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Title :   India: 13 insurers in blockchain cooperation
Publish Date :  Tue, 29 Aug 2017 12:30:16 GMT
Description :  Thirteen Indian insurance companies have rallied together to use a blockchain-like technology to create a central repository of policyholder data, to avoid repeating the registration procedure for holders of multiple policies.

Title :   India: Unpaid crop insurance premiums raise risk from govt
Publish Date :  Wed, 30 Aug 2017 12:30:39 GMT
Description :  Outstanding premiums and claims of insurers have gone up over the past year in a first sign of risk from Prime Minister Narendra Modi's crop insurance scheme.

Title :   Health Insurance: Preventing financial catastrophe
Publish Date :  Tue, 11 Jul 2017 19:04:05 +0530
Description :  Health Insurance: Preventing financial catastrophe Money, investment, wealth, these are important facets of personal finance but they become meaningless without one fundamental pillar - your health and a strategy to mitigate financial strain that may arise in case of a health emergency.

Title :   India: Central database of insurance intermediaries being set up
Publish Date :  Mon, 19 Jun 2017 12:30:23 GMT
Description :  The Insurance Information Bureau of India is preparing a central database of intermediaries in the sector so that insurance companies have background information about them, to minimise mis-selling of policies and prevent fraud.

Title :   India: 48% of parents fund schooling from insurance/savings
Publish Date :  Wed, 12 Jul 2017 12:30:19 GMT
Description :  Around half (48%) of Indian parents fund their child's education from general savings, investments or insurance, says an HSBC report, "Higher and Higher -- The Value of Education".

Title :   India: Govt sounds alarm over underwriting practices
Publish Date :  Thu, 13 Jul 2017 12:30:24 GMT
Description :  The Indian government, concerned about the health of the insurance industry in the country, has directed all state-owned general insurers to strictly adhere to prudent underwriting practices.

Title :   India: General insurers upbeat about 20+% premium growth in FY2018
Publish Date :  Wed, 19 Jul 2017 12:30:28 GMT
Description :  The Indian general insurance industry is optimistic that it can sustain its high growth momentum for the rest of this financial year ending March 2018 (FY2018), after posting a 21.95% growth in gross direct premium underwritten in the April-June quarter.

Title :   India: States urged to form their own crop insurers
Publish Date :  Fri, 21 Jul 2017 12:30:36 GMT
Description :  The Indian central government has asked state governments to set up their own insurance companies for better implementation of the crop insurance scheme, Pradhan Mantri Fasal Bima Yojna (PMFBY).

Title :   India: Insurers grossed US$1.55 bln in profits from crop insurance in 1 season
Publish Date :  Mon, 24 Jul 2017 12:30:22 GMT
Description :  Insurers gained nearly INR100 billion (US$1.55 billion) in gross profit during the last kharif (monsoon) season, from June to November 2016, according to an independent evaluation of the Modi government's crop insurance scheme, the Pradhan Mantri Fasal Bima Yojana (PMFBY).

Title :   India: Common Service Centres to push farm insurance
Publish Date :  Tue, 01 Aug 2017 12:30:23 GMT
Description :  Common Service Centres (CSCs) have started offering crop insurance plans to small and marginal farmers who have not taken out any loan from any bank or financial institution.

Title :   India: Life business to continue growth momentum in FY18
Publish Date :  Thu, 03 Aug 2017 12:30:37 GMT
Description :  The Indian life insurance industry is expected to log a growth of 15-18% in the current fiscal year ending March 2018 (FY2018) in terms of annual premium equivalent (APE), said a senior official at credit rating agency ICRA.

Title :   India: Some states unswayed by national farm insurance scheme
Publish Date :  Tue, 08 Aug 2017 12:30:17 GMT
Description :  Several states, including Punjab which is dubbed the "bread basket of India", are still holding out on implementing the government-backed farm insurance scheme, the Pradhan Mantri Fasal Bima Yojana (PMFBY).

Title :   India: Regulator says cap on expenses may be imposed eventually
Publish Date :  Wed, 09 Aug 2017 12:30:19 GMT
Description :  IRDAI Chairman TS Vijayan is urging insurers to offer cost-effective insurance policies to customers rather than focus on incentivising insurance agents with commissions and increasing profitability.

Title :   India: Govt report endorses use of climate insurance tools
Publish Date :  Tue, 15 Aug 2017 12:30:21 GMT
Description :  The government's Economic Survey has suggested the use of climate insurance instruments to counter losses which the country faces each year due to extreme weather events.

