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The average premium per policy of a life insurance policy has decreased by nearly 8% in FY12 over last year, according to a study carried out by Deloitte India. The study, called Life Insurance Channel Management Benchmarking Study 2012, included nine Indian private life insurers as participants. Read more
Saraogi Insurance and Brokers Ltd (SIBL) said it plans to invest Rs 195 crore to develop and offer an array of IT driven new insurance products over the next three years. The company will soon be launching an online service ‘Bimaonclick.com’ for retail insurance offering an exclusive bouquet of insurance products both in life and general insurance, it said in a statement. Read more