Insurance Newsletter - December 07 to 11, 2015

India Infoline News Service | Mumbai | December 11, 2015 14:54 IST

India’s globally recognized and leading healthcare research University, The IIHMR University shared its insights on healthcare acquired infections and the management of medication errors which are vital aspects of patients safety.

Top Story

AIA group to hike stake in Tata AIA Life Insurance to 49%

AIA group, leading American insurer will raise its stake in the Indian life insurance venture with Tata Sons -Tata AIA Life Insurance Company, from 26% to 49% by buying 23% stake from its partner, the group spokesperson said. On Monday, both companies signed an agreement.Read more

LIC relaxes claim settlement norms for flood victims
According to reports, Life Insurance Corporation of India (LIC) has permitted its qualified agents to certify death in absence of evidence from government sources. Read more

Domestic News

Patients in ICU for long, more at risk to acquire infections- IIHMR University

India’s globally recognized and leading healthcare research University, The IIHMR University shared its insights on healthcare acquired infections and the management of medication errors which are vital aspects of patients safety. Colonel (Dr.) Ashok Kaushik, Dean Academics, Student Affairs along with two other expert faculty members of IIHMR University shared their insights on World Patient Safety Day. Read more

Kotak Life expects Rs 900 cr insurance business this year
Kotak Mahindra Old Mutual Life Insurance, a 74:26 joint venture between Kotak Mahindra Bank, its affiliates and Old Mutual, is eyeing to get around Rs. 900 crore of individual new business regular premium. This achievement will result in a growth of around 50% in individual new business over the previous year, reports a financial newspaper. Read more

Future Generali India Life Insurance launches the Bima Saksharta Abhiyaan in rural areas
Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future Group - the leading retailer of India, Assicurazioni Generali - a global insurance group and one of the world’s 50 largest companies* and IITL - a leading NBFC, today announced the launch of the Bima Saksharta Abhiyaan to create insurance awareness across rural areas. This is a one month campaign across 7 districts in Uttar Pradesh and 6 districts in Maharashtra. Read more

Aviva Life Insurance relaxes claim settlement process for flood victims
Aviva Life Insurance, one of the leading insurance companies, has relaxed its claim settlement process exclusively for victims of Tamil Nadu, Puduchery and Andhra Pradesh rains & floods. In order to provide assistance to the relatives of the victims, Aviva has relaxed the documentations in terms of minimizing the need to provide formal documentation to allow for prompt intimation and settlement of death, survival and maturity claims.Given the extent of the tragedy, Aviva has also announced that it has waived off late fee and revival fee for policies where premium due date is from 1st October 2015 to 31st January 2016. Read more

Aegon Religare Life Insurance renamed as Aegon Life Insurance
Aegon Religare Life Insurance Company is renamed as Aegon Life Insurance Company Ltd following the exit of Religare from the JV. Read more

Reliance Life Insurance to hire 5k insurance agents, 2k sales staff in next three months
Reliance Life Insurance is planning to hire 5,000 insurance advisers and nearly 2,000 front-end sales staff in the next three months as part of its distribution network expansion plans.Read more

ICICI Prudential Life eases claims settlement process for families affected by the Chennai rains
ICICI Prudential Life Insurance shares the grief of the people who have been adversely affected due to the Chennai rains. With a view to providing quick support to the families of the policyholders/claimants, the Company has simplified the claims settlement process.Read more

Chennai rain affected! ICICI Prudential Life eases claims settlement process
ICICI Prudential Life Insurance shares the grief of the people who have been adversely affected due to the Chennai rains. With a view to providing quick support to the families of the policyholders/claimants, the Company has simplified the claims settlement process. Read more

Insurance regulator introduces portal for health insurance plans information
With a view to bring all relevant details regarding health insurance plans at one place, Irdai chairman T S Vijayan launches a portal 'Registry of Hospitals in Network of Insurers' (Rohini), according to reports.Read more

Birla Sun Life Insurance Provides Simplified Claims Settlement Process for Chennai Flood Victims
Birla Sun Life Insurance (BSLI), the life insurance arm of the Aditya Birla Financial Services Group, a significant non-bank financial services company, announced that it has further simplified the claims settlement process to offer immediate support to the families of the policyholders/claimants in Chennai.Read more
 

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