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Insurance Newsletter - October 20 to 22, 2014

India Infoline News Service  | Mumbai October 22, 2014 12:05 IST

The Narendra Modi Government would soon pave the way for the Goods & Services Tax (GST), higher foreign direct investment (FDI) in insurance and pension, and a new coal block allocation policy.

GST, FDI in insurance & other new reforms soon

India Infoline News Service  | Mumbai October 20, 2014 17:24 IST

The basic work for introducing the redrafted Constitutional Amendment Bill for GST is ready.

LIC Housing Finance Q2 PBT Rs 517 crore up by 22%

India Infoline News Service  | Mumbai October 20, 2014 08:41 IST

LIC Housing Finance Income from operations grew 17% to Rs 5137 crore from Rs 4395 crore.

Insurance Newsletter - October 13 to 17, 2014

India Infoline News Service  | Mumbai October 18, 2014 11:48 IST

An internal committee of IRDA has recommended hiking FDI in all insurance sector intermediaries like brokers, surveyors, third-party administrators (TPAs) and web aggregators to 49% from the present 26%, according to a media report.

New Report looks at where Asia-Pacific Insurers stand within the Global Regulatory landscape: S&P

India Infoline News Service  | Mumbai October 16, 2014 10:22 IST

S&P said the mature markets in the region are responding to elevated expectations for risk management and group supervision with Insurance Core Principles for regulatory oversight by the IAIS

Asian insurer credit profiles stable, despite low interest rates and regulatory risks: Moody's

India Infoline News Service  | Mumbai October 16, 2014 10:18 IST

Moody's focus on customer protection for insurers both in terms of their underwriting and claims functions.

IRDA recommends 49% FDI in insurance intermediaries

India Infoline News Service  | Mumbai October 14, 2014 12:02 IST

The IRDA panel report has charted a three-year roadmap to see how FDI can be raised to 100% for intermediaries

Moody's withdraws LIC's rating for business reasons

India Infoline News Service  | Mumbai October 14, 2014 09:13 IST

Global rating agency Moody's Investors Service said it has withdrawn the 'Baa3' insurance financial strength rating of the LIC

Insurance Newsletter - October 07 to 10, 2014

India Infoline News Service  | Mumbai October 10, 2014 14:34 IST

The government and RBI have decided to inspect the practice of banks selling insurance products i.e. called bancassurance, according to a media report.

CignaTTK Health Insurance forms distribution tie-up with Aditya Birla Money group

India Infoline News Service  | Mumbai October 09, 2014 17:02 IST

The two entities have got into a corporate agency partnership to provide comprehensive health insurance solution to consumers.

Bancassurance practice needs to be inspected: RBI

India Infoline News Service  | Mumbai October 09, 2014 12:45 IST

The inspection will be done for both the private as well as the public sector banks

ICICI Lombard launches Self-Service Kiosk for General Insurance customers

India Infoline News Service  | Mumbai October 09, 2014 10:53 IST

ICICI Lombard customers can access policy details, claim processing status or renew policies without having to wait at customer service desk

AEGON Religare launches Online Critical Illness Rider

India Infoline News Service  | Mumbai October 08, 2014 11:43 IST

iCI rider allows customers to get cover against critical illnesses at a very nominal cost or both new as well as existing customers.

Wal-Mart to end health insurance for ~30,000 workers

India Infoline News Service  | Mumbai October 08, 2014 11:27 IST

In a blog post, the company wrote, "Wal-Mart continues to face rising health care costs."

Sandeep Batra, Executive Director, ICICI Prudential Life Insurance Company Limited

India Infoline News Service  | Mumbai October 07, 2014 17:50 IST

"Claims settlement is the moment of truth and the ultimate service differentiator for a life insurance company. For FY14 our claims settlement ratio stood at 94.1% and majority of our claims have been settled within 30-days of intimation."

Mutual fund assets rise 7.2% in Q2 FY15

India Infoline News Service  | Mumbai October 04, 2014 14:17 IST

The country's 45 fund houses reported an average AUM of Rs. 10.58 trillion during July-September quarter of 2014-15

Insurance Newsletter - September 29 to October 01, 2014

India Infoline News Service  | Mumbai October 04, 2014 12:12 IST

ICICI Lombard General Insurance Company Ltd., the countrys largest private sector general insurance company unveiled the ICICI Lombard Travel Trends 2014 survey on the occasion of World Tourism Day.

Max Bupa Walk for Health 2014 in Delhi and Mumbai

India Infoline News Service  | Mumbai October 01, 2014 14:13 IST

Max Bupa Health Insurance announces the launch of third edition of its flagship event on November 9

RSA updates RSA SecurWorld Partner Program

India Infoline News Service  | Mumbai September 30, 2014 13:01 IST

RSA SecurWorld partners enter at the Authorized Tier to make it easier for resellers to comply with upper tier requirements.

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