Title :   India: Insurers fear deluge of flood claims
Publish Date :  Mon, 28 Aug 2017 12:30:25 GMT
Description :  The rising number of flood damage claims, pouring in from flood-hit states, has the general insurance sector worried.

Title :   Life Insurance Council to meet GST Council on Friday over hiked rates
Publish Date :  Mon, 19 Jun 2017 18:24:00 +0530
Description :  The Life Insurance Council, an industry body that represents the life insurance companies in India, is likely to meet the GST Council on June 23, 2017 regarding the GST rate on insurance that was recently announced by the GST Council. Life Insurance Council is also meeting with the local tax representatives in Mumbai on June 19.

Title :   IRDAI gives green signal to ICICI Pru to take-over life insurance business of Sahara India
Publish Date :  Sun, 30 Jul 2017 10:21:00 +0530
Description :  Insurance Regulatory and Development Authority of India (IRDAI) has directed ICICI Prudential Life Insurance to take over the life insurance business portfolio of Sahara India Life Insurance Company (SILIC) with effect from 31st July 2017.

Title :   Claim settlement for term insurance plans
Publish Date :  Sun, 06 Aug 2017 8:05:00 +0530
Description :  Term insurance plans offer low cost pure insurance cover with no linkages to any investments, hence these plans are recommended over other insurance plans such as ULIPs or endowment plans.

Title :   Porting your health insurance policy
Publish Date :  Sun, 06 Aug 2017 13:20:00 +0530
Description :  If you were unsatisfied with previous mobile phone service provider and had ported your mobile number to another service provider, you can now port your health insurance policy if you are not satisfied with the existing insurer.

Title :   How much life insurance is good enough?
Publish Date :  Sun, 20 Aug 2017 10:40:00 +0530
Description :  The answer to this question depends on many factors, such as age, profession, income, expenditure, liabilities, lifestyle, and so on.

Title :   ICICI Prudential Life launches a cover for heart and cancer
Publish Date :  Mon, 19 Jun 2017 12:02:59 GMT
Description :  Life insurance companies are launching heart and cancer products as they say these two account for over 50% of casualties in India.

Title :   Incremental NCBs for long term two-wheeler insurance policies come with conditions
Publish Date :  Mon, 26 Jun 2017 01:00:28 GMT
Description :  Basic No Claim Bonus (NCB) is a discount given by the insurer to the policyholder for making no claims on the motor insurance policies.

Title :   Do you need health insurance in your 20s?
Publish Date :  Mon, 26 Jun 2017 23:30:27 GMT
Description :  One should appreciate the merits of buying a health insurance policy at a young age and get covered as soon as possible.

Title :   Senior citizen health insurance plans are restrictive. Read on to find out how
Publish Date :  Fri, 30 Jun 2017 05:18:47 GMT
Description :  Co-payment is typically a mandatory feature in all senior citizens health insurance plans. Before buying, get clarity on the applicability of co-payment.

Title :   Life cover industry cuts complaints by 40%
Publish Date :  Fri, 07 Jul 2017 05:36:41 GMT
Description :  Overall the insurance industry witnessed a 34% decline in complaints to 1.72 lakh from 2.63 lakh in the year-ago period.

Title :   How to make a claim on multiple health insurance policies
Publish Date :  Fri, 07 Jul 2017 05:26:16 GMT
Description :  The total hospital bill need not be shared between the insurers as the claims settlement is not on the basis of 'contribution clause'.

Title :   Are value-added benefits of health insurance worth considering?
Publish Date :  Mon, 10 Jul 2017 01:00:59 GMT
Description :  Hereâ??s a look at the some of the most common value-added benefits offered by health insurers, how they work, and whether they are useful.

Title :   Study fine print before buying insurance policy
Publish Date :  Mon, 10 Jul 2017 05:30:46 GMT
Description :  Regardless of the ailment or the treatment given, coverage would be determined by the definition of â??critical illnessâ?? stated in the policy.

Title :   IRDAI issues new norms for mediclaim policies
Publish Date :  Thu, 13 Jul 2017 05:31:57 GMT
Description :  Misselling is a huge problem for the insurance industry as, of 1.72 lakh complaints in 2016-17, about 50 per cent related to unfair business practices.

Title :   Monsoon is here: Should you buy engine protect add-on insurance for your car?
Publish Date :  Sat, 15 Jul 2017 06:12:51 GMT
Description :  By paying an additional premium for the engine protect add-on, the insurer pays up even for the consequential damage arising out of water ingression.