Insurance

  • Budget 2014: FDI in insurance to be hiked to 49 per cent July 10, 2014

    New Delhi: In a big relief to the capital-starved private insurance sector, Finance Minister Arun Jaitley on Thursday proposed raising the Foreign Direct Investment (FDI) cap from 26 per cent to 49 per cent. "The insurance sector is investment starved. Several segments of insurance sector need expansion. The composite cap of...
  • Budget of hope: Health insurance industry demands hike in exemption limit July 3, 2014

    Counting down to the budget, the common man to corporate India everyone has their budget expectations. "As far as health insurance is concerned, I would request the government to increase the exemption limit under 80 D from 15000 and 20000 to a higher amount as in today's health insurance is...
  • Indian government working on world's largest health insurance scheme June 29, 2014

    Houston: The new Indian government is planning to bring about a 'complete transformation' of the health sector and is working on the blueprint of the world's largest universal health insurance programme. This was announced by Health Minister Harsh Vardhan as he read out a speech by Prime Minister Modi to a...
  • Shivraj Singh Chouhan urges Narendra Modi to continue National Crop Insurance Scheme June 14, 2014

    Madhya Pradesh Chief Shivraj Singh Chouhan has urged Prime Minister Narendra Modi to continue the National Crop Insurance Scheme in the interest of farmers till new arrangement is made and also sought early release of Rs 3,500 crore grant for Simhastha fair in 2016. In a letter to the Prime Minister...
  • Fake insurance racket busted, police arrest agent May 31, 2014

    Indore police's crime branch on Saturday arrested a Delhi-based man who, along with his associates, is suspected to have duped insurance policy-holders across the country. Additional Superintendent Police Dilip Soni said that Sunil Sirpurker, a local resident, had filed a complaint in this regard. According to Sirpurker, he received a call from a...
  • National Insurance Company's former manager gets 3 year rigorous imprisonment for bribery May 20, 2014

    A former manager of National Insurance Company has been sentenced to three years rigorous imprisonment by a CBI court in Bhopal for demanding a bribe of Rs 15,000 to settle an accident claim. The court also slapped a fine of Rs 20,000 on Raj Kumar Jhamtani, then Divisional Manager, National Insurance...
  • TN government urged to cover heart transplants in insurance May 9, 2014

    Chennai: A representation has been made to the Tamil Nadu government to cover heart transplant surgeries in its Chief Minister's Insurance Scheme to benefit the common man, a top doctor said on Friday. Dr KR Balakrishnan, Director, Cardiac Sciences, Fortis Malar Hospital, said a representation has been made to the government...
  • Obama scores victory with 7 million healthcare signups April 2, 2014

    President Barack Obama claimed a major victory as over seven million people signed up for medical insurance under his signature healthcare law at the end of the six-month open enrollment period. After a floundering start marked by computer glitches galore at its October launch, government run health market place saw a...
  • Patna doctors refuse to operate on hepatitis patients, demand insurance cover March 7, 2014

    Doctors at the Patna Medical College and Hospital (PMCH) are allegedly refusing to treat hepatitis patients due to fears of infection, and have demanded insurance cover. "In the last one month, six hepatitis patients have returned without surgery after doctors refused to operate on them," said a doctor of the surgery...
  • Odisha makes health insurance provision for journalists March 4, 2014

    Bhubaneswar: Odisha government on Tuesday decided to introduce health insurance scheme for journalists, official sources said. Chief Minister Naveen Patnaik approved a proposal in this regard which has provision of insurance cover worth Rs 1 lakh per annum. Five members of a journalist family could get benefit from the scheme, a...
  • New government's health insurance scheme to benefit 7 lakh families February 15, 2014

    Uttarakhand government on Friday decided to launch a special programme to benefit families not covered under the National Health Insurance scheme. The Chief Minister Health Insurance Scheme was cleared by the state cabinet at a meeting in Dehradun, official sources said. Around 7 lakh families in the state, who are not...
  • Nitish government announces Rs 10 lakh insurance scheme for scribes February 10, 2014

    In a step towards welfare of journalists, the Nitish Kumar government on Monday announced a mediclaim policy of Rs 10 lakh from February 20 this month. The Bihar State Journalists Insurance scheme, 2014 consists a sum of Rs 5 lakh for personal accidental cases of the scribes and an equal amount...
  • Scott Stallings rallies from three behind to win at Torrey Pines January 27, 2014

    San Diego: Scott Stallings was in the 18th fairway at Torrey Pines, 222 yards from the front of the green, needing a birdie to give himself a shot at outright victory Sunday in the Farmers Insurance Open. That's when his caddie told him, "Let's see what you've got." Above all, he...
  • Tiger Woods shoots 79 to miss cut at Torrey Pines January 26, 2014

    San Diego: Tiger Woods made his 2014 debut in a most dubious fashion - his first trip to Torrey Pines without sticking around until Sunday. Woods went seven straight holes making bogey or worse and wound up with a 7-over 79 in the Farmers Insurance Open to match his worst...
  • Jordan Spieth takes the lead at Torrey Pines January 25, 2014

