Insurance

IRDAI issues guidlines on FDI in insurance firms

IRDAI issued guidelines to bring in more clarity on the issue of compliance with the manner of Indian-owned and-controlled companies.

IRDA News

Insurance broker Aon BV to exit India, cites ‘regulatory changes’

The Dutch firm which holds 26 per cent stake in Aon Global Insurance Brokers Pvt Ltd has informed the authorities about its plan to exit from the venture through a formal communication.

Life insurance - NPS News

Telenor India Offers Free Life Insurance Cover to Customers

In a first of its kind initiative in the telecom industry, Telenor India today announced free life insurance cover for its existing 47.55 million as well as potential new customers across its six oper

Telenor India Offers Free Life Insurance Cover to Customers

Irdai mulling long-term health insurance products: TS Vijayan

The Insurance Regulatory and Development Authority of India (Irdai) is planning to develop long-term health insurance products as part of its efforts to penetrate...

Insurance News

India’s mortality protection gap at $92.2 per household: Study

For every USD 100 needed for protection, only USD 7.8 of saving and insurance is in place for a typical Indian household, leaving a massive mortality protection gap of USD 92.2, says a study by Swiss

investment News

Deposit linked insurance benefits hiked to Rs 6 lakh

The CBT also recommended removing the condition of continuous employment of one year under current employer before being eligible for insurance benefits.

investment News

Max Life Insurance launches ‘Max Life Platinum Wealth Plan’ for high net worth individuals

A Life Insurance Plan designed for higher returns to customer who wants a shorter Policy Term of 10 years only

Max Life Insurance launches ‘Max Life Platinum Wealth Plan’ for high net worth individuals

PM Modi’s gift to Varanasi on Raksha Bandhan: Accident insurance for 51,000 women

On the occasion of Raksha Bandhan, Union minister Piyush Goyal on Saturday said here that as many as 51,000 women and girls of Varanasi will be insured under the Pradhan Mantri Suraksha Bima Yojana as

narendra modi on raksha bandhan News

Exide Life Insurance Launches “Exide Life Wealth Maxima” – A Unique Unit Linked Life Insurance Plan

Exide Life Insurance Company Limited, an established and profitable life insurance company, today launched Exide Life Wealth Maxima - a unique unit linked insurance plan. In addition to the opportunit

Exide Life Insurance Launches “Exide Life Wealth Maxima” – A Unique Unit Linked Life Insurance Plan

Pension business of life insurers plunges 90% to Rs 2,000 cr in FY15

The life insurance industry is bearing the brunt of a 90 per cent fall in pension business due to a special tax treatment for the New Pension System.

pension News

Management control norms by Dec: Irdai

Irdai is looking to remove sub-limits in the commission structure, but will retain the overall permissible expenses limit for insurers

Management control norms by Dec: Irdai

Final guidelines on ‘management control’ for insurers in December: IRDA

Insurance industry in the last few years had seen muted growth , but participants believes that with FDI up to 49% in Insurance sector more players will bring in capital to expand their business...

insurance sector News

Government’s insurance scheme: New database to keep track of claim duplications

Till now, the Pradhan Mantri Jeevan Jyoti Bima Yojana has received 1,184 claims while another 284 claims have been filed under the Pradhan Mantri Suraksha Bima Yojana.

life insurance claim News

LIC to launch maiden ULIP product tomorrow

State-run insurer Life Insurance Corporation of India (LIC) will launch its maiden ULIP product across the country tomorrow.

LIC News

Shriram Life Insurance Q1 FY’16 PAT up by 42 % at INR 17 Crores

Shriram Life Insurance, the life insurance arm of Shriram Group announced its results for the first quarter ended June 30, 2015.

Shriram Life Insurance Q1 FY’16 PAT up by 42 % at INR 17 Crores

Global economy losses $37 bn from calamities in H12015: SwissRe

Total economic loss from natural calamities and man-made disasters across the world, including Nepal earthquake and heatwave in India, was at USD 37 billion in the first half of 2015, says a report.

Global economy losses $37 bn from calamities in H12015: SwissRe

From Rs 201 to Rs 5,001, ‘innovative’ NDA govt has three Raksha Bandhan gifts for sisters

The PM Narendra Modi-led NDA Government has come out with an innovative drive to combine its social security schemes with the sibling festival of Raksha Bandhan.

From Rs 201 to Rs 5,001, ‘innovative’ NDA govt has three Raksha Bandhan gifts for sisters

AEGON Religare Life Strengthens its Online Portfolio with the Launch Three Next Generation Online Protection Plans

AEGON Religare Life Insurance (ARLI), the pioneers in online insurance, today announced the launch of three next generation protection plans- iIncome plan, iSpouse and iCancermdash;only available for

AEGON Religare Life Strengthens its Online Portfolio with the Launch Three Next Generation Online Protection Plans

General insurers agree to retain 5% compulsory cession

Public sector insurance companies, including New India Assurance, have suggested retention of the five per cent compulsory reinsurance business with state-owned GIC Re.

Insurance bill News

Insurance company valuations remain an enigma, reveals CII-Towers Watson study

With the government increasing the FDI limit to 49 percent, there is a keen sense of anticipation within the Indian insurance industry that is expecting a flush of foreign investment in the sector.

Insurance company valuations remain an enigma, reveals CII-Towers Watson study

Apollo Munich launches ‘Dengue Care’ with Rs 50,000 hospitalisation cover

Apollo Munich Health Insurance launched a 'Dengue Care' scheme available at one-time premium of Rs 444.

Apollo Munich Health Insurance News

HDFC Ltd Financial Results for the Quarter Ended June 30, 2015 Standalone and Consolidated

The Board of Directors of Housing Development Finance Corporation Limited (HDFC) announced its unaudited standalone and consolidated financial results for the first quarter of the financial year 2015-

HDFC Ltd Financial Results for the Quarter Ended June 30, 2015 Standalone and Consolidated

Standard Life eyeing hike in HDFC Life stake to 35%; IPO possible, says Deepak Parekh

Standard Life has expressed interest in increasing its stake in HDFC Life to 35%, HDFC chairman Deepak Parekh revealed at the lender's annual general meeting (AGM) on Tuesday.

hdfc standard life News

LIC elevates two more women into top echelons of insurer

With women officers already heading most of its subsidiaries, the Life Insurance Corporation (LIC) is continuing with the trend to place them in bigger roles.

LIC elevates two more women into top echelons of insurer

China’s Anbang Insurance concludes Delta Lloyd buy for $226 mn

China's Anbang Insurance Group has completed its purchase of Delta Loyd Bank Belgium from its Dutch parent Delta Lloyd NV for 206 million euros ($226 million), the two companies said on Thursday.

China’s Anbang Insurance concludes Delta Lloyd buy for $226 mn

Japan’s Meiji Yasuda to buy U.S. insurer StanCorp for $5 bn

Japan's Meiji Yasuda Life Insurance Co said on Friday it has agreed to buy U.S.-based StanCorp Financial Group Inc for $5 billion, the latest multi-billion deal by acquisitive Japanese insurers.

Japan’s Meiji Yasuda to buy U.S. insurer StanCorp for $5 bn

New senior health insurance plan with Rs 1 lakh cover in the offing

The government is finalising a new health insurance scheme for those above 60 years, modelled on the lines of the Pradhan Mantri Jan-Dhan Yojana and the Pradhan Mantri Jeevan Bima Yojana.

Insurance bill News
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