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Title :   India: High Court orders review of insurance policies that exclude genetic disposition
Publish Date :  Wed, 28 Feb 2018 12:30:20 GMT
Description :  The Delhi High Court has directed the IRDAI to review insurance contracts to ensure that claims are not rejected on the basis of exclusion clauses relating to "genetic disorders" like cardiac conditions, high blood pressure and diabetes.

Title :   India: Inadequate skilled workforce a huge challenge to insurers
Publish Date :  Mon, 19 Feb 2018 12:30:35 GMT
Description :  The Indian insurance sector today faces the challenge of limited expertise and skilled workforce, says Mr Antony Jacob CEO of Apollo Munich Health Insurance.

Title :   Australia: Two top 10 health insurance funds to merge
Publish Date :  Tue, 20 Feb 2018 12:30:26 GMT
Description :  Australia's largest not-for-profit health fund, HCF, and Western Australia's largest health fund, HBF, are considering a merger that would see the new entity hold approximately an 18.4% market share and provide members of both funds the benefits of scale required to compete with larger private health insurers.

Title :   India: Insurance is only 1 option in funding National Health Protection Scheme
Publish Date :  Tue, 20 Feb 2018 12:30:26 GMT
Description :  Insurance is only one of several options that can be chosen to finance the proposed National Health Protection Scheme (NHPS) that was announced in the 1 February Budget speech for the fiscal year starting 1 April.

Title :   India: Headwinds to blow in insurance market
Publish Date :  Wed, 21 Feb 2018 12:30:28 GMT
Description :  The insurance industry in India is expecting some headwinds shortly because of a number of new developments in the sector.

Title :   Asia: Global insurance giant posts strong growth in the region
Publish Date :  Thu, 22 Feb 2018 12:30:24 GMT
Description :  The Asian business of the global insurer and asset manager Allianz saw revenue increase by 24% to EUR6.0 billion (US$7.4 billion) in 2017, while operating profit rose by 22% to EUR273 million. However return on equity was stable at 11.4%, the company says in a release.

Title :   India: Lack of data prompts brokers to develop system to assess insurers' performance
Publish Date :  Thu, 22 Feb 2018 12:30:24 GMT
Description :  The Insurance Broking Association of India (IBAI) has developed a robust measure of an insurer's performance on policyholder-friendly metrics, says Mr Kapil Mehta, co-founder and CEO of the insurance broking firm, SecureNow.

Title :   India: Life insurance sector faces rising financial crime challenges
Publish Date :  Fri, 23 Feb 2018 12:30:28 GMT
Description :  Rising transactions with third parties, data privacy concerns and gaps in operational processes have augmented financial crime risks in the life insurance sector, an EY Fraud Investigation & Dispute Services report says.

Title :   India: Dedicated team needed to administer crop insurance plan
Publish Date :  Mon, 26 Feb 2018 12:30:40 GMT
Description :  The Indian government-backed crop insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), deserves a dedicated team of professionals, both at the central government and in the states, which can collate and analyse the data collected from the states and insurance companies, says a working paper released by the Indian Council For Research on International Economic Relations (ICRIER) and written by eminent agricultural economist Ashok Gulati and his team.

Title :   India: E-payments company eyes insurance operations
Publish Date :  Tue, 27 Feb 2018 12:30:19 GMT
Description :  Online payments major Paytm plans to apply for a licence to operate life and general businessses, people aware of the matter said.

Title :   What is this buzz about term insurance?
Publish Date :  Fri, 02 Feb 2018 11:36:37 GMT
Description :  Most people are either cavalier about life insurance or hyper insured with multiple policies in their name.

Title :   ULIPs donâ??t attract LTCG tax; should you dump your mutual funds for them?
Publish Date :  Fri, 02 Feb 2018 07:00:46 GMT
Description :  Predictably, the introduction of long term capital gains tax on equity investments have given a new lease of life to Unit Linked Insurance Plans or ULIPs.

Title :   Family Finance: Increasing equity exposure can help Chakrabortys meet goals
Publish Date :  Mon, 05 Feb 2018 01:00:00 GMT
Description :  After considering household expenses of Rs 44,833, insurance premium of Rs 15,846 loan EMI and investments, Chakrabortys are left with a surplus of Rs 13,943.

Title :   90-day limit no basis to deny insurance claim
Publish Date :  Sat, 10 Feb 2018 05:08:52 GMT
Description :  NCDRC has ordered an insurance company to pay Rs 2.5 lakh with 9% interest to the kin of a deceased who had died on the 90th day of the purchase of a policy.

Title :   How to revive lapsed life insurance policy
Publish Date :  Mon, 12 Feb 2018 01:00:00 GMT
Description :  Failure to pay the premium of a life insurance policy before the due date results in the policy lapsing. However, it is possible to revive a lapsed policy.

