Indian life insurers plan to launch 500 new schemes in 2014

Life insurance firms in India are planning to roll out approximately 500 new insurance schemes over the next couple of months, after getting clearance by the Insurance Regulatory and Development Authority (IRDA).


Life Insurance

In order to make policies more customer-friendly, the industry regulator IRDA has set deadline for the implementation of its new guidelines from 1 January 2014.

An IRDA official was quoted by The PTI as saying that the agency has checked and approved more than 500 products designed by the domestic life insurers.

Under the new guidelines, the life insurance products have been distinctly divided into three broad categories - traditional insurance plans, variable insurance plans (VIPs) and unit-linked insurance plans (ULIPs).

Due to the new insurance rules, Life Insurance Corporation of India (LIC) has already ceased 48 insurance plans, including Jeevan Anand, Jeevan Madhur and Jeevan Saral and considering to roll out an array of new products.

Reliance Life Insurance, a private insurer, has designed more than two dozen new insurance policies, which include protection and retirement, for their launch in the next three months.

Reliance Life Insurance CEO Anup Rau was quoted by the PTI as saying, "We will begin selling 13-14 of our key products, which are compliant with the new product guidelines from January 1, 2014."

Both Aviva Life Insurance and Max Life Insurance have already rolled out an assortment of 13 new plans that are compliant with the new product guidelines.

Max Life Insurance director and product solutions management head V Viswanand said, "Of the 17 products for which we have clearance, 13 have already been re-launched. Another four will be introduced next month."

Under the new product guidelines, Bajaj Allianz Life Insurance has received approvals for its individual and group insurance plans and considering introducing three new insurance plans.

Bajaj Allianz Life Insurance managing director and CEO Anuj Agarwal told the news agency, "We are launching three new insurance plans which will cover the needs of individuals at their different life-stages and will be launching a suite of online and channel specific insurance plans by next month."




LIC IRDA life insurance jeevan anand jeevan saral


0 #9 download 2019-05-27 23:24
Heya are using Wordpress for your blog platform?

I'm new to the blog world but I'm trying to get started and create my own. Do you
require any coding expertise to make your own blog? Any help would be greatly appreciated!

Here is my web-site: download:
0 #8 2 2019-04-18 09:09
Very shortly this site will be famous amid all blog users, due to it's fastidious content

Feel free to surf to my website; 2:
0 #7 1 2019-04-14 04:29
Good response in return of this question with solid arguments and explaining everything concerning

my web site 1:
0 #6 Columbus 2019-04-11 20:30
Hello there, I discovered your blog by the use of Google even as looking for a comparable
topic, your website came up, it looks great. I've bookmarked it in my google bookmarks.

Hello there, just changed into alert to your weblog thru Google, and located that it's really informative.
I'm gonna watch out for brussels. I will be grateful for those
who continue this in future. A lot of people
can be benefited out of your writing. Cheers!
0 #5 download 2019-03-23 10:19
Hey! Do you know if they make any plugins to help with SEO?
I'm trying to get my blog to rank for some targeted keywords but
I'm not seeing very good results. If you know of any please share.

Look at my web-site :: download:
0 #4 8 2019-03-23 02:09
Hello! Someone in my Facebook group shared this site with us so I came to check it out.
I'm definitely enjoying the information. I'm book-marking and will be tweeting this to my
followers! Outstanding blog and terrific design and style.

Feel free to visit my blog 8:
0 #3 download 2019-03-19 17:30
It is actually a great and useful piece of information. I'm glad that
you just shared this helpful info with us.
Please stay us up to date like this. Thank you for sharing.

my web site download:
0 #2 Download site 2019-03-15 23:28
I like the valuable information you provide for your articles.
I will bookmark your weblog and check again right here frequently.
I'm rather certain I'll be informed a lot of new stuff proper here!
Best of luck for the next!

my web-site ... Download site:
0 #1 australian open live 2018-12-09 05:16
I really like your blog.. very nice colors & theme. Did you make this website yourself or
did you hire someone to do it for you? Plz answer back as I'm looking to design my own blog
and would like to know where u got this from. kudos

Add comment

Security code

Additional information

A Solsolis Venture Other initiatives are