Insurance News

SBI Life Insurance net profit up 19% at Rs 740 crore for 2013-14

SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif.

Investors have been dealing with dematerialized shares of companies and mutual funds for quite some time now. (AP)
E-Insurance: Questions remain
Investors have been dealing with dematerialized shares of companies and mutual funds for quite some ...

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...

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.

'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.

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.
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Equity participation of insurers hit by shift away from Ulips
'Markets are hoping for a stable government at the Centre'.
Govt allows 26 per cent FIIs, NRIs investment in insurance, allied activities
In case of insurance companies, 26 pct cap will include FDI, FIIs and NRIs, said a DIPP note.
Insurers emerge as net sellers in 2013
Insurance companies started 2013 with the highest selling seen in more than five-and-a-half years.
LIC outshines pvt insurers in 9-month premium collection
State-owned LIC has outperformed its peers in the private sector in premium collection by recording ...
Three simple steps to a hassle-free insurance claim
Most insurance claims are rejected due to non-disclosure of material facts at the time of signing t...
Tata AIA Life aims to enhance agent productivity
Life insurance plays a crucial role in providing income protection to individuals...
National Insurance Company scam: 13 sentenced to jail
Two retired senior officials of National Insurance Company Limited and 11 others have been awarded v...
Irda to explore new distribution channels
The committee had since submitted its report to the authority.
Agents of change: Companies need to get act right
Insurance companies have for long been wedded to the concept of agents.
LIC, ICICI Prudential Life face Irda crackdown over money laundering 'violations'
Irda orders LIC, ICICI Prudential Life to comply with AML provisions.
Wedding insurance expands as nuptials get pricier
Worried about the groom getting cold feet? There's an insurance policy for that.
Life insurance: Pitfalls cos must avoid at all costs
Life insurance requires certain preconditions that must be satisfied and values of market conduct th...
Looking for clarity on bancassurance norms
The year gone by may not have been as good for the insurance industry as some people believe, says A...
Insurance products: Disentangling the web
New norms on web aggregators will bring uniformity in display of prices and key features of insuranc...
Global reinsurance firms gearing up to enter India
Reinsurers are looking forward to enactment of the Insurance Bill.
With Irda’s push, banks could offer more choice of insurance products
Irda is set to make it mandatory for banks to adopt the broking model.
Irda may soon make insurance broking model must for banks
Irda is already in touch with the ministry of finance and the RBI in this regard.
Reliance General Insurance hopes to post profit this fiscal
According to the insurer, investment income would support the overall profit this fiscal.
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