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41% growth in Life insurance industry in '06
Life insurance sector grew by 41 per cent in 2005-06 due to better performance of country's largest life insurer, LIC, and private players like Bajaj Allianz and ICICI Prudential.........

Insurance co in Bahrain offers pension scheme to NRIs
A Bahrain-based insurance company plans to offer a pension scheme for non-resident Indians in Gulf Cooperation Council (GCC) countries. The Life Time Pension II programme developed by Fakhro Insurance Services (FIS) is a regular-premium retirement solution that will offer flexible annuity options, ensuring customised choices to suit the need of the insurer on retirement.........

LIC unveils new gratuity plan, with lower fees
Life Insurance Corporation's (LIC) entry into group unit-linked business is likely to bring down management charges for retirement funds. The corporation has fixed lower charges for fund management, administrative charges and other charges for its new unit-linked gratuity plan.......

Insurance firms urged to explore hinterlands
Former chairman of the Insurance Regulatory and Development Authority (Irda) N Rangachary has called for focused efforts on the part of the regulatory authority and the government to promote rural insurance. Rangachary is currently the advisor to Andhra Pradesh chief minister Y S Rajasekhara Reddy.......

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