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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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PSU general insurers target 10% premium growth this fiscal (19 April 10:03) |
| A slide in premiums in the general insurance industry due to ongoing price war has not deterred PSUs from setting ambitious growth targets. Indications are the companies are aiming for a 10%... |
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Insurance sector poised for 200% growth to touch Rs2000bn by 2010: ASSOCHAM (17 April 02:25) |
| The private insurance players despite the sector is still regulated has been offering rate of return (RoR) to its policy holders which is estimated at about 35% as against 20% of domestic in... |
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Indiabulls forays into life insurance with Soc Gen (17 April 08:16) |
| Indiabulls Financial Services Limited (IBFSL), one of the largest financial services companies in the country with a net worth of close Rs 4000 crore has sealed its alliance with the Sogecap... |
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Bajaj Allianz ties up with SKS Microfinance for micro insurance (15 April 03:42) |
| Bajaj Allianz Life Insurance, one of India s leading private sector insurance company, and SKS Microfinance, one of the fastest-growing microfinance companies in the world, have joined hands... |
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ICICI Prudential Life s new business premium grows by 68% in FY08 (15 April 03:39) |
| The corresponding New Business Annualized Premium Equivalent for FY08 stood at Rs65.19bn, registering a growth of 49% over the last year. |
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Senior citizens complain of IRDA diktat on health rates (15 April 08:00) |
| But senior citizens are complaining that there are too many conditions and that the rollback has come too late |
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Cover points (13 April 08:04) |
| With investors becoming more discerning and their financial transactions turning more complex, |
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Insurance cover: Window to the world (11 April 08:20) |
| It s mandatory to take an overseas insurance in before visa application in all of the 15 Schengen countries, which include France Germany and Finland. This cover could really come in handy a... |
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Aviva s captive on sale (10 April 09:01) |
| Aviva was learnt to have been exploring various options, including a sale of its facilities at Chennai, Pune and Noida to the respective vendors servicing them, before deciding on this cours... |
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Rel Life premium up 195% in FY08 (10 April 08:59) |
| Despite the high growth this year the assets under management are still at around Rs 3,200 crore because of a small base. |
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Kotak Life Insurance records 88% growth (09 April 05:11) |
| Buoyed by the strong growth trend it witnessed in the recent months, the Company is targeting 100% growth in the new fiscal. |
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