Insurers focus on single premium products

Following recent changes to the guidelines for unit-linked insurance plans, companies are likely to focus more on single-premium products. In single-premium products, policyholders need to pay the......

Two IDBI Bank entities lose chief executives

IDBI Federal Life Insurance managing director (MD) & chief executive officer (CEO) G V Nageswara Rao is leaving at the end of this month.  Sanjay Sharma, chief executive and managing director......

Irda may cap fee on basic policies

After setting stiff norms for unit-linked insurance plans, the Insurance Regulatory and Development Authority is planning to cap charges on traditional products within three months. "We will......

Minimum investment, tenure for Ulips to rise

The minimum ticket size and the tenure for unit-linked insurance plans are set to be higher from the New Year. SBI Life has increased the minimum ticket size from Rs 6,000 to Rs 12,000. Likewise,......