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MINIMUM GUARANTEED RETURN FOR PENSION PRODUCTS : IRDA
As regards pension products, all ULIP pension/annuity products shall offer a minimum guaranteed return of 4.5% per annum or as specified by IRDA from time to time. This will protect the life time savings for the pensioners, from any adverse fluctuations at the time of maturity.  
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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
  LIC Snaps Up Nearly 75% New Biz In Q1 (2010-07-29)
He Grip Of Insurance Giant Life Insurance Corporation's (LIC) On The Market Only Got Cemented This Quarter Further With The State-run Behemoth Cornering Nearly Three-fourths Of The New Premiums In The First Quarter With Rs 18,740-crore Business   Read More -->
  Tweak Commission Structure: Irda (2010-06-07)
In What May Lead To Lesser Front-loading Of Insurance Policies, The Insurance Regulatory And Development Authority (Irda) Plans To Spread The Commission Over The Tenure Of The Policy   Read More -->
  LIC To Invest Rs 2 Lakh Cr In 2010-11 (2010-06-17)
Life Insurance Corporation Of India (LIC) Is Looking To Invest Up To Rs 2 Lakh Crore In Various Asset Classes, Including Equity And Debt Markets, During The Current Financial Year.   Read More -->
  Health Plus Life Combo Product (2010-06-29)
In December, The Regulator Allowed Companies To Offer “Health Plus Life Combo Product” — A Policy That Will Provide Life Cover Along With Health Insurance. For This, Life And Non-life Insurance Companies Need To Enter Into Agreements To Offer The Health-cum-life Cover.   Read More -->
  Avoid Future Financial Crisis: FM To Insurers (2010-07-29)
Finance Minister Pranab Mukherjee Asked Insurance Companies To Create A Mechanism So As To Avoid Future Financial Crises, As The Recent Global Financial Meltdown Was Caused By The Complexity Of Various Financial Products.   Read More -->
  Canara HSBC Oriental Bank Of Commerce Life Insurance Future Smart Plan (2011-01-20)
Future Smart Plan Is A Unit Linked Insurance Plan That Provides Long-term Investment Opportunity To Build A Bright Future For Your Child.   Read More -->
  After A Year Of Consolidation, Life Insurers Get A Glimpse Of Profit (2010-06-07)
After Reeling Under Losses For Almost A Decade, Life Insurance Companies Are Now Turning The Tide. Four Life Insurers Have, So Far, Posted Profit, While Three Of Them Have Brought Down Their Losses.   Read More -->
  The Company Plan To Rope In Private Equity Partners And Local Partners To Expand In Other Countries  (2010-06-17)
The General Insurance Council Will Meet The Central Board Of Direct Taxes (CBDT) Officials On June 23 To Seek A Withdrawal Of A Proposed Capital Gains Tax In The Direct Tax Code, Released On Tuesday. The Revised Draft Has Proposed Capital Gain Tax On Income From Equity Investment Of Non-life Insurance Companies. If The Proposal Is Implemented In The Current Form, It Will Result In Around 20-25 Per Cent Reduction In Profit After Tax (PAT) Of Non-life Insurance Companies   Read More -->
  Prevention Of Money Laundering (2010-06-07)
The Prevention Of Money Laundering (Maintenance Of Records Of The Nature And Value Of Transactions, The Procedure And Manner Of Maintaining And Time For Furnishing Information And Verification And Maintenance Of Records Of The Identity Of The Clients Of The Banking Companies, Financial Institutions And Intermediaries) Amendment Rules, 2010 (the Rules)   Read More -->
  INTRODUCTION OF LIC BIMA ACCOUNT (2011-02-01)
This Is A Without Profit Variable Insurance Product Wherein The Proposals Will Be Accepted Under Non-medical Scheme Only. Under This Plan There Will Be A Policyholder″s Accountmaintained Separately For Individual Policyholder, Which Shall Consist Of Two Parts- Policyholder″s Regular Premium Account And Policyholder″s Top-up Premium Account.   Read More -->
  IRDA Tells Insurers To Ignore Sebi S Fresh Order (2010-04-14)
In A Sharp Rebuff To Market Regulator The Securities And Exchange Board Of India (Sebi) For Banning Issuance Of Any Fresh Unit-linked Insurance Products (ULIPs), Insurance Regulator IRDA Today Asked Insurance Companies To Ignore It Just Like The Previous Order.   Read More -->
  Reliance Life To Hire 3000 Managers This Year (2010-07-21)
As Part Of Its Expansion Plan, Anil Ambani Group’s Life Insurance Venture Reliance Life Will Add 3,000 Sales Managers To Its Payroll This Fiscal, Besides Hiring Another 150,000 Insurance Agents. “We Are Raising The Headcount By 20 Per Cent In The Current Financial Year. We Have Already Hired 2,000 Sales Managers In The First Three Months Of 2010-11, And Will Add Another 1,000 In The Coming Months.   Read More -->
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