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        <title>Insurance - News &amp; Analysis</title>
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        <link>http://insurance.industry-focus.net/</link>
        <lastBuildDate>Thu, 20 Sep 2018 02:13:09 GMT</lastBuildDate>
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            <title>Universal Sompo expands operations</title>
            <link>http://insurance.industry-focus.net/general-insurance/86-universal-sompo-expands-operations.html</link>
            <description><![CDATA[Universal Sompo, a joint-venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments and Sompo Japan Insurance Inc has opened its 15th branch in India. The company which started its operation last Nov in General Insurance sector is expected to have 16 physical branches and expects to garner  2-3 % of general insurance business. Currently, the company offer 40 products under different categories like property, marine, workmen association etc.,

 
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			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>United India wins mega policy</title>
            <link>http://insurance.industry-focus.net/general-insurance/85-united-india-wins-mega-policy.html</link>
            <description><![CDATA[United India insurance wins a mega insurance policy from IOC  at a premium of Rs.360 million. The risk coverage is for business interruption, asset cover and business risk. This is a prestigious policy keenly competed by private as well as other public sector companies. Though in normal practice,    ten percentage of the premium will be ceded to re-insurers. However, thanks to IRDA guidelines, United India will keep the booty in case of mega policies. 

 
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			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Health Insurance industry future is bright</title>
            <link>http://insurance.industry-focus.net/health-insurance/89-health-insurance-industry-future-is-bright.html</link>
            <description><![CDATA[  With only  2% of our population covered by health insurance, there is a huge potential for the insurance companies. Currently, there are only two stand alone players viz. Star Health Insurance and Apollo DKV. Now, state governments are also keen to look at insurance schemes for providing succour to poor people. According to sources, Fortis, Max Bupa, Aetna may enter market the health market now.   {backbutton} ]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Insurance markets heats up with launch of new schemes.</title>
            <link>http://insurance.industry-focus.net/industry-overview/78-insurance-markets-heats-up-with-launch-of-new-schemes.html</link>
            <description><![CDATA[ 
 

Last quarter is always a time, when salaried class look for tax-saving insurance schemes and insurance industry always make a killing this time. This year is no exception, around Rs.90,000 million is collected by LIC’s Jeevan Astha scheme. 
Contrary to expectations, Unit linked insurance scheme are doing well compared to assured returns schemes. Many consumers would feel that with stock markets down, ULIP could offer a better return in the long run. However, assured returns scheme offered now are very attractive and IRDA is investigating now to bring transparency on these products.
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			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Insurance companies lobbies for reforms</title>
            <link>http://insurance.industry-focus.net/industry-overview/76-insurance-companies-lobbies-for-reforms.html</link>
            <description><![CDATA[ 
 
Both public and private insurance companies have been lobbying for removing the ceiling of management expenditure, which is currently defined as percentage of direct premiums. For private companies, which have set shop after 2001 have been given a 6 period holiday. For them, initial years are crucial as they were establishing their business. But now, they too are actively lobbying now. 
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			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Insurance companies vye to invest in Government securities</title>
            <link>http://insurance.industry-focus.net/industry-overview/77-insurance-companies-vye-to-invest-in-government-securities.html</link>
            <description><![CDATA[ 
 
With a bleak performance of private sector, insurance companies look for cover to park their funds in government securities, certificate of deposits and in state governmental loans. IRDA regulations only mention a ceiling and not a floor level, helps them to seek safe securities in this turbulent times.

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			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Ryots play their cards smartly with Insurance cover</title>
            <link>http://insurance.industry-focus.net/industry-overview/79-ryots-play-their-cards-smartly-with-insurance-cover.html</link>
            <description><![CDATA[ 

Agricultural Insurance Corporation, which provides cover insurance cover for ryots in the country, is up against smart folks. Many farmers, wait for the deadline June 30 and monsoons. If monsoons start by time, they waive and if they see an erratic showers, they go for insurance cover. Last year, of the 12000 who bought insurance cover, around 8000 were benefited. In 2008, only 7500 have opted for the cover.

