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IDBI Fortis Life Insurance to break even by 2015

IDBI Fortis Life Insurance said it expects to break even by 2015.

HDFC Std Life expects 15% growth in its premium

HDFC Standard Life is aiming for a 10-15 per cent growth in new business premium in the current financial year, a top company official said.

ING Life launches its new Ulip plan

ING Vysya Life Insurance launched a unit-linked investment solution-ING Flexi Life Plus, which offers flexibility in premium payments.

Allianz Q3 net income stood at 1.32 bn euros

Global insurer Allianz reported its third quarter net income at 1.32 billion euros.

AXA Asia-Pacific rejects break-up plan

The break-up plan would have left its Australian assets with rival AMP and its Asian assets with French parent AXA.

Birla Sun Life MF AUM up 68 per cent

Birla Sun Life Mutual Fund has posted a 68 per cent y-o-y growth in Assets under Management.

Axis Bank Executive Director Hemant Kaul resigns

Axis Bank’s Executive Director, Hemant Kaul has resigned from the bank to join as the Chief Executive Officer of Bajaj Allianz General Insurance.

Govt for consensus to pass reforms bill: FM

The Government sought broad political consensus to clear the crucial legislations, including the labour and the insurance bills, to push forward the reforms for returning to 9 per cent economic growth.

IRDA to stick to Nov 1 deadline on disclosure norms

Insurance regulator IRDA said that it would stick to November 1 deadline to bring out guidelines for public disclosures to be made by insurance companies.

PM urged to release Rs 356.58-cr crop insurance

Andhra Pradesh Chief Minister K Rosaiah has requested Prime Minister Manmohan Singh to immediately release Rs 356.58-crore from the Centre towards payment of insurance claims to farmers who suffered crop loss due to recent floods and drought in the state.

LIC market share rises to 66 %

Life Insurance Corporation, has increased its market share by over 10 per cent.

AIG to disburse $12 mn in delayed payments

AIG, the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives.

General insurance industry grew 8 per cent in first half

Non-life insurers have collected Rs 16,819 crore premium in the first six months of the current fiscal.

AIG to sell Taiwan life insurance unit for $2.15 bn

AIG will be selling its life insurance unit in Taiwan to a consortium of companies for USD 2.15 billion.

LIC invests Rs 90k cr in 1st half of this fiscal

Life insurance major LIC has pumped in around Rs 90,000 crore into the markets.

Disclosure norms will increase transparency: Insurers

A day after IRDA recommended that insurance firms should make public disclosures, insurers said the move would increase transparency in the sector and allow customers to take informed decisions.

Reliance Life's AUM cross Rs 10,000 cr

The AUM has grown from Rs 300 crore in September 2005 to Rs 10,000 crore in 2009.

Aviva, India Post announce tie-up

Aviva Life Insurance and India Post announced a nation-wide strategic partnership.

Reliance Life to strengthen its health insurance portfolio

Reliance Life Insurance currently has one hybrid health product providing wealth accumulation along with health insurance.

ING sheds Australia wealth JV for $1.6 bn

The venture, established in 2002, was originally planned to expire in 2012, but ING's troubles in Europe sparked a review of its deal with ANZ.

AEGON Religare launches Invest Maximiser Plan

This plan has the lowest charges which help customer maximise their investments, AEGON Religare Chief Executive Officer, Rajiv Jamkhedkar, said in Hyderabad.

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