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  • Make Your Diwali a Maxima Diwali with Exide Life Insurance | The Financial Express
    campaign challenges the traditional thought process of buying and gifting by suggesting an alternative of long term investing Do tweet and share the video on all your social handles Use MaximaDiwali hashtag in all your tweets and facebook posts To watch the three videos please click here http www exidelife in exide life wealth maxima diwali About Exide Life Insurance Company Limited Exide Life Insurance Company Limited formerly ING Vysya Life Insurance Company Limited commenced operations in 2001 and is head quartered in Bangalore The company is profitable and serves over 10 lakh customers across India and manages over INR 8 800 crores in assets The company is 100 owned by Exide Industries Limited and is proud to be part of a 100 year old brand heritage in India Exide Life Insurance distributes its products through multi channels viz Agency Banc assurance Alliances and Direct Channels The Agency channel comprises of over 35 000 advisors who are attached to over 200 company offices and customer care centers across the country The Alliances business includes distribution relationships with banks Corporate Agents Brokers Referral Partners Exide Life Insurance one of the leading life insurance companies in South India is now growing its franchise in East and other parts of the country The company is focused on providing long term protection and savings solutions and has a strong traditional product portfolio with a consistent bonus track record Exide Life Insurance has the ISO 9001 2008 quality certification for all Customer Service processes About Exide Industries Limited Exide is India s largest manufacturer of electric storage batteries and its biggest power storage solutions provider with a market capitalization of over INR 15 000 crores Since its introduction in India more than a hundred years ago Exide remains the foremost and the most trusted battery brand in India The century old brand equity is backed by a robust nation wide network of 18000 plus dealers As on 31st March 2015 With 7 world class battery manufacturing factories across India the range of products offered by the company covers everything from the smallest batteries required in motorcycles to the giant batteries powering submarines After all India moves on Exide First Published on November 4 2015 2 44 pm Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India

    Original URL path: http://www.financialexpress.com/article/industry/insurance/make-your-diwali-a-maxima-diwali-with-exide-life-insurance/161033/ (2016-02-08)
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  • Future Generali India aims to grow Health Insurance Premium by 50% in next 2 years | The Financial Express
    said Rao who was in Kolkata on Wednesday on the occasion of launching Health Total a new health insurance policy With the launch of Health Total a new product the insurer currently has six health insurance products It is planning to launch three more products in travel insurance segment after regulatory approvals Rao said Future Generali expects its motor insurance busines to grow 15 on year The country s insurance industry may not see high growth in motor insurance category given the car sales figures till now in FY16 he said The insurance firm is also looking at expanding its reach in the Eastern region by increasing its current market share of 6 through strengthening of the distribution channels At present it has more than 600 agents in the region across different channels and plans to add another 400 agents by this fiscal end First Published on October 28 2015 9 04 pm Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr

    Original URL path: http://www.financialexpress.com/article/industry/insurance/future-generali-india-aims-to-grow-health-insurance-premium-by-50-in-next-2-years/158137/ (2016-02-08)
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  • New Irdai norms to provide clarity for sector | The Financial Express
    Board of Directors or by the Indian promoter s and or Indian investor s Amitabh Chaudhry managing director and chief executive officer at HDFC Life said Irdai guideline is a critical step in providing substantive regulatory clarity around the interpretation of the Indian management and control requirement The authority has transparently laid down the criterion with a fairly balanced approach The regulator has also said total foreign investment both direct and indirect holding in an Indian insurance company shall not exceed 49 The Irdai also said the control over significant policies of the insurance company should be exercised by the board provided its constitution Key management persons excluding CEO may be nominated by the foreign investor provided that the appointment of such key management person is approved by the board of directors wherein majority of the directors excluding independent directors are the nominees of Indian promoters Where the chairman of the board is having a casting vote such chairman should be nominated by the Indian promoter s Indian investor s Irdai said In line with the IRDAI requirement we need to submit an undertaking towards compliance with the guidelines within next few months itself We will need to undertake few changes in our board and also re look at some of the shareholders arrangements ahead of that However we don t foresee any issue in this regard Chaudhry said On quorum Irdai said it shall mean and include presence of majority of the Indian directors irrespective of whether a foreign investor s nominee is present or not These guidelines would also be applicable to insurance intermediaries such as brokers third party administrators surveyors and loss assessors etc However in case of an insurance intermediary having more than 50 of its revenue from the non insurance activities these guidelines shall not be applicable to such insurance intermediaries Irdai said Existing insurance companies are required to comply with Indian owned and controlled guidelines within three months First Published on October 21 2015 12 03 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid to Chelsea

