SBI Life Insurance to launch four new products
SBI Life Insurance will soon be launching a host of plans across savings, protection and pension platforms. The products have been filed with the Insurance Regulatory and Development Authority (IRDA)…
Insurance Articles: Banks as a shop for insurance
The concept of insurance plans being sold through banks is called ‘bancassurance’ and there is a lot of interest in this distribution channel from all the stakeholders - customers, banks,…
IRDA puts reforms on fast-track mode
Late last week, the regulator sent out six draft regulations on standardization of products, product design, investment norms, bancassurance and reinsurance. The Insurance Regulatory and Development Authority (IRDA) is moving…
IRDA gives options for bancassurance tie-ups
The insurance regulator has come put with a revised set of draft regulations on bancassurance tie-ups. Bancassurance refers to  the arrangement through which banks sells insurance products. The Insurance Regulatory…
IRDA News: Govt to rewrite life insurance norms
Along with retail and aviation, the insurance sector is set to see an overhaul following a finance ministry intervention. The sector has been characterised by dwindling sales in the past…
Bancassurance tie-up will depend on final norms: Malay Ghosh
Reliance Life, the life insurance arm of ADAG’s Reliance Capital, says it is busy integrating the best practices of Nippon Life, its new partner. Malay Ghosh, president and executive director,…
Banks ask borrowers to cover their personal loans, overdraft facilities
The banking sector, reeling under a rise in non-performing assets (NPAs) from the corporate sector, is seeking to hedge loans to individual borrowers. Increasingly, borrowers are being asked to buy…