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Last Build Date: Thu, 29 Sep 2016 20:34:44 GMT

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Max Life, HDFC Life merger to be completed in 12 months

Thu, 29 Sep 2016 13:33:44 GMT

(image) "The merger should be over in the next 9-12 months as all the requisite regulatory and statutory approval is expected by that time," sources said.



This device will price your car insurance

Tue, 27 Sep 2016 05:13:57 GMT

(image) The device, which plugs into the car's on-board diagnostics (OBD), relays information on quality of driving and usage of cars to the insurance company.



SBI Life, Tata AIA gains from Reliance Life, Star Union Life income collapse

Mon, 19 Sep 2016 11:19:07 GMT

(image) Banks and web aggregators sell mostly unit-linked insurance products, which are market linked. Similarly, brokers and agency is skewed towards selling traditional products.



Universal Sompo General Insurance sees management level changes

Tue, 30 Aug 2016 10:30:59 GMT

(image) Sources close to the development said that the search for an MD is in full swing and the company has last week interviewed a few senior people in the industry for the job.



Insurers will have to deal with more taxes in GST regime: Report

Fri, 12 Aug 2016 14:30:52 GMT

(image) The number of taxes will increase as calculation of input-output tax credits will be done separately for each individual state in which they are earned.



HDFC, Max group merge life insurance businesses to create company worth Rs 67,000 crore

Tue, 09 Aug 2016 01:48:23 GMT

(image) As per the agreed valuation and exchange ratio, the relative valuation of HDFC Life and Max Life would be 69 per cent and 31 per cent, respectively.



HDFC, Max likely to get board approval today for new merger scheme

Sun, 07 Aug 2016 19:19:30 GMT

(image) Under the new proposal, Max Life will be folded into parent MFS, which will then be split into two parts that will carry the contingent liability.



LIC chairman SK Roy asks government to treat resignation under VRS category

Fri, 05 Aug 2016 19:37:59 GMT

(image) Under the rules, an employee can opt for VRS after completing 20 years of qualifying service and has to give notice of not less than 90 days, in writing.



Insurance regulator exempts listed insurance firms from having indirect foreign holdings

Thu, 04 Aug 2016 19:58:12 GMT

(image) The decision would help HDFC Standard Life Insurance’s reverse listing, and pave the way for part owner Standard Life to buy shares of partner HDFC.



Aditya Birla firm registered as sixth player in health insurance

Mon, 18 Jul 2016 14:22:20 GMT

(image) With this registration, the total number of Health Insurers registered with the Authority has gone up to six.



Irdai directs insurers not to delay claim payments

Wed, 13 Jul 2016 13:57:27 GMT

(image) It is a standard practice by life insurers to inform about maturity date and amount of a claim to policyholders through a blank discharge voucher about 2-3 months in advance.



Rajive Kumaraswami joins Magma HDI General Insurance Company as CEO

Fri, 08 Jul 2016 17:37:24 GMT

(image) He is an alumnus of Delhi University and a fellow member of the Institute of Chartered Accountants of India.



On Irda’s watch, you have little to worry from M&As

Mon, 04 Jul 2016 00:30:47 GMT

(image) Irda ensures that the acquirer honours renewals by customers with full benefits. So there’s little or no chance of claims being dishonoured in such instances.



Insurance firms to tailor only for online sales that are cheaper as there are no intermediaries

Mon, 04 Jul 2016 00:19:48 GMT

(image) Insurance companies are also using customer reviews to design insurance products, while users are comparing policies on web aggregators and online brokers.



LIC scores highest in settling claims

Mon, 04 Jul 2016 00:06:46 GMT

(image) The average settlement record of private life insurers was 89.40%. Max Life, Birla Sun Life and Tata AIA have a claimsettlement record of close to 95%.