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			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>UPA Govt. introduces bills in parliament to reform insurance sector</title>
            <link>http://insurance.industry-focus.net/industry-policies/83-upa-govt-introduces-bills-in-parliament-to-reform-insurance-sector.html</link>
            <description><![CDATA[ 
 

In the fag end of its term, UPA govt. introduced some controversial  bills in parliament to reform insurance sector. The reforms include a) reduction of FDI cap from 26% to 49%, b) facilitating foreign re-insurers to set shops in India, c) defining health insurance, d) facilitating insurance companies to raise funds through newer instruments from market like banks, e) penalties etc.,
 
Though they face stiff opposition from Left, the bill will stay longer in parliament beyond April 2009, which may be taken up the next govt. 

 
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			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>IRDA suggest guidelines for M&amp;amp;As</title>
            <link>http://insurance.industry-focus.net/industry-policies/82-irda-suggest-guidelines-for-maas.html</link>
            <description><![CDATA[    Insurance industry, which was only limited to a 5 PSUs for a long time is now buzzing with 42 players operating in various categories. IRDA, the regulator is keen to provide normative guidelines, which could facilitate consolidation to remove any solvency issues. IRDA is also bringing in rationalization of insurance intermediaries.  {backbutton} ]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>IRDA restricts payment by cash for insurance premiums</title>
            <link>http://insurance.industry-focus.net/industry-policies/81-irda-restricts-payment-by-cash-for-insurance-premiums.html</link>
            <description><![CDATA[Insurance Regulation and Development Authority has asked insurance companies to restrict cash payments at lower levels of Rs.50000 as per anti-money laundering guidelines. Currently, as per guidelines, premiums, deposits of Rs.50K and above should be made only by card,cheque/DD or other banking channels. The limit is applied at aggregated level.  {backbutton}   ]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>IRDA asks for more disclosures</title>
            <link>http://insurance.industry-focus.net/industry-policies/80-irda-asks-for-more-disclosures.html</link>
            <description><![CDATA[  Insurance and Regulatory Development Authority (IRDA) has asked insurance companies to disclose more information to public to bring better corporate governance and transparency in operations. This order will come into effect from June 09 and insurance companies have to publish their solvency margin, loss ratio and claim settlement record. A new format is being designed. Currently, insurance companies only publish their premium income. Plus Life insurers have to keep records of all payments (except payment to agents) and investments and a compliance certificate by CFO to be issued. The insurers have to submit the same to IRDA in a tabular form  {backbutton} ]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Star-Dai-ichi to bring Rs. 1000 million as capital</title>
            <link>http://insurance.industry-focus.net/life-inusrance/92-star-dai-ichi-to-bring-rs-1000-million-as-capital.html</link>
            <description><![CDATA[Star-Dai-ichi, a joint-venture company between Union Bank of India, Bank of India and Dai-ichi Mutual Life Insurance Co of Japan will bring Rs.1000 million as additional capital in 2009-10. This move will help the company to achieve target of Rs.5000 million in premium income. A new regional office is opened to focus more in southern states. With this infusion of capital, the total investment has gone upto Rs.2500 million.  {backbutton} ]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Aegon Religare to enter health insurance</title>
            <link>http://insurance.industry-focus.net/health-insurance/87-aegon-religare-to-enter-health-insurance.html</link>
