Budget 2013: OPPI wants increase in deduction with respect to health insurance premium

Organisation of Pharmaceutical Producers of India (OPPI) in its budget 2013 wish-list has asked the government to government to increase the deduction to an individual or HUF under Section 80D with respect to health insurance premium paid. Read more

70% insurance customers’ loyalty at risk as retention challenges escalate

With an average of only 30% of customers globally reporting having positive customer experiences with their insurers, insurers will need to address multi-distribution and customer experience, concludes the sixth annual World Insurance Report 2013 (WIR 2013) released by Capgemini and Efma. Read more

Life insurance premiums may come down from April 1

Life insurance premiums may come down as the number of deaths per person (mortality rate) has reduced, according to the new mortality table released by the Insurance Regulatory and Development Authority (IRDA). Read more

In times of blight, govt falters on insurance

– Off-budget expenses drain cash needed to pay premium for scheme for potato farmers

The cash-strapped state government has defaulted on paying its share of premium for a potato crop insurance, putting farmers in a spot at a time blight has infected the vegetable in large parts of West Midnapore and Burdwan. Read more

The future of the insurance sector is pension and health products: D K Mehrotra

Life Insurance Corporation of India has planned to get into the banking sector through its subsidiary, LIC Housing Finance. D K Mehrotra, chairman of Life Insurance Corporation of India, the government-owned giant, talks of their plans with Business Standard. Read more