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Insurance

LIC stays unaffected by competition
R Seetharan \| May, 2017
With 10 per cent rise in premium in March, life insurance companies have ended the fiscal 2016-17 with 26 per cent growth in total...

UII tops in premium growth
S Viswanathan \| May, 2016
The second largest general insurance company, United India Insurance, recorded the highest growth in gross premium income in 2015-16. Despite the share of UII, of around 28 per cent, of the total loss suffered by insurance companies, UII still earned an after tax profit of Rs.221 crore, thanks to income from investments and re-insurance.

GI premium income to cross Rs 100,000 crore...
S Viswanathan \| April, 2016
There is a sense of optimism over the several recent initiatives of the government to provide insurance cover to the vast masses. New India Assurance (NIA), the leader, is gearing up to offer these very many services and products to ensure better security for people through increased penetration.

Operational efficiency will boost profit
S Viswanathan \| December, 2015
Reporting a healthy premium for the half ...

GI flourishes in high growth states
S S Gopalaratnam \| September, 2015
Tamil Nadu is ranked third in India, behind Maharashtra and NCR, in terms of Gross Written Premium.

Promise of quantum growth
S Viswanathan \| August, 2015
The low profile insurance sector has found a savior in Prime Minister Narendra Modi. He has tried to expand the sector with new ideas and affordable products not attempted so far.

There’s more to it than 49%
V Pattabhi Ram \| May, 2015
Where does the insurance sector stand today? What has the Insurance Bill, 2015 to offer? Will it bring Acche Din?

3 year policies would do good
V R Ravikumar \| December, 2014
Non-life Insurance companies are proposing insurance policies for 2 wheelers for a consecutive period of three years for the mandatory third party insurance cover. This will reduce the costs involved in issuing the policies.

Risk must cover the ‘burning cost’
S Viswanathan \| November, 2014
Penetration of general insurance is abysmally low - at just 0.78 per cent. Favourable demography, increasing insurance awareness and rising disposable incomes would help in increasing this penetration and density, says Milind Kharat, CMD United India Insurance.

A boost to insurance industry…
V R Ravikumar \| October, 2014
The long pending issue of Foreign Direct Investment (FDI) in insurance sector got resolved with the NDA government enhancing the limit to 49 per cent from the earlier cap of 26 per cent by way of amendment to the Insurance Act.

The pioneer crosses another landmark
S Viswanathan \| April, 2014
“V Jagannathan has created history in developing Star Health Insurance as a stand-alone health insurance company. Many others have followed him,” said T S Vijayan, Chairman, IRDA.

A sunshine industry
Jayanthi Raghunathan and Diwakar M \| November, 2013
Insurance has been operational in India for almost 150 years. Despite this long history, penetration levels for insurance products, especially non-life remains marginal.

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