            <description><![CDATA[Aegon Religare is planning to enter health insurance sector later this year. Currently, the company is having products in pension and child insurance schemes. The company which is a joint-venture between Bennet Colleman,  Religare and Aegeon has capital base of Rs.3000 million and will raise it to Rs.3700 million and will also rope a partner for bancassurance next year. Currently, the company has 2200 agents and plans to increase the same by 10000 agents{backbutton} ]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>IDBI Fortis to infuse capital to the tune of Rs.2500 million</title>
            <link>http://insurance.industry-focus.net/life-inusrance/91-idbi-fortis-to-infuse-capital-to-the-tune-of-rs2500-million.html</link>
            <description><![CDATA[IDBI Bank, Fortis and Federal Bank have planned to infuse Rs.2500 in their joint venture insurance company. They will pump capital as per the proportion in the venture. IDBI-48 %, Federal Bank -26 and Fortis -26%. This is to improve the solvency norms guidelines of IRDA. The company plans to increase its branches from 31 to 100 by next fiscal and attempts to recruit 1500 people as advisors.     {backbutton} ]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Bajaj Allianz to insure all Volkswagen vehicles in India</title>
            <link>http://insurance.industry-focus.net/general-insurance/84-bajaj-allianz-to-insure-all-volkswagen-vehicles-in-india.html</link>
            <description><![CDATA[Bajaj Allianz General Insurance has signed a deal with Volkswagen Finance to insure all vehicles of Volkswagen and its subsidiaries viz. Skoda, Audi, Volkswagen and commercial vehicles soon to be launched. With this, Volkswagen customers, can expect seamless experience in getting insurance for their vehicles.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Bharti Axa Insurance to sell smart health insurance in India</title>
            <link>http://insurance.industry-focus.net/health-insurance/88-bharti-axa-insurance-to-sell-smart-health-insurance-in-india.html</link>
            <description><![CDATA[Bharti Axa Insurance, which already sells group health insurance in India has got approval from IRDA to sell smart health insurance. Smart health insurance is sold to individuals who meets certain pre-conditions without hassles of any medical tests as in case of normal health insurance. It plans to open 50 more office from its current 30 and add more sales force. The company has also filed for 3 more products with the regulator for Smart Health Critical, Smart Health Deductible and Smart Health Essentials.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Royal Sundaram launches smart health insurance online</title>
            <link>http://insurance.industry-focus.net/health-insurance/90-royal-sundaram-launches-smart-health-insurance-online.html</link>
            <description><![CDATA[Royal Sundaram launches over the counter family health insurance which can be purchased online.  No documentation or medical examination is required to purchase this policy. It offers cashless hospitalization in its network of 2000 hospitals across the country. It offers 24 helpline and ambulance facility at no extra cost. With this, the company offers a complete insurance solutions for individual who can purchase it online.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Insurance Companies cannot invest in IDRs now</title>
            <link>http://insurance.industry-focus.net/industry-policies/93-insurance-companies-cannot-invest-in-idrs-now.html</link>
            <description><![CDATA[The Insurance Regulatory and Development Authority (Irda) has prohibited insurance companies from investing in Indian depository receipts (IDRs), saying investments outside the country are forbidden by the Insurance Act.
The move has been made to protect policy holders money and will affect Standard & Chartered Bank which is planning to raise Rs. 5000 crore through an IDR issue.

