While, life insurance giant LIC charges ahead clocking a whopping 44% growth in premium collections, private insurers continue their downward spiral. CNBC-TV18’s Avni Raja reports on how the numbers look.Here is a verbatim transcript of her comments on CNBC-TV18. Also watch the accompanying video.As per the IRDA data for August, LIC has mopped up almost Rs 21,000 crore as premium, which is up 44% YoY. Premium collections for private players on the other hand stood at about Rs 10,200 crore ver... Read Full Story

Private insurer ICICI Prudential has pipped SBI Life to regain the top position among private players garnering new businesses Rs 1,725 crore in the first five months of the current fiscal.SBI Life, promoted by the country's largest lender State Bank of India, earned first year premium worth Rs 1,704 crore in April-August period while ICICI Prudential collected Rs 1,725 crore in the same period, according to the Irda data.The ICICI Prudential's gain is mainly from the large premium the insura... Read Full Story

New Delhi, Oct. 1 First year premium income of life insurance companies rose 44.2 per cent on year in August, on account of a sharp increase in the income of state-owned Life Insurance Corporation of India.According to data compiled by the Insurance Regulatory and Development Authority, first year life insurance premium rose to Rs 9,044 crore in August from Rs 6,274 crore a year ago. First year premium income, an indicator of new business generated by insurance companies, was Rs 7,540 crore i... Read Full Story

MUMBAI: The premium collection of the life insurance industry grew by around 44 per cent to Rs 9,044.18 crore in August this year as against Rs6,273.57 crore in the same period last year, according to IRDA data.The private life insurance segment, however, witnessed a negative growth of around 8 per cent, while the Life Insurance Corporation of India (LIC) registered a whopping growth rate of 83 per cent in premium collection in August.LIC garnered a premium of Rs 6,544.99 crore in August this... Read Full Story

The American health care system has been called one of the best and worst in the world. Many experts say it is certainly the most expensive, costing $2.5 trillion a year or about $7,000 to $8,000 per person. Most Americans pay for their medical care through private insurance, which is partially subsidized by their employers. Elderly Americans receive health care largely paid for by a government trust fund that may eventually run out of money. An estimated 30 million others - a majority of the... Read Full Story

Hyderabad-based SKS Microfinance, which has launched micro-insurance project ‘Swayam Shakti Suraksha’ in partnership with Bajaj Allianz Life Insurance to cover its members, has now decided to launch a similar product to cover members’ husbands. Also Read Related Stories News Now - SKS lends to 5 mn women- Financial services arm's profit rises to Rs 42 crore- Not well insured- Bajaj Allianz invests Rs 50 cr in SKS Microfinance- SKS Micro gets Rs 50cr funding from Bajaj Allianz- Bajaj All... Read Full Story

President Obama talks a lot about how Americans who like their health insurance will be able to keep it. But Americans who hate their insurance might be able to dump it, according to the proposal unveiled today by Senator Max Baucus, Democrat of Montana.What do you think?In the great health care debate, there has been little discussion about full-time or part-time workers who already have health coverage through their employers but who don’t like their insurance, either because it’s too expen... Read Full Story

Nowadays it`s very hard to find cheap insurance. It`s becoming difficult day by day to get cheap auto insurance quotes.In this article we tried to explain you about some of the best and simple tips to find cheap auto insurance quotes.1. Choose a perfect car, it is always suggested to buy cars with smaller engines. Small engine cars comes with limited chance for modification. This way insurance companies will be afraid of thieves who steal the cars and sell it after small modifications.2.Decid... Read Full Story

In this present recession, economy has hit its worse. The trade analysts say that it may take some more time for the recovery of the economy. It takes much time to make the consumer comfortable to shop and buy things.Now the consumers think twice for each and every dollar they spend during the present economic times. Auto Insurance is one thing every time consumers look for best rates.Many people believe that this is the best time to shop for Auto Insurance. "They are very less consumers when... Read Full Story

WASHINGTON -- A key Republican wants President Barack Obama to consider a more incremental approach on health care when he addresses Congress next week, while Vice President Joe Biden said the administration is still pressing for "something substantial." Mr. Obama has long held back on the specifics he wants in health-care-overhaul legislation. In a speech before a joint session of Congress on Wednesday, he is expected to flesh out some of those details, while stressing significant areas of a... Read Full Story