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HDFC Standard Life hopes to break-even in FY12
Insurer HDFC Standard Life Insurance Company Ltd expects to break-even in the 2011/12 financial year, helped by an increase in premium income and reduction in operating costs, its chief executive said. HDFC Standard Life could launch an initial public offering in the second half of 2011 if an insurance bill, which proposes raising the foreign holding in insurance firms to 49 per cent from 26 per cent, is approved by the Indian parliament.  
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Source : http://economictimes.indiatimes.com/
More News Headline
  Private Insuers Complete 10 Years (2010-12-28)
Many Private Insuers Complete 10 Years   Read More -->
  ING Life Launches A New ULIP – ING Prospering Life (2010-12-28)
ING Life India, In Its 10th Year Of Operations, Today Launched A Versatile New Unit Linked Insurance Product, Which Meets The Wealth Accumulation And Protection Needs Of Customer.   Read More -->
  ING Life Launches A New Guaranteed NAV ULIP - ING Market Shield (2010-12-28)
ING Life India, In Its 10th Year Of Operations, Today Launched A New Unique Unit Linked Insurance Product, Which Provide The Customer The Opportunity To Participate In The Equity Market While Protecting Investments From Its Downside. The New ULIP, ING Market Shield Comes With Unique Benefits, Allowing Customers To Maximize Their Returns And Have Adequate Protection.   Read More -->
  Unclaimed Amount Of Policy Holders (2010-12-28)
Unclaimed Amount Of Policy Holders Increase Year On Year.   Read More -->
  Motor Third Party Liability Cover To Commercial Vehicles - Good News (2010-12-21)
IRDA Has Set Up A Committee On Commercial Motor Third Party Liability Cover.    Read More -->
Previous Month News
  Universal Life Products Shall Be Known As Variable Insurance Products (2010-11-26)
Universal Life Products Shall Be Known As Variable Insurance Products (VIP)and All VIP Shall Only Be Offered Under Non-unit Linked Platform And Shall Not Be Permitted On Unit Linked Platform.   Read More
  TATA AIG Fined Rs 5,00,000.00 (2010-11-26)
Expenses Of Management (EoM) For The Year 2008-09 Was 114.90% Which Is Beyond Permissible Limits Under Section 40B Of The Insurance Act, 1938   Read More
  Star Health Promoters To Dilute Stake (2010-11-13)
Star Health Promoters To Dilute Stake   Read More
  ULIPs To Charge For Fund Switching (2010-11-12)
ULIPs To Charge For Fund Switching   Read More
  Aegon Religare Life Insurance Is Expecting Its Online Sales To Contribute 10 Per Cent Of Its Total S (2010-11-12)
Aegon Religare Life Insurance Is Expecting Its Online Sales To Contribute 10 Per Cent Of Its Total Sales In The Next 12 Months   Read More
  Karnataka Bank Eyes Rs 100 Cr In Life Cover Premiums (2010-11-12)
Karnataka Bank Eyes Rs 100 Cr In Life Cover Premiums   Read More
  Corporation Bank Keen To Tap Strategic Relationship With LIC (2010-11-12)
The Bank Is Keen On Setting Up Branches In LIC's Branches And Divisional Offices.   Read More
  Aegon Religare Sees Potential In Child Plans (2010-11-12)
Aegon Religare Life Insurance Company Ltd Today Said That There Is Growing Interest In Taking Child Insurance Plans In The Country Both To Secure Their Future And Also Help During The Course Of Education   Read More
  Aegon Religare Looks To Change Product Mix (2010-11-12)
Private Life Insurer Aegon Religare Has Refiled Three Of Its Unit-linked Products With The Insurance Regulator To Comply With The New Regulations, And Looks To Change Its Product Mix Going Forward.   Read More
  Policy Papers To Show Agency, Broker Details (2010-11-12)
The Life And Non-life Insurance Companies Will Now Have To Display The Agency Code, Name And Contact Details Prominently On The First Page Of The Policy Document.   Read More
  ING Life Launches Unique Child Product (2010-11-11)
ING Life India Launched A New Child Insurance Product "ING Aashirwad" That Helps Parents Plan For Their Child's Future Goal And Thereafter Protect Its Life Without Any Additional Cost   Read More
  Product-ING Prospering Life New ULIP From ING Life (2010-11-09)
