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Cos now want employees to share health insurance bills (02 March 08:13) |
| The cost of group health insurance has jumped 15-20% in the past 12 months |
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PSU insurers to appoint third party administrator (28 February 08:23) |
| subsidiary or a model based on PPP or a joint venture could help them in achieving effective and better control over data, pricing, incurred claim ratio |
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MNYL Insurance unveils EFT facility for claims settlement (26 February 11:30) |
| The idea behind launching EFT is to cut down on the settlement period to ensure smooth and hassle-free settlement of claims |
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ICICI Pru launches ICLAIM service via SMS (24 February 02:27) |
| The SMS service provides assistance and prompt resolution on claims to policyholders whenever a claim situation arises |
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ICICI Pru bundles Systematic Transfer Plan with Prudential Income Opportunities Fund (24 February 11:52) |
| The primary objective of the fund in the current scenario is to help investors ride on fixed income volatility and seek return with a dynamically managed income fund while gaining gradual an... |
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Cos pep up unit-linked insurance schemes (24 February 08:30) |
| Companies like Tata AIG and ICICI Prudential Life are betting on reviving the ULIP market by offering lower risks and higher return potential. |
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Pvt banks offer card cover to woo users (21 February 10:20) |
| Recognising these needs, private banks such as Kotak Mahindra, Citibank, Standard Chartered and HSBC are offering card protection to their customers at less than Rs 3 per day. |
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IRDA takes precautions to prevent scams:Dr.R Kannan (19 February 06:36) |
| This is being done to establish that pension fund manager do not resort to Satyam type of scam and misappropriate public contributions |
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IRDA takes precautions to prevent scamsDrR Kannan (19 February 06:36) |
| This is being done to establish that pension fund manager do not resort to Satyam type of scam and misappropriate public contributions |
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Tata AIG unveils Tata AIG Life InvestAssure Apex (18 February 02:27) |
| This means that on predecided date in each calendar month the NAV of the Apex Return Lock-in Fund will be recorded for 100 calendar months and the highest NAV among the 100 NAVs will be guar... |
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MNYL unveils Smart Move internship program (17 February 04:49) |
| Max New York Life also announced the first collaboration for this program with IGNOU to offer internship to over 10,000 students |
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IDBI Fortis launch business on Mastek solution (21 May 04:52) |
| Mastek Elixir, is a component-based solution for policy administration specifically targeted to insurance companies that want to launch hybrid products and improve the efficiency of the... |
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Insurers run for cover as lapsed policies pile up (21 May 08:29) |
| Insurance firms across the board are losing out on a large amount of business, as their clients fail to renew policies after a year or two. |
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Future Generali launches Mallassurance initiative (20 May 12:19) |
| Future Generali is a joint venture between the Global Insurance Major, Italy-based Generali Group and India-based leading business house, the Future Group. |
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ULIP success helps insurers rake in more premium (17 May 08:02) |
| For the first time, annual premium per policy of the insurers put together surpassed the five-digit barrier, averaging Rs 11,729 in FY08 |
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Insurance cos calculate running age for premium (17 May 08:01) |
| A public sector insurer started calculating and charging premium on the basis of an insurance applicant s running age, against the normal practice of completed age |
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More banks eye non-life insurance businesses (17 May 08:00) |
| Banks lending to borrowers for creation of assets, have captive customers for their non-life ventures, since these borrowers would need to protect or secure their assets |
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Clients cheer as insurance gets the Net edge (16 May 08:36) |
| Insurance broking firms Optima Risk Management and Bonsai Insurance Broking services have managed to tie up with insurance companies, allowing buyers to purchase cover directly over the inte... |
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LIC, Corporation Bank ties-up with PayMate (15 May 05:48) |
| The customer instantly receives a reply confirming the premium amount due and asking for payment authorization by replying with the PayMate PIN (given at the time of registration for the ser... |
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Max New York Life Insurance strengthens management team (15 May 05:30) |
| Plan to invest Rs26.50bn in the next few years to drive aggressive expansion |
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Get up, going with accident cover (15 May 09:33) |
| The premium (one time) for a personal accident insurance policy (PAIP) with Rs 3-lakh cover would work out to Rs 1,125 for a 3-year period, Rs 1,500 for a 4-year period and Rs 1,875 for a 5-... |
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Allianz Life Insurance ties up with Maharashtra State Co-operative Bk (14 May 03:23) |
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SBI ties up with Insurance Australia for non-life biz: report (13 May 10:23) |
| These two companies are expected to announce their partnership soon |
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J Harinarayan seen leading race for IRDA top post (13 May 08:25) |
| Mr Harinarayan was the chief secretary of Andhra Pradesh (AP) government and he assumed charge of the post in August 2006. |
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Insurance products may soon be sold over the net, phone (13 May 08:22) |
| Although insurance companies sell some products online, they are not able to sell all products on the net as existing laws require a signed proposal form. |
