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Insurance News

Star Health and Allied Insurance tops in premium collection [Posted by: InsuringIndia News on Friday, April 24, 2015 2:07 PM ]

Star Health and Allied Insurance has been ranked number one among all private stand alone health insurers in health insurance premium, as per data compiled by industry body General Insurance Council for the year ending March 31.

This also makes Star Health Insurance, number one among all stand-alone health insurers, procuring a premium of Rs 1,439.27 crore in the health insurance segment.

"This achievement shows the confidence which people have on us and the dedicated service done

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Exclusive bank JVs with insurers may split [Posted by: InsuringIndia News on Thursday, April 23, 2015 9:45 AM ]

Some joint venture insurance companies stare at the prospect of splitting, with the contours of profitability set to change if the regulator presses ahead with its diktat on bancassurance. Insurers such as MetLife and Dai-Ichi, which paid through the nose for partnerships with banks for their distribution, stand to lose if they alone do not benefit from the infrastructure.

Several banks had signed up joint venture partnerships on the basis that they will have an exclusive distribution arrangement.

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