Insurance Institute of India, Mumbai  is organising a two weeks Life Insurance Training Programme from 13/02/2012 to 25/02/2012.

Never use any Repellent spray near fire sources. Most of the sprays use LPG as volatile solvents because of it's evaporation property and it may catch fire instantly.

Two former employees of a multinational bank have been arrested for cheating insurance policy holders on the pretext of reviving their accounts, which were inactive due to non-payment of instalments, police said on 2.2.12.

With the volatility in the stock market, changes in Ulip (unit-linked insurance plan) regulations hiting margins and rising awareness of term insurance, life insurance companies are now shifting their focus towards selling protection plans. In line with these developments, Aviva Life insurance, which was till now focusing on selling Ulip child plans, is now focusing on term insurance.

Private insurer Bharti AXA Life Insurance today launched its first online term insurance product - Bharti AXA Life iProtect plan.

Following directions from the Delhi High Court last September to provide health insurance to people living with HIV/AIDS (PLHA), the Insurance Regulatory and Development Authority (Irda) has released the draft norms on covering the health of PLHA.

Change in the regulatory environment, which has compelled insurers to cut distribution costs, is leading life companies to look at new low-cost channels for distribution. A spate of companies, including market leader Life Insurance Corporation, are looking at online distribution to increase reach.

IRDA has sought views/feedback on the Cross-selling of products in financial services, including insurance products, is common. Insurance products may be bundled with other financial services or with goods. 

The health insurance segment of the insurance industry has been growing significantly. The IRDA has underpinned the growth of this market by registration of standalone health insurance companies, by nurturing the development of Third Party Administrators (TPAs) to enable a cashless system of claim settlement.

Insurance Institute of India conducted a National Conference, ‘Back to the Basics of Insurance’ on 27th January 2012 at Grand Hyatt, Santacruz, Mumbai. Read the Full report....

The Consumer Disputes Redressal Commission, Gujarat State, dismissed the appeal against the order of the Ahmedabad City Forum, holding Healthcops ICICI Lombard General Insurance Limited, Mumbai, ICICI Lombard General Insurance Limited, and ICICI Bank liable for deficiency in

Health insurance agnostics often cite the lack of cover for small or over-the-counter medical expenses to justify their scepticism. Their grouse is that though visits to a doctor and the associated medicine bills entail sizeable costs, these are not reimbursed by health policies.

After bargaining with hospitals to reduce charges, general insurers have turned to the auto industry to bring down cost of repairs , most of which is paid for by the insurance sector. The good news is that auto companies have responded positively with the cooperation expected to dramatically cut repair costs.

The year 2011 was marked by a series of severe earthquakes and many weather-related catastrophes. Thus Munich Re estimates its claims costs from the earthquakes in Japan and New Zealand at around €1.5bn for each event.

Oriental insurance company has invited applications from Indian Citizens for the post of Administrative Officer (Scale I) in specialized discipline of

The government may have to invest 1,000 crore in two non-life insurance companies - Oriental Insurance and National Insurance - to make up for provisioning requirements towards third-party motor pool by March, said two people close to the development. 

It has been decided to exempt insurance companies and MFs from the provisions of SEBI (ICDR) Regulations relating to sale and lock-in of their pre-preferential shareholding in the issuer company,” SEBI chairman UK Sinha said after a board meeting on 29.1.2012

Health insurance benefit today is a hygiene factor for employers and they cannot afford to treat it as a talent attraction or a retention tool anymore.

At a time when the Madhya Pradesh government has decided to reimburse the cost of obesity surgery to the government employees, their