Year 2017 may be costliest year for insurers
With its string of hurricanes, floods and other weather shocks, 2017 may be the most expensive year on record for disaster losses, insurance experts warned. Hurricane Harvey in Texas alone…
IRDAI committee for waiver of compulsory cession for certain classes
The Reinsurance Expert Committee appointed by IRDAI has proposed that the stipulation of order of preference for reinsurance cessions — or compulsory cession of business to GIC RE — could…
PMVVY, An 8% Pension Scheme From LIC: Should You Opt For It?
The government's 8 per cent pension scheme for senior citizens, called Pradhan Mantri Vaya Vandana Yojana (PMVVY), is open for subscription. LIC operates the scheme. Under the PMVVY scheme, senior…
ICICI Bank Prudential said to weigh sale of 6% stake in ICICI Prudential Life
ICICI Prudential Life Insurance Co.’s two biggest shareholders are weighing a sale of about a 6% stake in the Indian insurer, according to people with knowledge of the matter. Prudential…
Chola MS General Insurance Honoured with Golden Peacock Award for Risk Management 2017
Chennai, Tamil Nadu, India Cholamandalam MS General Insurance Company Limited has been awarded the prestigious “Golden Peacock Award for Risk Management” for the year 2017. The Golden Peacock Awards were instituted in…
An Empirical Study on Life Micro Insurance: With Special Reference to Rural Market of Allahabad
“The future lies with those companies who see the poor as their customers.” Prof. C.K. Prahalad Introduction In every economy, insurance plays a crucial role in the life of their…
Reliance Nippon Life Whole Life Income
5 reasons to buy We constantly think about the well-being of our family. And that concern does not come with a time stamp. We wish to take care of their every…
LIC’s New JEEVAN MANGAL PLAN – MICRO INSURANCE PRODUCT
Introduction: LIC’s New Jeevan Mangal is a protection plan with return of premiums on maturity, where you may pay the premiums either in lump sum or regularly over the term…
MOTOR SEGMENT: A GAME CHANGER FOR THE NON LIFE INSURANCE INDUSTRY
The core of the motor insurance business, which is accident risk, is clearly at risk. Motor Insurance 2.0, a joint report by The Boston Consulting Group and Morgan Stanley, written…
Shriram Life Immediate Annuity Plus
What is Shriram Life Immediate Annuity Plus? Shriram Life Immediate Annuity Plus is a non- linked and non-participating single premium immediate annuity assurance for individuals. The plan aims to provide…