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Govt may allow pension fund withdrawals (12 May 08:55) |
| Allowing withdrawals from Tier-I account was one of the recommendations of the Standing Committee on Finance, when the PFRDA Bill was referred to it. |
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Union Ministry of Textiles, ICICI Lombard unveil health insurance scheme (09 May 04:58) |
| The scheme christened as Rajiv Gandhi Shilpi Swasthya Bima Yojana would be the first ever health insurance initiative for the artisans in the country |
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S. B. Mathur takes charge as Secretary General - Life Insurance Council (09 May 04:11) |
| Sunil Behari Mathur, former Chairman, Life Insurance Corporation and a veteran insurance professional has taken over as Secretary General Life Insurance Council. S. V. Mony who spearheaded... |
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Tata AIG plans to launch exotic lifestyle covers (09 May 08:28) |
| Tata AIG s strategy, when it comes to mass retail markets, is to target products that are pre-underwritten. |
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LIC and Corp Bank launches Payment of LIC Premium through SMS (08 May 06:15) |
| Corporation Bank is presently offering the LIC Premium payment through two delivery channels ATMs & Internet Banking. The Bank started this facility way back in 2003 thus becoming the f... |
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Canara, HSBC, OBC get nod for life insurance JV (08 May 05:15) |
| The new company, to be called Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited, has already been capitalised at Rs3.25bn |
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LIC to offload stake in IFCI: report (08 May 10:58) |
| According to report, it is learnt that the insurance major has approached the IFCI management to reduce its holding from 11.39% to 8.39%, the level it was at prior to conversion of debt into... |
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60% of salaried class opt for govt banks for insurance (07 May 02:43) |
| The ASSOCHAM Study on the subject has also revealed that 50% of the salaried employees prefer Private Sector for mutual fund while only 20% prefer Public Sector Banks for the same |
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The fear factor: Insurance sale going agents way? (07 May 08:33) |
| Private life insurers spent a total of Rs 350 crore last year and 65% of the same was on TV commercials. |
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Birla Sun Life Insurance increases market share to 6.6% for 2007-08 (06 May 10:27) |
| This increase in market share is reflected in both its individual life and group businesses. The individual life business has a market share of 6.6 % amongst private players, while the group... |
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Insurance agents instill fear in clients (06 May 08:42) |
| Insurers collect a certain premium for terms covers, which is non-refundable. |
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Exchange vows under full cover (06 May 08:31) |
| Industry estimates that an average middle-class family spends a minimum of Rs 10 lakh for a wedding ceremony. |
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Max New York Life Insurance introduces SMART Assure (05 May 02:12) |
| The customer value proposition of SMART Assure is further strengthened with its unique features of efficiency, affordability and flexibility in handling the consumers complex financial need... |
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Birla Sun Life MF ties up with J&K Bank (05 May 02:05) |
| Birla Sun Life MF products to be available at select branches of J&K Bank |
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Bajaj Allianz ties up with Sarva UP Gramin Bank (05 May 12:24) |
| Bajaj Allianz Life Insurance, Sarva U.P. Gramin Bk to distribute life insurance solutions across UP |
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Munich Re, Hero Group to jointly sell life insurance in India (02 May 03:57) |
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SBI may partner Insurance Australia Group for non-life insurance JV (02 May 07:58) |
| Sources said that the foreign partner would pay a premium for its 26% stake |
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SBI Life FY08 net profit soars (30 April 09:35) |
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Fractal Analytics organizes insurance industry event Forrader (25 April 04:11) |
| Forrader was attended by experts from the insurance industry, who showcased their opinions on insurance trends and practices in the backdrop of the detariffed regime |
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IFFCO-TOKIO launches micro-insurance product (22 April 03:06) |
| JANATA BIMA YOJANA, - Chinta ki kya baat hai, jab janta bima saath hai, Choti kimat badi suraksha - a micro-insurance policy aimed at empowering the masses for protecting themselves financ... |
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Max New York Life registers 70% growth in individual FYP (22 April 02:14) |
| The adjusted individual FYP for FY 2008 stood at Rs13.08bn as compared to Rs7.69bn during previous financial year |
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State-run general insurance firms may review pricing strategy (21 April 08:16) |
| The consumer may not be the king forever, as far as the falling premiums on general insurance polices are concerned. A prolonged price war may prompt state-owned general insurance companies ... |
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Service tax on Ulips likely to fall (21 April 08:02) |
| The government is working on a proposal to provide partial relief to insurance companies that have to pay service tax on the charges they collect for managing Ulips investments |
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Premium free-fall augurs ill for industry (21 April 07:58) |
| The consumer may not be king forever, as far as falling premiums on general insurance polices are concerned. A prolonged price war may prompt state-owned general insurance companies to revie... |
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Indiabulls signs insurance JV agreement with SocGen unit (19 April 12:15) |
| The company together with its promoters / associates will hold 74% while Sogecap will hold the remaining 26% in the JV |
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