ING Life Insurance Today Launched A New Unit Linked Insurance Product-ING Prospering Life Which Meets Wealth Accumulation And Protection Needs Of The Customers   Read More
  Insurance Scheme For The Poor, Rashtriya Swasthya Bima Yojana (RSBY) : Govt (2010-11-09)
The Union Cabinet Will Consider Including The Country’s Four Million-plus Domestic Workers Into Its Flagship Insurance Scheme For The Poor, Rashtriya Swasthya Bima Yojana (RSBY), After Adding Street Vendors To The Eligible Categories Last Week   Read More
  HDFC Standard Life Hopes To Break-even In FY12 (2010-11-09)
Insurer HDFC Standard Life Insurance Company Ltd Expects To Break-even In The 2011/12 Financial Year, Helped By An Increase In Premium Income And Reduction In Operating Costs   Read More
  Regulators To Help Improve Disclosures, Profitability And Ensure Consumer Protection (2010-11-09)
India's Growing Consumer Class, Rising Insurance Awareness And Increasing Domestic Savings And Investments Are Among The Most Critical Factors That Have Positively Driven The Market Penetration Of The Insurance Products Among Its Consumer Segments.   Read More
  You May Soon Be Able To Switch Health Insurers (2010-11-09)
One Of The Important Initiatives Of The Regulator Is The Proposed Portability Of Health Insurance. This Is To Ensure That A Customer Continues To Enjoy Benefits Under His Health Policy Even If He Wishes To Change His Insurance Provider For Genuine Reasons   Read More
  Irda Bans All Forms Of Credit Insurance By Non-life Cos (2010-11-09)
The Non-life Insurance Industry Has Been Barred From Selling Any Form Of Credit Insurance, Following State-owned Insurer Oriental Insurance Facing Claims Up To Rs 400 Crore On A Cover Granted To Paramount Airways. Companies That Provide This Cover Have Termed The Reaction Knee Jerk And Fear That It Will Have Repercussions On The Economy.   Read More
  LIC Gets RBI Nod To Issue Pre-paid Cards To Clients (2010-11-09)
In A Move That Will Create A New Business Opportunity For India’s Largest Insurer, The Life Insurance Corporation Of India’s Card Division Has Received Permission To Issue Pre-paid Cards Into Which Policy Benefits Will Be Credited.   Read More
  Keep Watch For Fake Insurance Salesmen: IRDA (2010-11-09)
The Insurance Regulatory And Development Authority (IRDA) Has Warned The Public To Watch Out For Unscrupulous Persons Selling Insurance Policies By Claiming To Be The Regulator's Representatives.   Read More
  Mediclaim, Motor Insurance Portability Soon: Irda (2010-11-09)
Insurance Regulator Irda Today Said That Mediclaim Policy Holders, Who Are Not Satisfied With The Services, Will Soon Be Able To Switch Service Providers At The Same Premium.   Read More
  SBI Life Insurance Launches Ulip Product (2010-11-09)
SBI Life Insurance Today Said That It Has Launched A New Unit-linked Insurance Plan (Ulip) Called Saral Maha Anand.   Read More
  Reliance Life Launches Highest NAV Advantage Ulip Plan (2010-11-09)
ADAG Group Company, Reliance Life Insurance, Today Launched Of A Unit Linked Insurance Plan (Ulip) That Address Long-term Wealth Creation And Protection Needs Of Customers.   Read More
  Insurers Can Take Over Loans Of Only Govt-guaranteed Projects (2010-11-09)
Life Insurance Companies May Be Allowed To Take Over Banks Long-term Infrastructure Loans.   Read More
  Irda Suspends Universal Policies (2010-11-09)
The Insurance Regulatory And Development Authority (Irda) Has Suspended Sale Of Universal Life Policies (ULPs), Which Were Being Promoted As An Alternative To Unit-linked Insurance Plans, From October 23   Read More
  Insurers Seek To Invest In Gold, Fund Of Funds (2010-11-09)
Regulator Not In Favour Of Insurance Firms Dabbling In Commodities.   Read More
  LIC For Higher Premium For Aam Aadmi Scheme (2010-11-09)
Group Insurance Scheme Was Introduced By The Centre For The Landless Agricultural Labourers   Read More
Archive News Related to Insurance
  Ulip Row: Distributors Field Calls, Put Applications On Hold (2010-04-13)
Since Friday, When Sebi Fired The First Salvo By Banning 14 Insurance Companies From Selling Or Renewing Ulips, Investors Have Found Themselves Dragged Into A Battle Of Turf Between Sebi And The Insurance Regulatory And Development Authority (Irda).   Read More -->
