News Room

Life insurers' new business premium income dips.

Friday 30, September, 2011 - New business premium income for life insurance companies fell 23% during the April-August 2011 compared with the same period last year mainly due to the base effect The fall in collection is on ac ....

IRDA asks insurers not to reject claims mechanically.

Wednesday 21, September, 2011 - In a big relief to policyholders, the regulator IRDA on Wednesday asked insurance companies not to mechanically reject claims on technical grounds, like delay in filing claim documents. IRDA has i ....

Final IPO norms for life insurers within a week: IRDA.

Tuesday 20, September, 2011 - Insurance regulator IRDA on Tuesday said it will come out with guidelines for initial public offering (IPO) of life insurance companies within a week. "We will be approaching for the gazetting som ....

IRDA to tighten criteria for appointment of actuaries.

Friday 09, September, 2011 - In a bid to enhance scrutiny of financial impact of risk and uncertainty in insurance business, the Insurance Regulatory and Development Authority, or Irda, is working on tightening the criterion for ....

Name hospitals not on cashless list, says CIC.

Monday 05, September, 2011 - The Central Information Commission has ordered that public sector health insurance companies must provide names of hospitals that do not feature in the Preferred Provider Network (PPN) for cashless se ....

Online insurance is simple and cheaper.

Wednesday 31, August, 2011 - More than 100 million people have internet connections in India today. We spend more time on the internet than watching TV. We are the third-largest users of social networking sites like Facebook. ....

Small cars dent profits of motor insurance companies.

Friday 26, August, 2011 - The high proportion of imported components in small cars is denting profits of motor insurance companies, with their claims ratio rising to 70% from 40% in the past two years. General insurers, wh ....

New India Assurance chairman M Ramadoss suspended.

Wednesday 17, August, 2011 - The government has suspended New India Assurance chairman M Ramadoss for alleged violations in issuing insurance cover to an airline during his stint as head of another state-run insurer. The Central ....

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