IRDA has laid down draft framework for asset liability management (ALM) and stress testing to guard investment activities of insurance companies against fall in the equity market and movement in the interest rate market. Irda has asked insurers to submit investment details in … [Read more...] about Irda issues draft ALM stress testing norms for insurers
News
IRDA issues new grievance redressal guidelines to insurers
The Insurance Regulatory and Development Authority (Irda) has issued grievance redressal guidelines for insurance companies, which needs to be implemented from August 1. Insurance companies should also have a system and procedure for receiving, registering and disposing of … [Read more...] about IRDA issues new grievance redressal guidelines to insurers
Aviva Life introduces Dynamic P/E fund option for ULIP
Aviva Life Insurance has launched its 9th fund, called Dynamic Price/Earning Fund. The new fund is based on the simple mantra of encashing investments when the market is on high and buying when the market is low, thereby maximizing opportunities for the customers in the long-run … [Read more...] about Aviva Life introduces Dynamic P/E fund option for ULIP
Future Generali simplifies Motor Insurance claims with – Future Xpress and Future Xpress+
Future Generali has simplified Motor Insurance claims process with - Future Xpress and Future Xpress+. The company has introduced Future Xpress schemes initially in Chennai and Mumbai and Future Xpress+ in Ahmedabad, Kolhapur, Hyderabad, Bangalore and Trivandrum of the 47 … [Read more...] about Future Generali simplifies Motor Insurance claims with – Future Xpress and Future Xpress+
Birla Sun Life launches Term Plans – Protector Protector Plus
Birla Sun Life has launched two term plans - BSLI Protector Plan and BSLI Protector Plus Plan. These term plans has an option for insured to hike their sum assured over a period. Customers, who opt for an increase in sum assured, will have the option of increasing it by 5 per … [Read more...] about Birla Sun Life launches Term Plans – Protector Protector Plus
Bharti AXA Life launches – 'Monthly Income Plan'
Bharti AXA Life has launched money-back plan - 'Bharti AXA Life Monthly Income Plan'. Sailent Features of 'Bharti AXA Life - MIP' - 1- Guaranteed Monthly Income Guaranteed Monthly Income after the completion of the Premium Payment Term, until maturity, provided the policy is … [Read more...] about Bharti AXA Life launches – 'Monthly Income Plan'
SBI Life launches Variable Insurance plan- Flexi Smart Insurance
SBI Life has launched a variable plan - 'Flexi Smart', which aims to provide stable returns to investors. Flexi Smart Plan would give investors an option to change the sum assured and flexibility of premium payment and interim and additional interest rates. Salient Features of … [Read more...] about SBI Life launches Variable Insurance plan- Flexi Smart Insurance
Tata AIG Life launches IInd 'InvestAssure Apex Supreme Plan'
Tata AIG Life Insurance has launched the second series of its 'Tata AIG Life Insurance InvestAssure Apex Supreme ULIP Plan'. Tata AIG Life Insurance InvestAssure Apex Supreme is a 5-year limited-pay plan with a policy term of 10 years and comes with the benefit of Guaranteed … [Read more...] about Tata AIG Life launches IInd 'InvestAssure Apex Supreme Plan'
New Norms for Individual Insurance Agents from 1st July 2011
On 11th February 2011, IRDA issued circular to Insurers for new guidelines on Individual Agents, which will come into effect from 1st July, 2011. What are new changes? 1- Relatives of employees of Insurance Companies not to be engaged as Agents Relatives of employees of … [Read more...] about New Norms for Individual Insurance Agents from 1st July 2011
IRDA postponed implementation of health insurance portability to October 1, 2011
Insurance Regulatory and Development Authority (IRDA) has postponed the implementation of health insurance portability to October 1, 2011. Earlier, IRDA had announced that it would implement health insurance portability from July 1, which would allow customers to shift from … [Read more...] about IRDA postponed implementation of health insurance portability to October 1, 2011