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Contract For Air India's Insurance Renewal Up On October 1

The race for getting national carrier Air India's insurance renewal deal has begun between public and private sector general insurers. A New India Assurance-led consortium of public sector insurers has emerged as the frontrunner, while the private sector has rallied behind a group led by ICICI Lombard General Insurance.
Click http://goo.gl/mq5soG  to read the full story. News by InsuringIndia.com.
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Exide Life Launches 'Assured Gain Plus', A Protection-Cum-Investment Plan

Private sector insurance player Exide Life Insurance Company has launched a traditional with insurance-cum-investment profits plan, named -Assured Gain Plus, aims at to provide guaranteed returns on investment with life cover.
Click http://goo.gl/TlWPwE to read the full story. News by InsuringIndia.com.
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General Insurance Cos To Work On Insurance Plan For Reactors

With a view to solve the liability issue plaguing nuclear reactors, the Government of India has asked General Insurance Companies (GIC) to work on a model that could be applied to insure such facilities in the country.
“This is preliminary work. We have asked GIC to prepare a product that can be used for the nuclear industry," said a senior government official.
Click http://goo.gl/AQhyEZ to read the full story. News by InsuringIndia.com.
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IRDA Disapproves Shah Rouf's Appointment As Tata AIA Life's MD & CEO

The insurance watchdog in India Insurance Regulatory and Development Authority has rejected the appointment of Mr. Shah Rauf as Managing Director and Chief Executive Officer of insurance joint venture Tata AIA Life Insurance, citing his accounting and governance failures at Aviva in Romania as the head.
Click http://goo.gl/l1OYDn to read the full story. News by InsuringIndia.com.
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Non-Life Insurers Expect 15% Premium Growth In FY 2014-15

Non-life insurance players in India, despite the continuous slowdown, expecting a growth in gross premium collection in the current fiscal year ending on March 31, 2015. The estimated growth is 15 per cent, 3 per cent higher than the previous fiscal that ended on March 31, 2014.
Click http://goo.gl/98cHtC to read the full story. News by InsuringIndia.com
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Competition Commission Probes State-Owned General Insurers For Alleged Unfair Business Practices

Competition watchdog, Competition Commission of India (CCI) has initiated a probe against various public sector general insurers and their association, for alleged anti- competitive practices with regard to third-party administrators (TPAs) in health insurance.
CCI recently ordered an investigation by its Director General-Investigation, against public sector general insurance firms-New India Insurance, Oriental Insurance, United India Insurance and National Insurance, as well as their combine, the General Insurers' (Public Sector) Association of India (GIPSA).
Click http://goo.gl/Shczgj to read the full story. News by InsuringIndia.com
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Surveyors Oppose Proposed Amendments To Insurance Bill

The most awaited Insurance Laws (Amendment) Bill-2008, is now being opposed by members of the Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA).
Opposing the proposed amendments to Section 64UM of the Insurance Act and the Insurance Laws (Amendment) Bill- 2008, leader of the surveyors, Mr. Bharat Dharmashi told reporters that this will promote unhealthy practices in the industry.
Click http://goo.gl/exmRzc to read the full story. News by InsuringIndia.com.
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LIC Takes Bullish View Of New Government

Country's largest investor the Life Insurance Corporation (LIC) of India is quite optimistic of Narendra Modi-led pro-business government.
Speaking during an interview inside his office in Mumbai, LIC Chairman Mr. S. K. Roy said he saw few red flags ahead, betting on a long-term rally for the country's stock market under a new pro-business government.
Click http://goo.gl/7qZ4g7  to read the full story. News by InsuringIndia.com.
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Health Insurance TPA Gets Licence

The Health Insurance TPA (third-party administrator) of India which has been set up to settle health insurance claims of state-owned general insurance companies has got necessary license from insurance regulator in India the Insurance Regulatory and Development Authority (IRDA).
Click http://goo.gl/AIcd5q to read the full story. News by InsuringIndia.com.
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Rash Driving Could Cost You Higher Insurance Premium

Vehicle owners having habit of rash driving could end up paying higher insurance premium for their vehicles; this is one of the key reforms being incorporated in the new Motor Vehicle & Traffic Safety law.
At present, insurance premium for vehicle is determined on the basis of vehicles only; but now, if the new law is implemented, it will be linked both to vehicle and record of its drivers.
Click http://goo.gl/l3L1AA to read the full story. News by InsuringIndia.com.
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AV Birla Group In Talks With Mometum Group For Health Insurance JV

Kumar Mangalam Birla-led diversified business conglomerate Aditya Birla Group and South Africa's third largest insurer Momentum Group, a subsidiary of Momentum Holdings are in talks to form a standalone health insurance joint venture in India.
“We are in discussions with Momentum Group)," Chief Executive for financial services at the Aditya Birla Group, Ajay Srinivasan confirmed the development.
Click http://goo.gl/HvCTQ0 to read the full story. News by InsuringIndia.com
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Sanlam To Invest $52 Million To Raise Stake In Shriram Insurance

South Africa's insurance giant, Sanlam Ltd considers investing up to 550 million South African Rand (about 52 million US Dollar), to increase its stake 49 per cent in the insurance arm of Shriram Group, one of the India's largest financial services conglomerates.
Click http://goo.gl/osrIxr to read the full story. News by InsuringIndia.com
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Introduction
InsuringIndia.com is India’s first multilingual eCommerce portal and one of the leading online insurance aggregators.

We provide a simple and intelligent customer-centric online platform for our clients, in their language of choice, to compare, choose and purchase all types of insurance products.

We also provide services to manage policies online.
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