Munich Re posts profit of over €2.4bn for 2010 and raises dividend to €6.25
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (previous year: €2.56bn), despite substantial major losses.
Forum Penalises ICICI Lombard General Insurance Co. Ltd
The Consumer Disputes Redressal Forum, Ahmedabad City, deciding on a complaint filed by Consumer Education and Research Society (CERS) and Deepak Kanayalal Khatwani, has directed ICICI Lombard General Insurance Company…
File and Use procedure for Insurance schemes sponsored by Governments
All the insurers are required to comply with the File and Use procedure for each product that is being offered in the market.
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…
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…
Commercial – Standard Fire and Special Perils Policy from Universal Sompo General Insurance Co. Ltd.
The fire insurance policy covers all immovable and movable property located in a particular premise such as buildings, plant and machinery, furniture, fixtures, fittings and other contents, stocks and stock…
Under Insurance aspect with respect to Marine Cargo Policies Is sum insured average applicable to Marine Cargo Policies
Though Marine Cargo Policies are in principle devised on agreed valued basis, in policies covering especially second hand Machinery under Marine Policies, under Insurance or sum Insured average is quite…
Health care system of India
Healthcare system of India is a mess. Results of the National Sample Survey 60th round bring out the picture in black and white. On the one hand, morbidity, which measures…