  Private Insurance Firms Have More Death Claims Than LIC: FM (2010-06-21)
Private Sector Insurance Companies Have More Than Three Times The Outstanding Number Of Death Claims On Individual Insurance Policies Compared To State-owned Life Insurance Corporation Of India (LIC), Finance Minister Pranab Mukherjee Told The Rajya Sabha On Tuesday   Read More -->
  Irda To Cap Surrender Charges On Ulips, Standardise Terms (2010-06-07)
In What Would Make Unit-linked Insurance Plans (Ulips) More Investor-friendly, The Insurance Regulatory And Development Authority (Irda) On Tuesday Proposed To Cap Surrender Charges And Standardise The Revival Period For Polices That Had Lapsed.   Read More -->
  Shriram Group To Foray Into General Insurance (2010-06-17)
Shriram Group, A Chennai-based Diversified Group, Is Planning To Start General Insurance Operations In South-Asian Countries. The Group Said It Would Rope In Private Equity And Local Partners, In Each Country For The Proposed Foray. The Group Has A Life And Non-life Insurance Companies Each, Along With A South African Partner, In India. Shriram Group Chairman And Founder R Thyagarajan Said, “We Will Take General Insurance To Asian Regions. The Company Will Be Operational In Philippines By End Of This Year And Will Also Foray Into Indonesia. We Plan To Pump In Around Rs 100 Crore In These Two Countries”.   Read More -->
  IRDA Will Regulate Ulips : Govt (2010-06-21)
Putting An End To The Turf War Between The Insurance And Securities Market Regulator, The Centre Has Issued An Ordinance That Brings All Insurance Products Including Unit-linked Insurance Policies (Ulips) Under The Purview Of The Insurance Regulatory And Development Authority (IRDA).   Read More -->
  Surveyor - May 2011 Examination (2011-01-28)
Applicants Enrolled With Insurance Regulatory & Development Authority (IRDA) As Trainee Surveyors Upto June, 2010 Are Required To Submit Their Quarterly Training Reports With The Authority. Also Advised To Download The Application Form For Insurance Surveyors Examination And Submit The Same Along With The Requisite Fee.   Read More -->
  IRDA Issues Circular On Medical Insurance Policies And Cashless Facilities (2010-08-31)
In Order To Ensure That The Interests Of The Policyholders Are Not Adversely Affected, At Times When A Change In PPN Is Effected, The Insurers Are Directed To Inform The Policyholders At All Times, The Nearest Possible Alternative Hospitals Where The Cashless Facility Is Available And The Conditions Thereof.   Read More -->
  Irda Bans 4,261 Corporate Agents (2010-06-17)
The Insurance Regulatory & Development Authority (Irda) Has Banned Over 4,261 Corporate Agents Out Of The Total 7,000 In The Country. The Regulator Said Because These Agents Failed To Renew Their Licences They Are Not Authorised To Sell Policies From March 31, 2010. The Regulator Cautioned Insurance Companies And The General Public From Dealing With These Agents Or Getting Business Through Them   Read More -->
  AvivaIndia Launches 2 New Life Insurance Plans (2011-01-20)
Aviva Dhan Varsha And Aviva Life Shield Platinum Life Insurance Plan   Read More -->
  ULIP Lock In Period Increased To Five Years : IRDA (2010-07-09)
IRDA Has Increased The Lock-in Period For All Unit Linked Products From Three Years To Five Years, Including Top-up Premiums, Thereby Making Them Long Term Financial Instruments Which Basically Provide Risk Protection.   Read More -->
  Confusion Over Top-up Ulips (2010-06-07)
Policyholders Of Unit-linked Insurance Plans (Ulips) With A Top-up Option Might Find The Going Tough In The Next Few Months. Reason: Insurers Are Confused About The Recent Guidelines Issued By The Insurance Regulatory And Development Authority (Irda). Apart From Directing Companies To Provide A Sum Assured For Retirement Products, An Irda Circular Has Mandated A Cover For Top-up Premiums, Too.   Read More -->
  Insurers Push Pension Products This Month... (2010-06-07)
Anticipating A Fall In Sales Of Pension Products After New Guidelines Kick In From July, Life Insurance Companies Are Making A Strong Pitch To Sell These This Month.   Read More -->
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