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Industry News

25-30 banks to sell products of more than one insurer

May 6, 2016

Twenty-five to 30 banks will soon start distributing the products of more than one insurer, according to Mr Nilesh Sathe,…

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Life sector reports robust 22% growth in first-year premiums for FY2015-16

May 3, 2016

Life insurers in India reported growth of 22.6% in total first-year premium collection to INR1,387 billion (US$21 billion) for the…

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Non-life insurance premiums hit US$14.5 bln in FY2015-16

April 25, 2016

The general insurance industry has reported premium revenue of INR964 billion (US$14.5 billion), an increase of 14% for the financial…

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Mumbai & Delhi receive most diabetes-related claims

April 20, 2016

With diabetes affecting over 100 million or nearly 8% of the Indian population, Mumbai and the Delhi National Capital Region…

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Flyover construction failure could spare insurer from payout

April 11, 2016

The insurer of the Vivekanda Road flyover in Kolkata that collapsed last Month may not foot the bill for reconstruction…

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More than 40 banks apply to sell insurance for multiple Insurers

April 6, 2016

The insurance regulator IRDAI has received applications from over 40 banks to sell the insurance policies of multiple insurers under…

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Largest state-owned non-life insurer to list in FY2016-17

March 29, 2016

New India Assurance, the country’s largest general insurer, has confirmed that it is all set to be publicly listed in…

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NAT Cat premium rates to increase wef 1 April

March 22, 2016

The cost of insuring property against natural catastrophes is set to rise from the financial year beginning on 1 April…

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1st state-owned general insurer may be listed in FY2016-17

March 18, 2016

One or two government-owned non-life insurance companies may launch an initial public offering in the 12 months beginning on 1…

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Malware suspected in Bangladesh bank heist

March 14, 2016

Investigators suspect unknown hackers managed to install malware in the Bangladesh central bank’s computer systems and watched, probably for weeks,…

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