• Chennai, March 19 (IANS) The insurance regulator must come out with proper norms to ensure that private players invest in long-gestatation projects like infrastructure deveopment since this was one of the underlying reasons for hiking foreign equity cap in the sector, experts maintain. Thuas far, the promise of doing their …

  • Chennai, March 16 (IANS) With the broad-basing of the Life Insurance Council and the General Insurance Council with members drawn from other segments of the insurance industry, will they still represent the interests of insurers is the question now, say industry officials. As per the recently amended insurance laws, the …

  • The competitiveness of Inddia's insurance sector IANS - Mon 16 Mar, 2015 6:32 PM IST

    The enactment of this bill has the potential to be a historic game-changer for India's insurance industry. India has a long history of the thought and practice of insurance. It was the precursor to the modern day insurance industry. The sector, during the British era, had quite a number of life and general insurance …

  • Obamacare's new 'special' sign-up period for tardy CNBC - Fri 13 Mar, 2015 11:42 PM IST
    Time's up! Paying that Obamacare tax penalty

    People who only now are learning they owe an Obamacare penalty for 2014 will get another chance to sign up for insurance this year.

  • New Delhi/Chennai, March 12 (IANS) Parliamentary approval was accorded on Thursday to the insurance law amendment bill, with the Rajya Sabha, despite opposition protests, adopting the measure hiking the foreign equity cap on domestic companies from 26 percent to 49 percent. India Inc hailed the bill's passage as a major …

  • Chennai, March 12 (IANS) It seems the proverbial seven year itch made both houses of parliament pass the long pending insurance bill into a law, an industry official said on Thursday. The Insurance Regulatory and Development Authority of India (IRDAI) was in the process of drafting around 40 regulations, the official said. …

  • Chennai, March 12 (IANS) The passage of the insurance bill by parliament allowing increase in foreign direct investment (FDI) to 49 percent and other provisions is expected to nearly double insurance penetration in five years time, said a top official of life insurance industry body. Already 10 life insurers from different …

  • Chennai, March 7 (IANS) India's insurance regulator has clearly vetoed the Supreme Court's powers to hear appeals against the decision of Securities Appellate Tribunal (SAT) under its Insurance Marketing Firm (IMF) regulations for non-grant of fresh/renewal licence to operate, legal experts say. According to them, the …

  • If you live in California, you can now buy car insurance … Business Insider - Fri 6 Mar, 2015 1:40 AM IST

    Google has officially rolled out the car...

  • Insurance bill passed in Lok Sabha IANS - Wed 4 Mar, 2015 7:44 PM IST

    New Delhi, March 4 (IANS) The Lok Sabha on Wednesday passed the insurance sector amendment bill, which seeks to hike the foreign equity cap on domestic companies from 26 percent to 49 percent, despite opposition protests. The bill now faces a crucial test in the Rajya Sabha, the upper house, where the ruling Bharatiya …

  • 3-Year motor cover launched India Today Group - Tue 3 Mar, 2015 4:03 PM IST

    Two-wheeler owners can soon buy a motor insurance policy for a period of three years.

  • Chennai, March 2 (IANS) The Insurance Marketing Firm (IMF), a new insurance distribution channel, can sell only retail lines of general insurance products and existing agents cannot migrate to it without surrendering their licence, according to the regulations governing the IMF. Sectoral regulator Insurance Regulatory …

  • Chennai, Feb 23 (IANS) Insurance Australia Group (IAG), the foreign joint venture partner in SBI General Insurance, has started talks with the State Bank of India (SBI) for hiking its stakes to 49 percent, said a senior company official Monday. "Talks with State Bank of India have commenced on increasing the stakes in …

  • Chennai, Feb 21 (IANS) Directing private life insurer SBI Life Insurance Company Ltd. to refund excess commission of Rs.275.29 crore to policy holders, the Indian insurance regulator Friday reiterated that it has necessary powers to pass such an order under the Insurance Act. In a letter to SBI Life, the chairman of Insurance …

  • For The Record Investor's Business Daily - Sat 14 Feb, 2015 5:21 AM IST

    For The Record: Those planning for retirement should consider cash-value life insurance among other tools, according to Ali Hashemian, co-founder and managing partner at Los Angeles-based Profectus Financial. ...

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