IndiaFirst Life Insurance eyeing 30% growth in retail biz and other top insurance news


IndiaFirst Life Insurance is looking at 30% growth in retail premium collection in the current financial year. In 2015-16, the company’s overall premium collection stood at Rs. 1,967 crore. (FC)

Insurance regulator IRDAI has imposed Rs. 15 lakh fine on DHFL Pramerica Life Insurance Company for violation of guidelines on outsourcing norms for corporate agents licensing. (FC)

The general insurance industry has missed the ambitious target of crossing the Rs. 1 lakh crore-market in premium collection by a small margin at Rs. 96,401 crore, up almost 14% in the just concluded financial year. (FC)

After wooing farmers with health insurance at Uggi in Nakodar, Deputy Chief Minister Sukhbir Badal will be disbursing the cards at Adampur on April 19. (

British motor insurance rates held steady in the first quarter compared with the previous quarter, as January price cuts balanced out a recent rise in insurance premium tax, a survey showed on Monday. (

New Zealand’s leading health insurer Southern Cross has announced the release of a new health insurance product specifically designed for younger individuals, couples and families. (

Hawaii lawmakers are considering a bill to close the gap in car insurance coverage for transportation network companies like Uber and Lyft. (

Following KPMG’s South African Insurance Survey 2015, there are serious indications to suggest that the insurance industry in Africa are being transformed. The survey says, some of the changes in South Africa’s insurance sector have been as a result of regulatory and accounting changes. (

Demand for transactional risk insurance continued to increase during 2015 across all regions as investors looked to reduce deal risk, according to Marsh. Strategic investors and private equity firms turned to transactional risk insurance to close deals in record numbers during 2015. (

A Perth-based insurance broker has been permanently banned by ASIC after being found to have engaged in blatantly misleading and deceptive behaviour towards his clients. ( – See more at:

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