    Original URL path: http://www.financialexpress.com/article/industry/insurance/new-irdai-norms-to-provide-clarity-for-sector/154321/ (2016-02-08)
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  • Max Life Insurance launches ‘Monthly Income Advantage Plan’ | The Financial Express
    CEO Managing Director Max Life Insurance said Regular income is an eminent need for all at every stage of life especially when planning life events like child s higher education and retirement The Max Life Monthly Income plan not only provides guaranteed monthly income for 10 years and a maturity benefit but also ensures that the long term financial needs are met even in case of any eventuality Key Policy Features Monthly Income for the period of 10 years equivalent to sum assured equally divided in 120 monthly payouts Reversionary Bonus on completion of policy term accrued compound reversionary bonus is paid as lump sum Compound reversionary bonus will be declared every year starting from the second policy anniversary Terminal Bonus payable on earlier of surrender or maturity provided the policy has been in force for at least 5 years Policy Continuance Benefit in case of eventuality of death of life insured during the premium payment term this feature ensures that the nominee gets sum assured immediately In addition all future premiums if any are waived off by the company and the policy continues as planned at the time of inception and the nominee will get guaranteed monthly income and accrued compound reversionary bonus and the terminal bonus as per the timelines of the policy contract Enhanced protection through riders i Max Life Term Plus Rider for additional risk coverage ii Max Life Accidental Death Dismemberment Rider that provides additional lump sum benefit in case of death dismemberment caused by accident Tax Benefit on premiums paid and benefits received as per the prevailing tax laws Monthly Income Advantage Plan snapshot Parameter 10 Year Money Back Entry Ages 18 to 55 years Premium Payment Term PPT 12 15 years Policy Term PPT 10 Minimum Annualized Premium Rs 50 000 Premium Payment Modes Annual Semi Annual Quarterly Monthly Bonus Compounded Reversionary Bonus Survival Benefit 1 12th of 10 of Sum Assured payable monthly for 10 years 120 installments after completion of PPT Maturity Benefit Reversionary Bonus Terminal Bonus payable on completion of Policy Term Death Benefit Lump sum Death Benefit Waiver of Future Premiums if any Income Benefit as is Maturity Benefit as is Irrespective of the survival benefit paid First Published on October 20 2015 11 10 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85

    Original URL path: http://www.financialexpress.com/article/industry/insurance/max-life-insurance-launches-monthly-income-advantage-plan/153909/ (2016-02-08)
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  • IRDAI issues guidlines on FDI in insurance firms | The Financial Express
    officer should be through the Board of Directors or by the Indian promoter However key management person excluding CEO may be nominated by the foreign investor provided that the appointment of such key management person is approved by the Board of Directors wherein majority of the directors excluding independent directors are the nominees of Indian promotor it added Further it said that the control can be exercised by any one or more of criterion like by virtue of shareholding management rights shareholders agreements voting agreements any other manner as per the applicable laws Irdai said the guideliens are also applicable to insurance intermediaries such as brokers third party administrators surveyors and loss assessors However in case of an insurance intermediary having more than 50 per cent of its revenue from the non insurance activities these guidelines shall not be applicable to such insurance intermediaries The regulator said these guidelines shall come into force from the date of issue First Published on October 20 2015 9 56 am Tags Foreign Direct Investment FDI IRDA Please Wait while comments are loading More on this story Shopping space sees 75 growth in second half of 2015 Centre doing a rethink on multi brand retail FDI FDI in food processing to go up by 25 Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo

    Original URL path: http://www.financialexpress.com/article/industry/insurance/irdai-issues-guidlines-on-fdi-in-insurance-firms/153874/ (2016-02-08)
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  • Insurance broker Aon BV to exit India, cites ‘regulatory changes’ | The Financial Express
    venture Although the government raised the cap on FDI in insurance sector in March this year it s yet to receive any formal proposal from global insurance giants to increase the stake in the Indian joint venture in the last six months On the other hand some Indian and foreign partners of life and non life ventures have been involved in a tug of war over fair and reasonable pricing and valuation for hiking the stake While many Indian and foreign partners had earlier signed agreements for a pre determined price which is mostly at a very low price when the foreign promoter increase or exit the venture the subsequent Reserve Bank norms make it clear that it should be at a fair price Where the shares of an Indian company are not listed on a recognised stock exchange in India the transfer of shares shall be at a price not less than the fair value worked out as per any internationally accepted pricing methodology for valuation of shares on arm s length basis which should be duly certified by a Chartered Accountant or a Sebi registered merchant banker says the RBI circular on transfer of shares involving foreign direct investment FDI On the exit price the RBI says the guiding principle will be that the non resident investor is not guaranteed any assured exit price at the time of making such investment agreement and shall exit at a fair price computed as above at the time of exit subject to lock in period requirement Further the Insurance Act clearly says that being a major shareholder the management control should be with the Indian partner This has prompted foreign firms to take a cautious stand as the management control and day to day affairs of some joint venture insurance firms operating in India are now with the foreign partners Rahul Bajaj had last week told The Indian Express that we need to follow Indian regulations on valuation and management control Insurance Act states that management control has to be with the Indian partner This means Indian partner will have majority on the board IRDA chairman T S Vijayan had recently said at least six insurance companies have expressed interest in raising the stake of their foreign partners from present 26 per cent to 49 per cent First Published on October 13 2015 6 48 am Please Wait while comments are loading Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil

    Original URL path: http://www.financialexpress.com/article/industry/insurance/insurance-broker-aon-bv-to-exit-india-cites-regulatory-changes/150333/ (2016-02-08)
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  • Insurance News:Insurance News Today,General Life Insurance News,Health and Auto Insurance News | - Page 2The Financial Express | Page 2
    an enigma reveals CII Towers Watson study ANI August 1 2015 5 00 AM With the government increasing the FDI limit to 49 percent there is a keen sense of anticipation within the Indian insurance industry that is expecting a flush of foreign investment in the sector Apollo Munich launches Dengue Care with Rs 50 000 hospitalisation cover Heena Khandelwal July 28 2015 10 37 PM Apollo Munich Health Insurance launched a Dengue Care scheme available at one time premium of Rs 444 Standard Life eyeing hike in HDFC Life stake to 35 IPO possible says Deepak Parekh FE Bureau July 28 2015 9 00 PM Standard Life has expressed interest in increasing its stake in HDFC Life to 35 HDFC chairman Deepak Parekh revealed at the lender s annual general meeting AGM on Tuesday HDFC Ltd Financial Results for the Quarter Ended June 30 2015 Standalone and Consolidated Business Wire India July 28 2015 8 52 PM The Board of Directors of Housing Development Finance Corporation Limited HDFC announced its unaudited standalone and consolidated financial results for the first quarter of the financial year 2015 16 following its meeting on Tuesday July 28 2015 in Mumbai LIC elevates two more women into top echelons of insurer PTI July 26 2015 5 00 PM With women officers already heading most of its subsidiaries the Life Insurance Corporation LIC is continuing with the trend to place them in bigger roles China s Anbang Insurance concludes Delta Lloyd buy for 226 mn Reuters July 24 2015 2 22 PM China s Anbang Insurance Group has completed its purchase of Delta Loyd Bank Belgium from its Dutch parent Delta Lloyd NV for 206 million euros 226 million the two companies said on Thursday Japan s Meiji Yasuda to buy U S insurer StanCorp for 5 bn Reuters July 24 2015 9 24 AM Japan s Meiji Yasuda Life Insurance Co said on Friday it has agreed to buy U S based StanCorp Financial Group Inc for 5 billion the latest multi billion deal by acquisitive Japanese insurers New senior health insurance plan with Rs 1 lakh cover in the offing Surabhi July 22 2015 12 44 PM The government is finalising a new health insurance scheme for those above 60 years modelled on the lines of the Pradhan Mantri Jan Dhan Yojana and the Pradhan Mantri Jeevan Bima Yojana Sachin Tendulkar launches Aviva Early Starters Initiative July 21 2015 1 43 PM The Early Starters initiative will take forward Aviva India s What s Your Big Plan campaign where the insurer will provide 20 children an opportunity to live their dream profession for one day Sachin Tendulkar would be their chief mentor UK motor insurance premiums rose 5 pct in second quarter Reuters July 21 2015 8 37 AM British car insurance premiums jumped by more than 5 percent in the second quarter compared with the previous three months and a rise in insurance tax is likely to add to price increases recovery

