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Apollo DKV Insurance to invest Rs 5 bn in India

The company is a joint venture between Apollo Hospitals Group, which holds 74 percent in the venture, and DKV Deutsche Krankenversicherung AG, which is a part of German re-insurer Munich Re.

Web portal for info on insurance products

Private insurance broking firm Optima Insurance Brokers launched a web portal for information on insurance products.

IRDA for 25% investment cap on group cos under ULIP

Insurance regulator IRDA has decided to tighten the exposure norms under the ULIP scheme by imposing a investment ceiling of 25 per cent on group firms.

Munich Re, Hero start life insurance venture

Germany's Ergo Insurance Group and India's Hero Group have agreed to form a life insurance joint venture in India, Ergo parent Munich Re said on Friday.

SBI to finalise general insurance partner shortly

Country's largest lender State Bank of India on Thursday said it would finalise its non-life insurance partner during the month.

Indiabulls signs insurance JV deal with SocGen unit

Indiabulls Financial Services Ltd said on Friday it had signed a joint venture deal with Sogecap, the life insurance arm of France's Societe Generale, following a preliminary agreement in December.

Gratuity is a right not bounty, rules SC

Gratuity is an inalienable right of an employee and not a bounty that is offered by the management, the Supreme Court has ruled.

Max New York to double paid-up capital

Max New York Life Insurance announced it will nearly double its paid up capital to over Rs 1,500 crore by the end of next year to expand presence, as it seeks to become the top player among private life insurers.

FM to launch insurance plan for poor on Oct 2

Finance Minister P Chidambaram would launch an insurance policy for the weaker sections of the entire country here on October 2.

Govt to provide health insurance to poor

Government said it is working on a scheme to provide health insurance to the poor, besides offering life and disability cover to one earning member of each economically weaker family.

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