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Bancassurance can help increase penetration of life insurance policies in India

 
 
Mortality protection gap in India is significant at USD 8,555 billion in 2014
Insurance cover for customers would be hundred times of the monthly recharge value, maximum of Rs 50,000
MTS plans to provide Rs 1 lakh accidental insurance cover to its new data subscribers
Life insurance industry recorded an 18.5 per cent growth in the new business during the first half of 2015-2016
Reliance Capital, the holding company of Reliance Life, received Rs 2,265 crore for the deal.
"The regulator is currently processing applications of ten players consisting of insurers and re-insurers," IRDA member (Finance and Investment) V R Iyer said.
 
 
By 2030, the annual women’s insurance market in India is estimated to be between Rs 1.4 – 2.3 lakh crore
The Madras High Court directed United India Insurance to reimburse treatment expenses of Rs 44,581 with 9% interest
With 49 per cent FDI being allowed in insurance sector, regulator IRDAI today said Indian promoters will have control over appointment of key management positions
The insurance regulator has clarified that Indian promoters will have control over appointment of majority of directors and key management personnel
Experts say Indian tourists usually do not opt for insurance while traveling overseas but theft or health emergencies could throw a spanner in the works.

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