India life insurers seek quick capital fix from PE investors after law change

By Sumeet Chatterjee MUMBAI (Reuters) – Several Indian life insurance firms are courting private equity investors to boost their capital ahead of potential IPOs, which became more feasible after a new law allowing higher foreign ownership in a sector that last year was worth $ 50 billion. The law, approved last week, lets insurers including […]

New law to enable doubling insurance penetration by 2020

Chennai, March 12 (IANS) The passage of the insurance bill by parliament allowing increase in foreign direct investment (FDI) to 49 percent and other provisions is expected to nearly double insurance penetration in five years time, said a top official of life insurance industry body. Already 10 life insurers from different parts of the world […]

Women lagging in life insurance

The number of women with life insurance is 10 per cent lower than man, according to figures released by insurer TAL. LIFE INSURANCE – Yahoo News Search Results

Technology used to grow young insurance policy holder market

A major diversified financial services institution is using technology as a key to entice a younger market into making more life insurance and retirement products “Those in their 20s and 30s are seeing the importance of financial literacy, even more than their parents do. They invest on mutual funds and insurance policies because they are […]

Life insurance exempted from GST – Bernama

Life insurance is exempted from the goods and services tax (GST), says Life Insurance Association of Malaysia (LIAM). In a statement today, the association said among the GST-free products were whole life, endowment, child, education insurance and annuity policies. However, premiums for non-life riders such as critical illness, medical and… LIFE INSURANCE – Yahoo News […]

'Insurance FDI hike to bring in Rs.50,000 crore capital'

Chennai, March 4 (IANS) The passage of the Insurance Bill in the Lok Sabha is most welcome as it would spur the sector's growth and penetration of insurance, and bring in Rs.50,000 crore capital, said a top official of Life Insurance Council. Life insurance is capital intensive and needs large doses of the same for […]

New China Life says ends plans for Internet venture, strategic sale

New China Life Insurance (NCI) Co Ltd, China's third-largest life insurer, said on Sunday it had aborted the planned sale of a stake to a strategic investor which was to help it develop its Internet insurance business. New China Life didn't disclose the name of the investor, but state newspaper Shanghai Securities News reported in […]

Baden-Clay's life insurance claim denied

A court has ordered Allison Baden-Clay's life insurance – worth more than $ 700,000 – be paid to her family, not her jailed husband. LIFE INSURANCE – Yahoo News Search Results

Insurance premiums boost ClearView profit

Higher life insurance premium income has boosted ClearView's half year profit. LIFE INSURANCE – Yahoo News Search Results

AXA named No. 1 insurance brand, says global survey

Life insurance and investments firm AXA was recently named ‘Number One in insurance’ by Interbrand for the sixth consecutive year. According to Interbrand, the brand strategy and design consultancy firm whose “Best Global Brands” ranking has become an industry benchmark, AXA moved up six slots to 53rd place, with a brand worth of $ 8.120 […]

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