HDFC Life launches ‘HDFC Life YoungStars’ and other top insurance news.

HDFC LifeHDFC Life, India’s leading private life insurance company and fame announced the launch of India’s first ever digital talent hunt for kids for categories in dancing, singing, musical instruments and comedy.

Pre-2006 pensioners will now get a hike in pension, in addition to the arrears, as the Centre has done away with a provision of having 33-year service for earning full pension.Banner-280120The Pension Fund Regulatory and Development Authority (PFRDA) hopes to add 60-70 lakh subscribers in FY17 to the Atal Pension Yojna providing post retirement security net to people, especially those employed in informal sectors.

At the end of the financial year 2015-16, EPFO settled 118 lakh claims out of which 39% were settled within 3 days, 79% within 10 days and 96% within 20 days. Major carmakers want U.S. auto insurance companies to help persuade millions of American car owners to get recalled vehicles fixed.

Private equity firm TPG Global LLC is considering a sale of Vertafore Inc, hoping a deal will value the U.S. provider of software to the insurance industry at more than $2.5 billion including debt, according to three people familiar with the matter.

The Hilb Group, a middle market insurance agency based in Richmond, Virginia, announced Tuesday that it has acquired Clark-Mortenson Insurance, a New Hampshire-based insurance and financial services agency.

Telematics-based insurance is still a niche, representing only around 2.5% of the South African retail vehicle insurance market.

As the technology gets better and cheaper, insurers expect its popularity to grow. ( A group of investors led by Matthew Sackett, former senior vice president of national sales for K&K Insurance and former president and CEO of Leisure Sports Specialists, has announced the formation of DOXA Insurance Holdings, LLC (DOXA).

Georgia’s insurance commissioner says he’s going to take every measure within the law to make sure policy holders with Allstate Property and Casualty Insurance are protected.

Covered California officials are looking into a way that the state might be able to offer health insurance coverage to immigrants who are in the U.S. illegally and now barred from obtaining coverage under the federal Affordable Care Act.

Curated from HDFC Life launches ‘HDFC Life YoungStars’ and other top insurance news.

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