IDR is an instrument in the form of a depository receipt created by an Indian depository in India against the underlying equity shares of an issuing company. In an IDR, foreign companies would issue shares to an Indian depository, which would, in turn, issue depository receipts to investors in India.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Life Insurers to avail facility of ECS now</title>
            <link>http://insurance.industry-focus.net/industry-policies/94-life-insurers-to-avail-facility-of-ecs-now.html</link>
            <description><![CDATA[Insurance Regulatory and Development Authority (Irda) has now allowed life insurance companies to settle claim through ECS (Electronic Clearance System) as against account payee cheque only. In a official announcement, it said now insurers will get smoother and faster settlement of  payments. It may be noted, insurers are already paying their premium through online transactions (ECS & NEFT)]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>HDI-Gerling International plans to enter general insurance in India</title>
            <link>http://insurance.industry-focus.net/general-insurance/95-hdi-gerling-international-plans-to-enter-general-insurance-in-india.html</link>
            <description><![CDATA[HDI-Gerling International, part of Talanx group, a major insurance player in Germany is planning a foray into India. It plans to invest Rs.1000 million and is likely to be headquartered in Kolkatta and set up shop here with Magma Financial Corp and Celica Property Developers under the banner ‘Magma HDI General Insurance’. It would become operational by 2011 after the statutory IRDA and RBI clearances.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Bharti AXA General Insurance plans micro health insurance</title>
            <link>http://insurance.industry-focus.net/health-insurance/96-bharti-axa-general-insurance-plans-micro-health-insurance.html</link>
            <description><![CDATA[Bharti AXA General Insurance plans to launch micro health insurance to tap the potential rural market. It has tied up with co-operative banks  and NGO’s  and other micro financial institutions to launch the same.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>ICICI Lombard to focus on motor insurance</title>
            <link>http://insurance.industry-focus.net/general-insurance/97-icici-lombard-to-focus-on-motor-insurance.html</link>
            <description><![CDATA[ICICI Lombard is planning to launch innovative programmes with customer focus to increase its turnover from auto insurance by 10%. The strategy is to provide a rich customer experience by easy documentation,  reduction in charges for claim process for large fleet owners etc., The company has issued 2.5 million policies last year with a turnover of Rs.6500 million. It may be noted, the company has achieved highest rank by JD Power study on customer satisfaction.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Bharti AXA General Insurance Co launched shop and house insurance products</title>
            <link>http://insurance.industry-focus.net/general-insurance/98-bharti-axa-general-insurance-co-launched-shop-and-house-insurance-products.html</link>
            <description><![CDATA[Bharti AXA General Insurance Co launched shop and house insurance products, an easy to buy, off-the-shelf products, which can be sold over the counter, which requires no inspection.   One is ‘Smart Householders Package policy’. It is priced at Rs.880 for Rs.0.2 million and Rs.,910 for Rs.0.5 million cover. This package offers comprehensive coverage on valuables, appliances, pets and other contents, personal accident and rent for alternate accommodation.
 Similarly, the ‘SmartPlan Shop Package policy” offers coverage by 12 different sections.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>AP government to introduce weather based crop insurance</title>
            <link>http://insurance.industry-focus.net/general-insurance/99-ap-government-to-introduce-weather-based-crop-insurance.html</link>
            <description><![CDATA[The Andhra Pradesh government is launching a weather based crop insurance scheme this year. It is setting up weather stations at all Mandals for implementation. The scheme will be rolled out chilly crop in Guntur district of the state in September 2009. They will be covering 13 districts for paddy, four each for groundnut and maize and one district for soya over the next 8 months covering major crop in each district.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>IRDA pronounces norms for health-life combo products</title>
            <link>http://insurance.industry-focus.net/industry-policies/100-irda-pronounces-norms-for-health-life-combo-products.html</link>
            <description><![CDATA[According to guidelines, insurers can come together to announce combo health-life products but should seek prior approval from the authority. As per the guideline, one should act as a lead provider and life insurer will underwrite the risk of life while that of health will be covered by non-life insurer. It can offer the product to individuals as well as to groups.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Max Group launches Max Bupa Health Insurance arm</title>
            <link>http://insurance.industry-focus.net/health-insurance/101-max-group-launches-max-bupa-health-insurance-arm.html</link>
            <description><![CDATA[Max India, one of the private player in life insurance and healhcare sectors has entered an alliance with UK based Bupa to form Max Bupa Health Insurance with a 74:26 stake. This is the 3rd company in the country in the health insurance sector. The company expects to breakeven in the next 5 years and is likely to have operations initially in Delhi, Mumbai, Bangalore, Chennai, Hyderabad and Pune and later in Ludhiana, Surat and Jaipur.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Apollo Munich rolls out travel-cum-health policy</title>
            <link>http://insurance.industry-focus.net/health-insurance/102-apollo-munich-rolls-out-travel-cum-health-policy.html</link>
