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.
Aug 02, 2015
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.
Aug 01, 2015
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.
Jul 28, 2015
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-
Business Wire India
Jul 28, 2015
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.
Jul 28, 2015
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.
Jul 26, 2015
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.
Jul 24, 2015
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.
Jul 24, 2015
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.
Jul 22, 2015
Sachin Tendulkar launches Aviva Early Starters Initiative
The Early Starters initiative will take forward Aviva India’s ‘What’s Your Big Plan’ campaign where the insurer will provide 20 children an opportunity to live their dream profession for one d
Jul 21, 2015
UK motor insurance premiums rose 5 pct in second quarter
British car insurance premiums jumped by more than 5 percent in the second quarter compared with the previous three months, and a rise in insurance tax is likely to add to price increases, recovery se
Jul 21, 2015
LIC Housing Finance net profit jumps 19% to Rs 382 cr in Q1
Mortgage lender LIC Housing Finance today reported 19 per cent jump in net profit at Rs 382.13 crore for the April-June quarter on higher margins and better asset quality.
Jul 21, 2015
General insurance premiums climb 12.6% in June, public sector favoured
India’s general insurance sector continued its monthly growth and registered a surge of 12.6% in gross direct premium income underwritten in the month of June. Public sector insurance companies
Jul 21, 2015
Life insurance market clocks 20% growth in first qtr
After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 per cent growth in new premium income.
Jul 19, 2015
Expect life insurance industry to grow 10-15% this fiscal: Amitabh Chaudhry
The life insurance industry, which has seen some tough times during the last few years, is expected to grow 10-15% in the current fiscal...
Jul 17, 2015
CCI imposes Rs 671 crore fine on four state-run insurers
Fair trade regulator CCI today slapped Rs 671 crore penalty on four state-run insurance companies -- National Insurance, New India Assurance, Oriental Insurance and United India Insurance
Jul 16, 2015
Reduce your life insurance premium through insurance ladder: 6 power points
Life cover requirements increase when you assume greater financial responsibility such as marriage and birth of a child.
Jul 14, 2015
FCI moots proposal to raise Rs 40,000 cr via bonds from Life Insurance Corporation
As per the proposal of Food Corporation of India, the 10-year bonds will be redeemed at 10 per cent per annum. It will be raised at government security interest rate plus 30-40 basis points, which com
Jun 21, 2015
Despite risk awareness, most Indians prefer not to spend on home insurance
Around 75% of respondents were aware of the importance of home insurance and 64% of homeowners were aware that earthquakes and other natural calamities posed the highest risks to their house. Despite
Jun 18, 2015
Only 30% people have insured their homes in India: Survey
Most people in the country prefer not to spend on a home insurance policy despite awareness on the need for the cover , a Bajaj Allianz General Insurance survey said.
Jun 17, 2015
LIC improves its performance, still loses market share in April
After underperforming in 2014-15, state-owned Life Insurance Corporation (LIC) has improved its performance in April by recording 21 per cent growth in premium and 18 per cent higher sales of policies
Jun 14, 2015
Exide Life to focus on Ulip, group policies
Private life insurer Exide Life Insurance will focus on growing its business from Ulips and group insurance policies.
May 06, 2015
GIC to acquire about 64% stake in Nirlon for Rs 1,280 cr
Singapore's sovereign wealth fund GIC on Tuesday said it is acquiring 63.9 per cent stake in the Mumbai-based realty firm Nirlon Ltd for Rs 1,280 crore.
Apr 29, 2015
Health insurance: 10 tips to keep in mind before buying
The 10 rules to keep in mind when you buy health Insurance –
Apr 23, 2015
Non-life insurance has a lot of catching up to do
While general insurance in India has seen an 18% CAGR during 2005-14, when compared with global benchmark, its reach is still very low.
Apr 17, 2015
Amana Takaful announces tie-up with GrayMatter’s Insurance Analytics to execute Business Analytics program
Insurer Amana Takaful PLC, Sri Lanka has announced its decision to partner GrayMatter’s Insurance Analytics...
Apr 16, 2015
Flexi health cover for govt employees in the offing
It will also take up a proposal on the issue of providing medical education through its colleges.
ENS Economic Bureau
Apr 07, 2015
Camera update puts OnePlus 7 Pro among camera frontrunners
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Father's Day gifts: OnePlus 7 Pro and more, here's what you can gift your dad
Canada: The Land of the Maple features at the top of every traveller's bucket list
OnePlus 7 to go on sale from tomorrow! Buy the best smartphone in its price range on Amazon.in, oneplus.in
Budget 2019: Fintech players expect tax relaxation to push financial inclusion, propel Digital India
Budget 2019: Clothes below Rs 2,000 may attract lower GST slab if this RAI suggestion is taken
Budget 2019: Will the FM lower the maximum marginal income tax rate of 35.88% in her maiden budget?
Budget 2019: Expectations of real estate industry from Modi 2.0
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