United India Insurance adopts village for financial inclusion
United India Insurance Company has taken various initiatives and the latest is “ADOPTION OF VILLAGE FOR FINANCIAL INCLUSIONâ€.
Committee on electronic issuance of insurance policies
Reference is invited to Clause No.12 of the Guidelines on "Outsourcing of Activities by Insurance Companies" issued vide Ref:IRDA/LIFE/CI R/GLD/013/02/2011 dated 15t February,2011, wherein it is stated that the guidelines…
Guidelines on Outsourcing of Activities by Insurance Companies
INTRODUCTIONInsurers in India are increasingly using outsourcing, as a means of both reducing cost and accessing expertise, not available internally and achieving strategic aims. 'Outsourcing' may be defined as “Insurer’s…
Creation of Reserve for Unexpired Risk (URR) by the Non-life Insurance Companies for Health Segment
IRDA CIRCULAR: Authority vide Circular No. IRDA/F&A/CIR/49/Mar-09 dated March 24, 2009 had relaxed the requirement of Section 64(1)(ii)(b) of the Act for computation of Reserve for Unexpired Risk for Health…
Future Generali to celebrate Insurance Week
Mumbai, January 29, 2011: Here are some startling facts about dismal Insurance penetration in our country that served as a starting point for us to do something radically different as…
Valuation of Premium Receivable from Central / State Government for Computation of Solvency Position
Various general insurance companies are running health insurance schemes which are sponsored/subsidized by Central/State Government. However, the premium of such schemes are not paid upfront but paid at a later…
Indians are becoming more aware about their health and health care needs and are increasingly using Internet to seek answers
New international research released today by Max Bupa has found that of more than one third Indians (39 %) go online for health information. The percentage of people using the…
Shriram Life Insurance Co. Ltd. Signs MoU With Tamilnadu Cooperative State Agriculture & Rural Development Bank Ltd
Shriram Life Insurance Co. Ltd. (SLIC), a joint Venture between Shriram Group and Sanlam Group, South Africa, today signed an MOU with Tamil Nadu Cooperative State Agriculture & Rural Development…
Insurers include funeral in personal accident policies
Insurance companies now offer to cover funeral expenses under health and personal accident policy.
Canara HSBC Oriental Bank of Commerce Life Insurance Appoints John Holden as Chief Executive Officer
New Delhi, January 18, 2011: Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited – a joint venture between two of India’s largest public sector banks, Canara Bank and…