            <description><![CDATA[Apollo Munich Health Insurance, a health insurance specialist has submitted to IRDA to launch a new scheme which will facilitates who travel abroad regularly. The scheme called ‘Optima Global' brings convenience as it is an annual policy that covers travel and healthcare. Accordingly, anyone who travels when falls sick abroad can avail healthcover. But the policy does not cover those who go abroad specifically for healthcare.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Future Generali launches critical care policy</title>
            <link>http://insurance.industry-focus.net/health-insurance/104-future-generali-launches-critical-care-policy.html</link>
            <description><![CDATA[Future Generali India Insurance Company has unveiled a ‘critical illness policy’ under the name ‘Future Criti-Care’. As per the insurance cover, the company will pay the entire sum insured in the event of diagnosis of critical or terminal illness. The payment process does not involve third party administrators]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Cashless facility withdrawn by health insurance providers</title>
            <link>http://insurance.industry-focus.net/health-insurance/105-cashless-facility-withdrawn-by-health-insurance-providers.html</link>
            <description><![CDATA[Leading health insurance providers have stopped direct payment to hospitals in order to bring discipline to hospitals which are overcharging customers irrespective of treatment. Over 18 health insurance companies, which include 4 public sector companies have taken 150 hospitals in Delhi, Bangalore, Mumbai and Chennai for cashless facility. According to sources, the health insurance companies are negotiating with hospitals for package deals for various treatment but none of them responded positively. Apollo, Fortis, Ganga Ram, Max or Medicity and other leading hospitals are taken from the list of cashless facilities. A new list is being prepared where deals are negotiated with hospitals for various treatment like cataract, gall bladder operation etc., Big chain hospital charge Rs.58,000 /- for a gall bladder operation whereas under the new package it will be charged anywhere between Rs.30,000/- and Rs.48,000/-. According to third party administrators (TPA), roughly 11% of hospitals (350 of them) are cornering around 80% of the total cashless claims. Private Hospitals and Nursing Homes Association (PHARNA) has requested the public sector general insurance companies to reconsider this move and is to take part in negotiations with the TPA for a constructive solution]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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            <title>Iffco –Tokio gains confidence in farm insurance</title>
            <link>http://insurance.industry-focus.net/general-insurance/106-iffco-tokio-gains-confidence-in-farm-insurance.html</link>
            <description><![CDATA[Iffco-Tokio which had launched a unique, transparent insurance scheme is entering its 10th year of operations. The scheme called “Sankat Haran Bima Yojna” will cover any farmer who buys fertilizer bag of   50 kgs is automatically insured for a sum of Rs.4000/-. (subject to a ceiling of Rs.1,00,000/-)There is less documentation and the claim can be made even with a receipt of purchase and is valid for a period of 12 months. The premium amount of Re.1/- will be borne by Iffco which uses this media as an effective advertising media.]]></description>
			<pubDate>Thu, 29 Aug 2013 10:22:44 GMT</pubDate>
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        </item>
        <item>
            <title>Chola Mandalam launches new insurance scheme</title>
            <link>http://insurance.industry-focus.net/health-insurance/107-chola-mandalam-launches-new-insurance-scheme.html</link>
            <description><![CDATA[	 Chola Mandalam Health Insurance has launched a new scheme 'Chola Swasth Parivar Health Insurance Policy' a family 
	floater policy offering a combination of health and personal accident covers. The premium for a family of four is Rs 5,005 for 
	a sum assured of Rs three lakh. Currently, Health insurance is the fastest growing sector in insurance business and is poised 
	to grow at 25 per cent over the next five years. By 2020, it is estimated to be around Rs 200 billion.  
 ]]></description>
			<pubDate>Wed, 20 Nov 2013 07:15:27 GMT</pubDate>
            <guid isPermaLink="false">http://insurance.industry-focus.net/health-insurance/107-chola-mandalam-launches-new-insurance-scheme.html</guid>
        </item>
        <item>
            <title>IRDA to cut delay in crop insurance services </title>
            <link>http://insurance.industry-focus.net/component/content/article/65-news/agri-insurance/108-irda-to-cut-delay-in-crop-insurance-services.html</link>
            <description><![CDATA[
	 IRDA (Insurance Regulatory Development Authority) is considering methods to reduce turnaround time in crop insurance 
	services. Currently, the farmers are not paid for any claims for two seasons due to delay in crop damage assessment. So, 
	IRDA is looking to technology to assess damage with Indian Meteorological Department and to increase the common service 
	centres.
]]></description>
			<pubDate>Wed, 20 Nov 2013 07:16:25 GMT</pubDate>
            <guid isPermaLink="false">http://insurance.industry-focus.net/component/content/article/65-news/agri-insurance/108-irda-to-cut-delay-in-crop-insurance-services.html</guid>
        </item>
        <item>
            <title>Government allows entry of private sector in agriculture insurance</title>
            <link>http://insurance.industry-focus.net/component/content/article/65-news/agri-insurance/109-government-allows-entry-of-private-sector-in-agriculture-insurance.html</link>
            <description><![CDATA[
	 Government of India has merged various schemes under agriculture insurance and is allowing private sector companies to 
	enter the agriculture insurance market. The new measures, which took effect from 1 November 2013, are expected to make the
	 experience of insuring crops farmer-friendly, according to the Ministry of Agriculture.
	
