2013 likely to be a year of transition for insurance industry: Yateesh Srivastava, AEGON Religare Life Insurance

In an interview Yateesh Srivastava, Chief Marketing Officer & Head – Talent, AEGON Religare Life Insurance discusses his outlook for the insurance industry and measures that the government can take to bring the industry back on track. Read more

Genuine step to widen insurance mkt: Sunil Godhwani

The finance minister has been able to deliver a balanced and inclusive budget with focus on poor, women and employment generation for youth. He has also steered clear of any large dollops of populism though the temptation would have been high, given that this was the last full-fledged Budget ahead of the 2014 general elections. Read more

Life insurance industry needs to tackle mis-selling of policies

The life insurance industry continues to face the menace of mis-selling. Even the finance minister publicly admonished insurers on the practice. The industry recorded a degrowth of insurance premium in 2011-12, while insurance penetration slipped to 3.40 from 4.60 in 2009. It is evident that no serious attempt has been made to find a way out. Read more

Second-generation insurance reforms on horizon

The government appears to be gearing up for second-generation reforms in the insurance sector.

When he resumed charge of the finance ministry, P Chidamabaram held a slew of meetings with the insurance regulator and captains of the industry in October 2012. Read more