Insurance News ME

Insurers bet on rural, micro products

KOLKATA: The eighteen life insurance companies had a good time in the last fiscal year, clocking new business premium of almost Rs 93,000 crore. However, with cut-throat competition and a host of new players waiting to step in, the current fiscal will be a lot tougher.

Bajaj Allianz Life Insurance ties up with SKS Microfinance

Bajaj Allianz Life Insurance and SKS Microfinance have joined hands to launch a group insurance product for micro-finance organisations.

China promotes micro-insurance to extend coverage in rural areas

Chinese farmers, who are not well protected against all kinds of risks for lack of proper insurance products, can expect to see more of them come under the insurance umbrella as the country started to promote micro-insurance products in rural areas.

Pakistan - PM widens scope of insurance schemes (Foreign Business Travellers Insurance, Crop Insurance and Micro Insurance for low-income borrowers)

ISLAMABAD: Prime Minister Shaukat Aziz here on Thursday approved three crucial insurance schemes, namely, Foreign Business Travellers Insurance Scheme, Crop Insurance Scheme and Micro Insurance Scheme for low-income borrowers.

LOJ launches new Protector policies: Targeted at persons with small incomes

Life of Jamaica (LOJ) has launched a new insurance product, the 'Protector Series', targeting a mass market of small and micro businesses as well as persons in lower-income groups.

"Life of Jamaica is entering a market that is currently underserved and does not recognise the need for such a service," said Karl Williams, LOJ assistant vice-president for corporate marketing.

Micro credit project gets a start in Turkey

Micro credit project, which helped its creator Professor Muhammed Yunus earn a Nobel Price in 2006, has received the support of Real Hypermarkets in Turkey. The supermarket chain is selling hand made products by Turkish women. The project enables women with low income to contribute in the family economy and to improve their life standard.