    San Diego: Jordan Spieth showed maturity beyond his 20 years to take a one-shot lead at the Farmers Insurance Open by shooting a 9-under 63 on Friday. Spieth played his round on the easier North Course at Torrey Pines while second-placed Stewart Cink had a 71 on the South. Spieth achieved the...
  • Tiger Woods likes the look of firm and fast Torrey Pines January 23, 2014

    Tiger Woods could not wish for a better place to launch his 2014 PGA Tour campaign than at the Torrey Pines Golf Club for this week's Farmers Insurance Open outside San Diego where he will be hunting a record eighth victory. Not only was the picturesque venue perched above the Pacific...
  • Group insurance scheme for anganwadi workers soon: Vijay Bahuguna January 13, 2014

    Uttarakhand Chief Minister Vijay Bahuguna on Sunday said the anganwadi workers would be soon covered under a group insurance scheme. The state government would also issue an order to set up a Women's Welfare Fund, the Chief Minister said while addressing anganwadi workers at a programme in Dehradun. Bahuguna said that...
  • Website to be launched on Jan 26 to promote organ donation January 9, 2014

    A website in English and Hindi would be launched from January 26 in Indore to promote organ transplantation and its donation after death.  The bilingual website would make available a detailed database regarding organ transplant and its donation after the death of a person, official sources said on Thursday. Information about all...
  • Post-poll surveys give Congress the jitters December 5, 2013

    If on December 8 the result of the Assembly elections is in accordance of what post-poll surveys seem to be suggesting, then perhaps the Congress is going to find it very hard to bring the BJP on board over several key economic matters. The BJP has continued to oppose a...
  • LIC to stop selling 34 life insurance policies in December December 1, 2013

    Insurance giant Life Insurance Corporation (LIC) has decided to stop selling as many as 34 policies, including Jeevan Anand, Jeevan Madhur and Jeevan Saral, to comply with new regulatory guidelines. These policies are withdrawn in December as they are not in conformity with the provisions of new regulations on non-linked insurance...
  • Indian economy grows by 4.8 per cent in Q2 November 29, 2013

    New Delhi: After sluggish growth in the first quarter, Indian economy grew by 4.8 per cent in the second quarter this fiscal due to improved performance of farm, manufacturing, construction and services sectors. The country's gross domestic product (GDP) had expanded by 4.4 per cent in the April-June quarter of this...
  • DIAL asked to pay Rs 81 lakh to the families of 2 killed employees November 19, 2013

    The Delhi International Airport (P) Ltd (DIAL) has been asked by a tribunal to pay Rs 81 lakh compensation to the families of two of its employees who died on duty when their fire tender overturned while performing a time-test drill. The Motor Accident Claims Tribunal (MACT) ruled that the mishap...
  • Insurance company agent arrested for duping Facebook friend of Rs 1.10 crore October 18, 2013

    A resident of the Vijay Nagar in Ghaziabad was on Thursday arrested for allegedly duping a woman of lakh of rupees after befriending her on a social networking site, police said. According to police, the arrested person, identified as one Raghuveer Singh, had approached Devika, hailing from Gujarat on Facebook. Raghuveer got...
  • Emerging careers in banking, insurance sector October 13, 2013

    Even though there has been a downfall in the economy, banking and insurance sectors continue to provide career opportunities. The need is just to understand them. ...
  • US: Health insurance markets open; success to be seen October 1, 2013

    Millions of Americans will be able to shop for the first time on Tuesday on the insurance marketplaces that are at the heart of President Barack Obama's health care reforms, entering a world that is supposed to simplify the mysteries of health coverage but could end up making it even...
  • Reliance Life offers policies in electronic demat form September 25, 2013

    Mumbai: Private insurer Reliance Life Insurance Company Wednesday said its life insurance policies will be available in electronic demat form across all its products. "The electronic insurance account will eliminate repetitive KYC requirements and provide one view of policies, premium paid, claim history, nominee details, and bring in all the benefits...
  • No proposal from Chhattisgarh govt on setting up ESI hospital: K Suresh September 8, 2013

    Raipur: Union Minister K Suresh on Sunday said the Chhattisgarh government was dithering on construction of a Employees State Insurance (ESI) hospital which will benefit workers under the social security and health insurance scheme. "No proposal has come so far from Chhattisgarh government for setting up ESI hospital...If such proposal comes...
  • BJP backs Food Security Bill, but against some aspects, says Jaitely September 2, 2013

    New Delhi: 3:30 pm: Sitaram Yechuri blamed the government for indulging in practices of corruption. "There is no shortfall of money in the country. Money is being looted and parked through corruption. If the corruption can be controlled there will be a lot of money in the economy," Yechury...
  • Modest start for Switzerland's first drive-in 'sex boxes' August 28, 2013

    Greeted by a press pack rather than prostitutes, the first customer to roll up to Switzerland's sex drive-in on opening night took one lap of the facility before making a hasty exit. The second car, a family vehicle driven by a man in sunglasses under cloudy evening skies, broke down and...
  • India will grow at an average rate of 8.3 per cent during 2014-20: D~~amp;amp;B August 27, 2013

    India's economic growth has slowed significantly over the last two years due to structural and cyclical factors, however, going forward, the economy is expected to grow at an average rate of 8.3 per cent during FY14-FY20, says a Dun ~~amp;amp; Bradstreet report. According to the 'India 2020 Economy Outlook' launched by...