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The NIASoM Times

 NIASoM ― http://niasomnews.blogspot.com

Insurance news and updates

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Listed: Jul 4, 2011

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Curtains on highest NAV guarantee cover plans

The NIASoM Times ― In a move that may further dent sales of unit-linked life insurance plans (Ulips), the Insurance Regulatory and Development Authority (Irda) is set to scrap the highest Net Asset Value (NAV) guarantee products.Highest NAV guarantee products ...

Tags: Ulips, Irda, Nav

NIASoM ― 13 Sep, 11

LIC joins online play with pure term policy

The NIASoM Times ― Life Insurance ∙ Corporation will sell its policy through the internet for the first time ∙ soon with the launch of a pure term plan. ∙ "We are in the process of ∙ designing a pure term product which would be sold...

Tags: Life Insurance, Online, Lic, Term Insurance

NIASoM ― 3 Sep, 11

Health insurers must update customers about list of hospitals

The NIASoM Times ― New Delhi: Health insurers offering cashless facility have been directed to keep their customers updated about any change in the list of hospitals as well as about alternative options in the vicinity, Parliament was informed on Friday. ∙...

Tags: Hospitals, Health Insurance, Irda

NIASoM ― 3 Sep, 11

Life insurers can invest in VC funds

The NIASoM Times ― The insurance ∙ regulator has opened the doors for life companies to invest in venture ∙ capital funds - a move that is likely to result in VC funds making a beeline for ∙ the Life Insurance Corporation of India which will...

Tags: Life Insurance, Irda, Venture Capital

NIASoM ― 3 Sep, 11

Reliance Capital, Nippon Life to explore broader tie-up

The NIASoM Times ― Reliance ∙ Capital and its Japanese partner in life insurance, Nippon Life Insurance, will explore ∙ strategic tie-ups in finance, initially in the asset management and private ∙ equity businesses of the Indian group....

Tags: Reliance General, Life Insurance, CAPITAL, Nippon

NIASoM ― 2 Sep, 11

Hurricane Irene FAQs: What Is Covered–Or Not–In Your Insurance Policies

The NIASoM Times ― Insurance companies are already handling claims and working to get people back to normal after the devastation caused by Hurricane Irene this weekend. Because of the widespread scope of hurricane damage, insurers give those who suffered the most...

Tags: Insurance, Global Insurance, Catastrophe, Irene

NIASoM ― 1 Sep, 11

Irene's Caribbean rampage could cost insurers $1.1bn - AIR

The NIASoM Times ― Insured losses from Hurricane Irene's rampage through the Caribbean will cost ∙ insurers between $500m and $1.1bn, risk modelling firm AIR Worldwide estimates. ∙ The modeller expects losses from the Bahamas, which Irene hit ...

Tags: Catastrophe, Rms, Air

NIASoM ― 28 Aug, 11

Q&A: US debt crisis

The NIASoM Times ― The battle between the White House and Congress continues over how to raise the US debt ceiling. If the 2 August deadline is missed, the government could quickly run out of money.Why is the debt ceiling so important?The US government has a legal...

Tags: Finance, Us Economy

NIASoM ― 1 Aug, 11

Soon, your visit to doctor too could be covered by insurance

The NIASoM Times ― A government health insurance scheme providing hospital cover to over 23 million poor households will also pay for visits to the doctor and medication if pilot projects currently underway prove feasible. The labour ministry, in collaboration with ...

Tags: Ilo, Icici Foundation, Health Insurance, RSBY

NIASoM ― 19 Jul, 11

India's biggest farm equipment maker Mahindra & Mahindra plans to venture into general insurance business

The NIASoM Times ― MUMBAI: Mahindra & Mahindra Group , the biggest farm equipment makers in the country, is planning to tie-up with an experienced company to venture into the Rs. 40,000-crore general insurance business, which is growing at around 20% a year.

Tags: Mahindra, Irda, General Insurance

NIASoM ― 14 Jul, 11

New Swiss Re sigma study “World insurance in 2010” reveals growth in global premium volume and capital

New Swiss Re sigma study “World insurance in 2010” reveals growth in global premium volume and capital

The NIASoM Times ― Global premium volume rose solidly in 2010, driven by economic growth, rebound in capital and solvencyEmerging countries continued to gain in importance - China became the 6th largest insurance marketInvestment income suffered from low interest ...

Tags: Insurance, Global Insurance, 2010, Swiss Re

NIASoM ― 14 Jul, 11

HDFC plans IPO for insurance business in two years

The NIASoM Times ― Housing Development Finance Corporation(HDFC) on Friday said that it may come out with an initial public offering (IPO) for its insurance business in about two years.

"We are planning to come up with an IPO for insurance in two years,"...

Tags: HDFC Standard Life, CAPITAL, Finance, Insurance Finance

NIASoM ― 9 Jul, 11

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