Insurance - Insurance Industry News, Insurance News, Insurance Companies, Indian Insurance Industry

ICICI Lombard offers customised crop insurance

ICICI Lombard is a 74:26 joint venture between ICICI Bank and Fairfax Financial Holdings of Canada.

'Raise FDI to 100% in specialised segments of insurance'

Economic Survey asked for raising the limit on foreign equity to 100 per cent in specialised segments like health and weather insurance.

ICICI Prudential Life launches Life Stage Assure Pension

ICICI Prudential Life Insurance launched its LSAP plan with guranteed additions of up to 200 pct of the first year premium.

LIC hikes its stake in Dena Bank

The country's largest insurer, Life Insurance Corporation of India, has hiked its stake to 5.15 per cent in Dena Bank..

MetLife to hike stake in Indian venture to 49%

American insurer MetLife is keen on raising stake in its Indian venture to up to 49 per cent as and when the government revises the cap on foreign holding in the sector.

LIC to invest Rs 50,000 cr in FY'10

Life Insurance Corporation of India said it will invest nearly Rs 50,000 cr in equity market this fiscal.

LIC to pump in Rs 40,000 cr in equities

Life Insurance Corporation of India said it expects to pump in around Rs 40,000 crore in equities in 2009-10.

Max to sell additional 23 pc stake to New York Life

Max India said it would sell additional 23 per cent in Max New York Life to its life insurance venture partner New York Life.

BSLI wants to be among top ensurers

Birla Sun Life Insurance said it aims to be among the top three life insurers in India.

Canara HSBC Life to infuse Rs 200 cr in FY'10

Canara HSBC Life Insurance said it will infuse Rs 200 crore during the second half of the current fiscal which will take the total paid-up capital to Rs 725 crore.

HSBC India insurance JV partners to expand capital

The Indian insurance joint venture of HSBC Holdings, will expand its capital by Rs 2 billion this year to meet growing business needs.

Bharti Axa Gen Ins launches new product

Bharti Axa General Insurance Company on Tuesday said that it has received regulatory approval for its Critical Illness Insurance Policy.

LIC in talks with Nomura for stake sale in mutual fund arm

Life Insurance Corporation said it is in talks with Japan-based Nomura Securities to sell stake in the mutual fund arm of state-run insurer.

SC turns down firm's mental harassment claim against insurer

The Supreme Court has rejected a paper company's claim for compensation on account of 'mental harassment' from state-owned National Insurance Company.

SBI Life, Syndicate bank tie up for home loan insurance

SBI Life Insurance has tied up with Syndicate Bank to offer housing loan insurance cover to banks home loan borrowers.

ICICI Prudential launches SecureSave

ICICI Prudential Life launched SecureSave that enables customers get the benefits of security and growth on their savings.

Religare in pact with Swiss Re for health insurance

Religare Enterprises has tied up with Swiss Re to set up a health insurance company in India.

‘LIC need not sell equity to meet 10% stake ceiling’

India’s biggest investor in stock markets-Life Insurance Corporation-can stay invested more than 10% in blue-chip companies but cannot raise its stake beyond the threshold...

Don't deduct premium if policy is returned in 15 days: IRDA

Insurance regulator IRDA asked all life insurance companies not to deduct any premium while giving back the money to the customer who wants to cancel the policy within 15 days of opting for it.

Now health cover till 65 years

In its latest directive, IRDA has directed that health insurance policies must allow insurance cover to all people at least till age of 65 years.

Reliance Cap may sell stake in insurance unit

Reliance Capital plans to sell between 10 and 26 per cent of its life insurance unit in the next four months.

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