Former chairman of Life Insurance Corporation (LIC), S B
Mathur, is likely to take over as the new non-executive chairman of the
National Stock Exchange (NSE), the country’s largest equity trading
bourse. According to industry sources, Mathur’s name is under
consideration of the Securities and Exchange Board of India (Sebi) after
NSE proposed it.http://www.myallagents.com/Former-LIC-chief-Mathur-to-be-NSE-chairman/details.html
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Tuesday, July 15, 2014
Checks on rise in health insurance renewal premium in the pipeline
The
Insurance Regulatory and Development Authority (Irda) on Wednesday said
it would soon come up with norms to prevent arbitrary increases in
renewal premiums on health policies. It added insurance companies often
raised premiums when policies under which benefits were claimed were due
for renewal.
“We have seen if a party makes a claim in a g
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Give a pass to women-centric insurance plans
Parents and grandparents looking
to save for their children/grandchildren's future have been the biggest
targets for life insurance companies. The next in line are those 10-15
years away from retirement. In the recent past, life insurers have
started focusing on women and have come up with products catering to
women-specific needs, specially health-related.http://www.myallagents.com/Give-a-pass-to-womencentric-insurance-plans/details.html
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Irda to develop mechanism for faster approval of policies
The Insurance Regulatory and
Development Authority (Irda) will soon develop a mechanism for faster
approval of insurance policies and encourage companies to come out with
low premium products for increasing insurance penetration, a senior
government official said today.http://www.myallagents.com/Irda-to-develop-mechanism-for-faster-approval-of-policies/details.html
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IL&FS-backed infrastructure debt fund targets $1-bn corpus
The infrastructure debt fund (IDF)
backed by IL&FS Financial Services and Life Insurance Corp of India (
LIC) is planning to raise up to $1 billion (Rs 5,300 crore) initially
from foreign and domestic investors.
The fund will use a trust structure (mutual fund route) for this venture, since it provides flexibility to invest in existing and new projects. Besides power, ports and road projects, the IDF might look at healthcare and education projects as well.http://www.myallagents.com/ILandFSbacked-infrastructure-debt-fund-targets-1bn-corpus/details.html
The fund will use a trust structure (mutual fund route) for this venture, since it provides flexibility to invest in existing and new projects. Besides power, ports and road projects, the IDF might look at healthcare and education projects as well.http://www.myallagents.com/ILandFSbacked-infrastructure-debt-fund-targets-1bn-corpus/details.html
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Medical premium rate hike on cards by National Insurance Company
Sources from State owned National Insurance Company told
that in order to mitigate the losses, the company could hike the rates
of health insurance premium and according to the sources from their head
quarter; this increase can range from 20% to 40%. Further on this, Mr.
Ashok K. Roy, Chairman of General Insurance Corporation said that there
is an urgent need for raise of health tariff for insurance companies and
at the same time hospital should reduce their cos t.http://www.myallagents.com/Medical-premium-rate-hike-on-cards-by-National-Insurance-Company/details.html
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Claim Process made easier by ICICI Lombard
ICICI Lombard, the largest private general insurance
company in India has launched a one of its kind Mobile Application for
customers. Mr. N Eswarnatarajan, head of Operations and Technology,
ICICI Lombard General Insurance announced the launch of mobile
application “Insure” that will help the customer to intimate the claim
through a mobile.http://www.myallagents.com/Claim-Process-made-easier-by-ICICI-Lombard/details.htm
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