    Original URL path: http://www.financialexpress.com/section/industry/insurance/page/2/ (2016-02-08)
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  • Insurance News:Insurance News Today,General Life Insurance News,Health and Auto Insurance News | - Page 3The Financial Express | Page 3
    Bureau April 7 2015 12 23 AM Life Insurance Corporation LIC of India and Dena Bank signed an MoU on Monday to implement the Pradhan Mantri Jeevanjyoti Bima Changing nominee in life insurance policies to cost Rs 100 now PTI April 3 2015 9 40 PM Cancellation or change in nomination in insurance policies now comes at a cost as regulator IRDAI has allowed life insurers to charge up to Rs 100 for any such modification Kin of rash driving victim gets compensation of nearly Rs 7 lakh PTI April 3 2015 3 50 PM Owner of the offending car is asked to pay Rs 6 88 546 to the family of Madhya Pradesh resident Surender Kumar who died in the accident in December 2007 The soaring cost of medical inflation April 1 2015 9 32 PM With the international crude oil prices falling around the 50 a barrel level general inflation in India SBI to divest up to 10 stake in SBI life insurance FE Bureau April 1 2015 11 24 AM SBI owns 74 of the total capital and BNP Paribas Cardif has the remaining 26 in SBI Life Insurance Germanwings Airbus A320 plane crash Lufthansa offers families initial aid of 50 000 euros AFP March 28 2015 10 51 AM Germanwings has offered the families of the victims of the French Alps air disaster up to 54 806 per passenger Australian insurer IAG to raise stake in SBI General to 49 PTI March 26 2015 2 04 PM Within days of Parliament clearing the Insurance Bill Insurance Australia Group IAG has decided to increase its stake in SBI s general insurance arm from 26 per cent to 49 per cent Terming Narendra Modi led govt s move positive on duration papers LIC keen on 40 year govt bonds PTI March 25 2015 4 27 PM Life insurance major LIC today said it is keen on buying 40 year bonds which the government is set to issue this year Axis Bank launches first of its kind financial planning app based on tablets FE Online March 24 2015 2 01 PM Axis Bank in a partnership with Max Life Insurance has announced the launch of a first of its kind financial planning app Global reinsurance giants set eyes on India market ENS Economic Bureau March 17 2015 8 18 AM John Nelson chairman Lloyd s said this new Bill is great news for Lloyd s as the Bill allows the Lloyd s market to operate in India India life insurers seek quick capital fix from PE investors after law change Reuters March 16 2015 9 41 PM Several Indian life insurance firms are courting private equity investors to boost their capital ahead of potential IPOs 1 2 3 4 5 Editor s Pick How Zika virus infection can spread From mosquito bites to urine transmission top 5 points to note From Real Madrid to Chelsea Know the top 10 richest clubs New Mahindra cars at the Delhi Auto Expo

    Original URL path: http://www.financialexpress.com/section/industry/insurance/page/3/ (2016-02-08)
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