	The Indian government has merged the Pilot Weather Based Crop Insurance Scheme (WBCIS), Pilot Modified National 
	Agricultural Insurance Scheme (MNAIS) and Pilot Coconut Palm Insurance Scheme (CPIS) into the National Crop Insurance 
	Programme (NCIP).
	
	Private insurance companies with adequate infrastructure and experience will be allowed to implement NCIP besides the 
	Agriculture Insurance Company of India (AIC). This is expected to ease the burden on AIC, which is also the world's largest 
	crop insurer, and give farmers a wider choice.
	
	The government says that a state-level Coordination Committee on Crop Insurance will be responsible for monitoring of the 
	scheme along with insurance companies
]]></description>
			<pubDate>Wed, 20 Nov 2013 07:16:48 GMT</pubDate>
            <guid isPermaLink="false">http://insurance.industry-focus.net/component/content/article/65-news/agri-insurance/109-government-allows-entry-of-private-sector-in-agriculture-insurance.html</guid>
        </item>
        <item>
            <title>Birla Sunlife launches new life insurance scheme</title>
            <link>http://insurance.industry-focus.net/life-inusrance/110-birla-sunlife-launches-new-life-insurance-scheme.html</link>
            <description><![CDATA[
	 Birla SunLife has launched a new insurance scheme called "Vision Lifesecure Plan" which will provide life coverage besides 
	regular bonuses through lifetime until the age of 100. Vision LifeSecure Plan offers maturity and death benefits, including 
	regular accrued bonuses and terminal bonus, if any, besides providing the flexibility to choose the sum assured and the policy 
	term, at inception. In the event the insured person survives until the end of the policy term, a maturity benefit is payable to the
	 policyholder.
]]></description>
			<pubDate>Wed, 20 Nov 2013 07:17:05 GMT</pubDate>
            <guid isPermaLink="false">http://insurance.industry-focus.net/life-inusrance/110-birla-sunlife-launches-new-life-insurance-scheme.html</guid>
        </item>
        <item>
            <title>Aegon Religare launches new insurance plan for the risk averse</title>
            <link>http://insurance.industry-focus.net/life-inusrance/111-aegon-religare-launches-new-insurance-plan-for-the-risk-averse.html</link>
            <description><![CDATA[	
	 AEGON Religare Life Insurance today launches a new product 'AEGON Religare Guaranteed Growth Insurance plan, 
	seeking to target risk-averse customers looking at a steady return over the medium-term.
	
	It offers the customer an eight-year premium paying term and a ten-year policy term, at the end of which the customer 
	gets an annual return equivalent to 150 per cent of the premium, paid for a period of 8 years. The plan carries the benefit of 
	providing a guaranteed return to customers for a period of eight years, after the policy term. It is an ideal plan for a medium-
	term investor who needs the security of growth, without undue risk. The minimum age to enter the policy is eight years, 
	whereas the maximum is 50 years.
]]></description>
			<pubDate>Fri, 20 Dec 2013 05:59:53 GMT</pubDate>
            <guid isPermaLink="false">http://insurance.industry-focus.net/life-inusrance/111-aegon-religare-launches-new-insurance-plan-for-the-risk-averse.html</guid>
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