance Sector focusing on Insurance, Risk and Actuarial. He is currently working at Aviva India Life Insurance…
35% hike in premium income of Edelweiss Tokio
In the first quarter of the current year, Edelweiss Tokio Life Insurance Company reported the premium income increased by 35% and it is expected to increase more in this run…
Underwriting losses as warned by Ministry of Finance
Recently in a letter to the chiefs of PSU non-life insurers by the Department of Financial Services, it was mentioned that “It has been brought to the notice of this…
Clarifications on Guidelines on insurance e-commerce and electronic issuance of insurance policies
To All the Life Insurers, Re: Modification to Guidelines on Point of Sales (POS) – Life Insurance Products Reference is invited to - Section 2 (i) – ‘Categories of…
AUM crosses Rs. 1 lakhs for SBI Life
SBI Life Insurance's bancassurance sales rose at a compounded annual growth rate (CAGR) of 46.7% from Rs 1,944 crores in FY2015 to Rs 4,185 crores in FY2017, as compared with…