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Hospitals checked for irregularities in insurance scheme
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The special surveillance team visited several private hospitals and nursing homes in the city to investigate the irregularities in Rashtriya Swasthya Bima Yojna (RSBY) on Friday.
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Pension regulator empanels six life insurers for National Pension Scheme
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The Pension Fund Regulatory Development Authority (PFRDA) has empanelled six life insurers for providing annuity services to subscribers of the National Pension Scheme (NPS). The NPS was extended to all citizens from May 1, 2009.
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IFC assisting Meghalaya government for implementation of health insurance plan
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International Finance Corporation (IFC), a member of World Bank is assisting Northeastern state of Meghalaya for implementation of universal health insurance plan.
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Odisha Government asks officials to boost up raising of claims in RSBY
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Boost up the raising of health claims under Rastiya Swasthya Bima Yojana (RSBY) ordered Chief Secretary Bijay Kumar Patnaik while reviewing the progress of the scheme in Secretariat conference hall last evening.
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Tata AIG General launches lifetime health insurance policy
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Tata AIG General Insurance Company today announced the launch of first domestic lifetime renewable reimbursement health insurance policy.
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Tata AIG launches 'MediPrime'
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Tata AIG General Insurance Company has launched "MediPrime", their lifetime renewable reimbursement health insurance policy. Under this facility, a policyholder can enjoy the cashless hospitalisation benefit
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Magma Fincorp a step closer to kick-starting insurance biz
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Kolkata-based Magma Fincorp Ltd is one step closer to getting its general insurance venture operational. After almost three years Magma has got R2 licence from the Insurance Regulatory and Development Authority (IRDA).
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Stress on insurance awareness in coastal areas
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There is an imperative need to create awareness on the need for insurance in cyclone-prone coastal areas such as Visakhapatnam and insurance companies can tap business opportunities
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Religare Health gets R2 licence from IRDA
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Religare Health Insurance Company Ltd has received the R2 licence from the Insurance Regulatory and Development Authority (IRDA).
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Life insurance proposals to contain agent's recommendation on suitability
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All life insurance policy proposals will soon carry an agent's recommendation on the "suitability" of the product for the buyer.
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Trust seeks health insurance for families of domestic helps
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With nearly 150 girls currently registered with the trust, Sister Jemma is geared up to seek cooperation of the state welfare department in getting health insurance and BPL benefits for those girls' families.
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Keep communication in health covers simple: IRDA
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There is a need to make communication in health insurance understandable to policyholders, according to Mr J. Hari Narayana, Chairman, Insurance Regulatory and Development Authority.
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Mitsui to acquire 26% stake in Max New York Life
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Mitsui Sumitomo Insurance Company Ltd, Japan, is acquiring 26 per cent stake in Max New York Life Insurance Company Ltd from New York Life International Holdings Ltd
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LIC can adhere to 10% stake norm at ‘its own pace
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The Life Insurance Corporation of India need not rush to bring down its current stake in various companies to below 10 per cent. “I advise LIC to bring down the stake to below 10 per cent in a company.
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Life insurance sector declines marginally in 2011-12: IRDA
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The life insurance industry has declined only marginally in 2011-12 compared to the year-ago period, according to IRDA.
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Iffco Tokio infuses Rs 125-cr fresh capital
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Private sector general insurer Iffco Tokio has made a fresh capital infusion of Rs 125 crore to fund expansion.
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Cholamandalam MS bags best insurance co award
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Cholamandalam MS General Insurance Company has been awarded the best insurance company for ‘In time Claims Settlement for 2011-12’ under the Rashtriya Swasthya Bima Yojana scheme
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Insurance premiums to cost more due to service tax hike
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Insurance premiums will increase from April 1 as companies will pass on the hike in service tax on traditional life insurance plans, said Mr K. Sahay, MD and CEO, Star Union Dai-ichi Life Insurance.
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HDFC ERGO launches health claim services
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Private sector company HDFC ERGO General Insurance has launched Health Claim Services, its in-house health claim servicing department,
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Insurance companies may defer IPO plans
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The government's move to defer the easing of foreign direct investment (FDI) in insurance will hit IPO plans of large companies and, possibly, push consolidation.
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Insurers stepping up cover for ayurveda treatment
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Riding on increasing standardisation of, and demand for, ayurvedic treatment, insurance companies are fast bringing out new offerings in this segment.
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Third-party motor pool size to shrink, says IRDA
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The Insurance Regulatory and Development Authority, or Irda, has laid down a method for transferring risks to the newly formed declined risk pool for third-party motor policies.
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Budget 2012 proposal forces insurers to rework traditional plans
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Life insurers will have to rework traditional products before March 31 to comply with changes introduced in the Budget for policyholders to claim tax deductions. About 25-30% of insurance products with premiums less than 10%
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General insurers told to bring in Rs 8,000-crore capital
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The insurance regulator has asked general insurance companies to infuse about Rs 8,000 crore as capital.
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IRDA warns New India Assurance on violating norms
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The Insurance Regulatory and Development Authority has warned New India Assurance Company Ltd to strictly adhere to file and use guidelines.
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