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Showing posts from October, 2008

U.K. insurance major eyes India (The Hindu)

Insurance News - Thu, 10/23/2008 - 01:23 LONDON: Amidst economic slowdown, British insurance major Legal & General is looking to India as a source of growth and is likely to recruit over 5,000 professionals from the country in the next five years. L&G, which employs 8,000 ... Categories: Insurance , News
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Credit insurance dries up for exporters (rediff.com)

Insurance News - 2 hours 55 min ago With the global financial crisis hurting more companies in developed countries, Indian insurance firms have hiked premium rates by 25-30 per cent for export credit insurance covers and have imposed a host of restrictions such as maximum liability and credit limit in case of single buyers. Categories: Insurance , News
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Insurers playing safe as mkt dips

Insurance Research & Analysis - 1 hour 20 min ago Concerned over the recent downturn in the stock market, life insurance companies have started re-balancing their portfolios which are heavily tilted towards the unit-linked insurance plans (Ulips). Categories: Insurance , News , Personal Finance
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Micro Insurance: Agenda for the future of underprivileged

Insurance Research & Analysis - 1 hour 20 min ago Micro Insurance mainly covers people who work in the informal economy as there is no effective mechanism to reach them systematically. Moreover, many of them are self-employed or are working in informal businesses.img src="http://feeds.feedburner.com/~r/is-ITSector/~4/419010245" height="1" width="1"/ Categories: Insurance , News , Personal Finance
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Treatment of partnership insurance (The Hindu)

Insurance News - Mon, 10/20/2008 - 01:06 Ours is a partnership firm. To protect the interest of the firm on the untimely death of any of the partners while settling his account, an insurance policy for Rs. 1 lakh was taken in the name of each partner and the premium is being paid by ... Categories: Insurance , News
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R-Capital may halve proposed $1-bn PE fund (rediff.com)

Insurance News - Mon, 10/20/2008 - 10:22 Having received permission to expand the asset management business to Singapore and the United Kingdom, Reliance ADA Group is also planning to enter the Gulf market via Dubai International Finance Centre. In addition, it wants to take its life insurance business overseas. By the end of the year, the group is planning to seek at least one licence in either South-East Asia or West Asia. Categories: Insurance , News
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Daimler, LIC may skip Tata Motors rights issue (rediff.com)

Insurance News - Mon, 10/20/2008 - 10:38 Life Insurance Corporation of India and DaimlerChrysler, one of the oldest partners of Tata Motors, may refrain from participating in the ongoing Rs 4,145-crore (Rs 41.45 billion) rights issue that is closing on October 20, investment banking sources said. The move comes after Life Insurance Corporation of India expressed its wariness in putting in its bid. Categories: Insurance , News
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How to hook and retain customers (rediff.com)

Insurance News - Mon, 10/20/2008 - 13:52 Reliance Life's virtual office has become the focal point of real-time interactions for its customers, agents and employees. It offers consumers the ability to review insurance claims and manage their plans; perform online transactions, such as ordering policies; access a consolidated, interactive snapshot of their retirement plans; and receive personalised health and investment news. Categories: Insurance , News
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US parents want autism insurance laws (The Times of India)

Insurance News - Mon, 10/20/2008 - 23:29 CHICAGO: In Washington, Reza and Arzu Forough pay more than $1,000 a week for behaviour therapy for their 12-year-old autistic son. In Indiana, Sean and Michele Trivedi get the same type of therapy for their 11-year-old daughter. But they pay $3,000 a year and their health insurance covers the rest. Categories: Insurance , News
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LIC says 'no' to Tata Motors' rights issue (rediff.com)

Insurance News - Tue, 10/21/2008 - 02:23 Life Insurance Corporation of India (LIC), the country's biggest insurer, said it did not participate in Tata Motors' Rs 4,145-crore rights issue as the shares continued to trade below the offer price till the last day of the subscription today. The move resulted in the issue devolving on the promoters and the underwriter, JM Financial. Categories: Insurance , News
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ICICI prudential life insurance records 56 pc growth in H1 (Deepika)

Insurance News - Tue, 10/21/2008 - 07:02 Mumbai, Oct 20 (UNI) Private insurer ICICI Prudential Life Insurance today reported a 56 per cent growth for the first half of current fiscal, garnering a total premium of Rs 6,726 crore as against Rs 431 crore it collected for the corresponding period of last fiscal. Categories: Insurance , News
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Insurers playing safe as mkt dips

Insurance Research & Analysis - Wed, 10/22/2008 - 23:24 Concerned over the recent downturn in the stock market, life insurance companies have started re-balancing their portfolios which are heavily tilted towards the unit-linked insurance plans (Ulips).img src="http://feeds.feedburner.com/~r/is-ITSector/~4/414290993" height="1" width="1"/ Categories: Insurance , News , Personal Finance
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Micro Insurance: Agenda for the future of underprivileged

Insurance Research & Analysis - Wed, 10/22/2008 - 23:24 Micro Insurance mainly covers people who work in the informal economy as there is no effective mechanism to reach them systematically. Moreover, many of them are self-employed or are working in informal businesses.img src="http://feeds.feedburner.com/~r/is-ITSector/~4/419010245" height="1" width="1"/ Categories: Insurance , News , Personal Finance
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Insurance cos learning lessons hard way

Insurance Research & Analysis - Wed, 10/22/2008 - 23:24 Though pvt life cos were making huge losses, promoters were only willing to bring in more money. But a crashing market has exposed the sector’s weaknesses.img src="http://feeds.feedburner.com/~r/is-ITSector/~4/420930759" height="1" width="1"/ Categories: Insurance , News , Personal Finance
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Cabinet defers decision on FDI cap in insurance (rediff.com)

Fri, 10/17/2008 - 10:53 The Union Cabinet on Thursday deferred a decision on the much-awaited insurance law amendment Bill that aims to raise the foreign direct investment cap for insurance companies from 26 per cent to 49 per cent. No decision was taken today as Finance Minister P Chidambaram was not present at the meeting. Categories: Insurance , News
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Insurers playing safe as mkt dips

Insurance Research & Analysis - 4 min 38 sec ago Concerned over the recent downturn in the stock market, life insurance companies have started re-balancing their portfolios which are heavily tilted towards the unit-linked insurance plans (Ulips). Categories: Insurance , News , Personal Finance
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