Life Insurance Roundup, July 4, 2016

Get ready to own a stake in your favourite insurer as six companies line up IPO plans – The Economic Times

For equity investors, the drought of investing options in insurance all these years may turn into a flood this fiscal.  

How much life cover do you need? – The Economic Times

MUMBAI: How much life insurance you need depends on your income, liabilities and dependents. The thumb rule, financial experts say, should be at least 10-15 times the annual income. 

Irdai asks insurance cos details of social sector biz –

Regulator Irdai has asked insurance companies to file details of their business in the rural and social sectors, a move aimed at checking if they are fulfilling their obligations in these two areas. 

Insurers up tempo, don’t take your eyes off Dalal Street – The Economic Times

MUMBAI: Even if overseas investors have become wary of emerging markets due to global uncertainty, Indian stocks should find strong support from insurance companies, adding to a rally that has taken the benchmark Sensex to year highs. After a five-year hiatus, life insurers are turning net buyers of stocks amid a revival of faith in unit-linked insurance plans (Ulips).  

Mapping your financial requirements

As a first step, you need to identify your requirement for money and when you would need the money, i.e. why, how much and by when. 

FinMin to issue Cabinet note on listing of public sector insurance companies soon | Latest News & Updates at Daily News & Analysis

Finance Ministry will soon issue a draft Cabinet note on listing of public sector general insurance companies in line with the announcement made in the Budget. 

Notice of insurance claim | Inquirer Business

This may be attributed to, among others, the public’s unwholesome impression of insurance agents—they’re around when premiums are still being paid, but are nowhere to be found when claims are made. 

On Irda’s watch, you have little to worry from M&As – The Economic Times

MUMBAI: A wave of consolidation seems to be underway in insurance with HDFC Standard Life and Max Life engaging in merger talks and HDFC Ergo initiating the process of acquiring L&T General Insurance. Should policy holders be concerned? Not really.

How to live comfortable, stress-free life after retirement

The recent furore over the EPF taxation proposal has brought to the fore the issue of what we — as a nation — are doing to address the problem of a large elderly population. 

Real Life Insurance is a Real Need, Especially When You Need It – East Orange/Orange NJ News – TAPinto

I have worked in the insurance industry for years and have heard the many tragic and horrible stories, related to lack of preparation, concerning life insurance. People fool themselves into thinking that tragedy will not happen.  

Korean insurers under pressure to build up loss reserves under new accounting rule – Pulse by Maeil Business News Korea

The new global accounting rule the South Korean government is expected to embrace in 2020 is changing the overall landscape of the local insurance industry.  


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