Insurance News

Kotak Life Insurance launches assured income accelerator that factors in cost of living

Offers increasing guaranteed income; tax benefit on premiums paid under Sec 80C and tax free guarant...

MCX shares gain after Kotak Mahindra Bank agrees to buy stakeFinancial Technologies signs deal with Kotak Mahindra Bank to sell its 15% stake in MCX
Bharti AXA aims to double its business in south by year end
Private insurer Bharti AXA General Insurance is planning to double its business in the southern regi...

'Insurer has to pay 3rd party even if policy premium cheque bounces'

An insurance firm is bound to pay 3rd party compensation to a road mishap victim, SC said.

Life insurance cos new biz premiums down 9.2%

Total new biz premium of life insurance cos in country declined by 9.2% to Rs 1,14,232.73 cr.

LIC increases stake in Pipavav to over 5%

In a BSE filing, Pipavav said LIC bought 13 lakh equity shares, or 0.188 per cent stake.

Green Tribunal sets aside nod to Jindal mining project

NGT has set aside clearance granted to a coal mining project in Raigarh district of Chhattisgarh.
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Insurance can play big role in routing savings to infra sector
Development of infrastructure is one of the top priorities for the new government.
IndiaFirst Life Insurance ties up with KVGB
IndiaFirst Life Insurance said it has tied up with Karnataka Vikas Grameena Bank (KVGB) to offer sim...
Insurance Bill may be taken up in current session: FinMin
Finance Ministry has said that it will try to push the Bill to amend laws on this in the current ses...
SBI Life Insurance aims 35 pct growth in FY'15
SBI Life Insurance, a 74:26 joint venture between State Bank of India and BNP Paribas' Cardiff, is a...
Insurance policies with low cover to attract TDS on surrender
This will, however, be applicable to policies that are not covered under Section 10 (10D) of the Inc...
Insurance industry hails Budget proposal of raising FDI cap to 49%
PNB Metlife India Managing Director and CEO Tarun Chugh opined that the 49 per cent composite increa...
Govt proposes 49% FDI in insurance, caps voting rights
Proposal to hike FDI cap in insurance first mooted by UPA govt.
Youth disabled in road accident gets over Rs 10 Lakh compensation
The tribunal directed Reliance General Insurance Company, with which the offending car was insured, ...
Insurance sector to benefit from any hike in invstment limit: TATA AIG
Since insurance is linked to the economy, giving boost to household savings would provide some relie...
HDFC ERGO and Accenture sign multi-year application outsourcing agreement
HDFC ERGO General Insurance Company and Accenture today announced that they have signed a multi-year...
Reliance Life Insurance launches Claims Guarantee service
Reliance Life Insurance Company (RLIC) launched 'Claims Guarantee', a service initiative to settle d...
Against listing on bourses: LIC to FM
The issue of listing of LIC had come up during a meeting of financial sector chiefs with Jaitley las...
Arun Jaitley calls insurers meet, seeks views on FDI cap
Insurance Laws (Amendment) Bill to hike FDI limit to 49% is pending.
Centre may make it less taxing for insurance firms in Budget
The government may give a boost to the insurance sector in the upcoming Budget with a host of tax in...
Irda tightens norms for replacement of life insurance policy
Irda has made it mandatory for agents to provide full details in transparent manner before persuadin...
Future Generali back in black, clocks profit of Rs 39.62 crore
Future Generali India Insurance posted a profit of Rd 39.62 crore in the financial year 2013-14.
Insurance Regulatory allows insurers to hedge interest rate risks
IRDA allowed insurance companies to hedge their interest risks by participating in interest rate der...
Consumer forum dismisses insurance claim filed after six years
The forum said the delay of six years in seeking the claim was a "very long period".
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