Title :   Tax saving: Why ELSS funds are still better than ULIPs, insurance policies despite new LTCG tax
Publish Date :  Tue, 13 Feb 2018 05:05:53 GMT
Description :  The tax on LTCG will make tax-saving options such as the Public Provident Fund (PPF) and Ulips more tax-efficient than ELSS funds.

Title :   Hereâ??s how you can ensure your family gets a regular monthly income
Publish Date :  Thu, 22 Feb 2018 11:56:15 GMT
Description :  Working professionals think that buying a term insurance plan ensures the financial security of their dependent families. But this is only partially true.

Title :   Now you have to link your Aadhaar with postal life insurance policy
Publish Date :  Thu, 22 Feb 2018 08:40:26 GMT
Description :  In its latest move, the govt has asked all the postal life insurance and rural postal life insurance policyholders to provide their Aadhaar details.

Title :   Govt hikes minimum life insurance for EPF-covered employees from Feb 15, 2018
Publish Date :  Thu, 22 Feb 2018 08:20:31 GMT
Description :  Under the EDLI scheme, 1976, the assurance benefit to an eligible employee will now stand at a minimum of Rs 2.5 lakh and will be capped at Rs 6 lakh.

Title :   We hope that there will be no LTCG tax imposed on Ulips: Shyamsunder Bhat, Exide Life Insurance
Publish Date :  Mon, 26 Feb 2018 01:00:00 GMT
Description :  "Policyholders can switch from one type of Ulip to another, which could become complicated if each switch has a tax implication."

Title :   A ULIP alone won't give you sufficient life insurance: Here's why
Publish Date :  Mon, 26 Feb 2018 01:00:00 GMT
Description :  Since Ulips can only offer a cover of ten times the premium, they would cost you your entire income to provide the amount of life cover that you need.

Title :   How can India fill the gap in Health Insurance Awareness?
Publish Date :  Mon, 26 Feb 2018 04:31:11 GMT
Description :  In India, the healthcare costs are immensely high and is on a continuous rise. We take pride in being the 6th wealthiest country in the world and 5th largest defence spender.

Title :   Canâ??t deny health insurance to those suffering from genetic disorders: HC
Publish Date :  Tue, 27 Feb 2018 05:26:15 GMT
Description :  HC said exclusion of insurance claims in respect of genetic disorders creates a broad classification â??which is writ with ambiguity and vagueness.â??

Title :   Life Insurance - Industry achieves strong APE growth during Oct - 17: JM Financial
Publish Date :  Mon, 13 Nov 2017 12:11:40 +0530
Description :  Life Insurance - Industry achieves strong APE  growth during Oct - 17: JM Financial JM Financial has come out with its sector report on Life Insurance dated November 13, 2017. YTD, industry reported healthy 25% YoY APE growth driven by private insurers at 32% YoY.

Title :   1Q2018 life insurance sales anticipated to fall
Publish Date :  Fri, 19 Jan 2018 12:30:28 GMT
Description :  The life insurance industry is expected to see a decline in premiums in the first quarter of this year, following a fall in sales in the first week of the new year.

Title :   Overall solvency risk management assessment score improves
Publish Date :  Fri, 19 Jan 2018 12:30:28 GMT
Description :  The CIRC has released the results of its 2017 solvency risk management assessment (SARMRA) that show that risk management awareness and capabilities among insurance companies have improved slightly.

Title :   3rd, 4th tier cities and clean energy cars key to auto insurance growth
Publish Date :  Fri, 19 Jan 2018 12:30:28 GMT
Description :  Third and fourth-tier cities as well as the market for new energy vehicles are promising growth opportunities for motor insurers, industry players say.

Title :   India: Insurers ordered to provide easy access to MTPL insurance
Publish Date :  Tue, 09 Jan 2018 12:30:36 GMT
Description :  The insurance regulator IRDAI has said that insurance companies must ensure easy availability of mandatory motor third-party liability cover, including online, and under no circumstance should they deny a request for third-party cover.

Title :   India: Insurers cuts 'own damage' motor premiums
Publish Date :  Wed, 10 Jan 2018 12:30:21 GMT
Description :  Domestic general insurers have decided to slash their premiums in the 'own damage' motor insurance segment by 5-20% for existing and new customers who own private and commercial vehicles.

Title :   India: Non-life insurance growth impresses Lloyd's
Publish Date :  Thu, 18 Jan 2018 12:30:30 GMT
Description :  The Indian non-life market has seen 12-15% growth each year since liberalisation in 2000, a phenomenon which Ms Inga Beale, CEO of Lloyd's, described as impressive.