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Non life insurers News
Commercial third-party motor pool ends In what comes as relief to the non-life insurance industry, the Insurance Regulatory and Development Authority (Irda) has dismantled the commercial third-party motor pool. The regulator has now decided to form a 'declined' pool, effective April 1. The move assumes importance, as it would free the pricing model and insurers would be able to price vehicles based on claims. Currently, premiums for third-party
Non-life insurance market to grow 18%
Mumbai, Sept 17 (IBNS) Driven by strong underlying demand tailwinds, the non-life insurance industry is estimated to grow at over 18 per cent till 2015 and reach a total size of Rs 90,000 crore from the current level of Rs 47,000 crore, apex chamber ASSOCHAM said on Saturday.
To go for a rider or a cover?
While riders come cheap, stand-alone policies provide comprehensive insurance
Health policies by life insurance companies will not be portable
Your plan to switch your existing health insurance policy from a non-life insurer to a life insurance company may not be possible, at least for now. The insurance regulator is likely to confine the
Irda releases norms for amalgamation of non-life insurance firms
Insurance Regulatory and Development Authority (Irda) today released a framework for amalgamation of non-life insurance companies to ensure smooth functioning of the sector.
Non-life insurers clock 22% growth in April-December
Non-life insurance companies registered 22.41 per cent growth in premium collections during the first nine months of the financial year. Non life insurers Galleries
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