CBI freezes Rs 9.5 cr in the US transferred illegally by General Insurance Company CEO Syed Farrukh Shah

CBI has managed to freeze Rs 9.5 crore in the US which was alleged to have been illegally transferred by the Chief Executive Officer (CEO) of General Insurance Company to a firm based in Washington.

Digital technologies set to transform insurance business: Report

The next wave of digital technologies will transform insurance companies but they need to revamp their workforce and cultures to take full advantage of the shift, a report says.

Women insurance

Shriram Life Insurance clocks Rs 1,020 cr GWP in 2015-16

Private sector life insurer Shriram Life Insurance has registered a 38 per cent rise in gross written premium, clocking Rs 1,020 crore in 2015-16.

Investors upbeat on oil; but LIC trims its exposure to OMCs

Amid a bearish outlook on crude oil prices at a time when most investors appear upbeat on oil marketing companies, LIC, which takes benefit of price swings in equities with contra-calls, has been trim

RuPay debit cards holders can claim Rs 1 lakh personal accident insurance

National Payments Corporation of India (NPCI), which manages the RuPay brand of debit cards in India, recently announced that all holders of RuPay debit cards can claim personal accident insurance of

HDFC Standard Life initiates IPO process; HDFC to sell 10%

Becoming the first life insurer in the country to initiate IPO process, HDFC Standard Life today announced plans to launch its Initial Public Offer wherein parent HDFC Ltd would sell 10 per cent stake

Chennai floods: Insurers settle over 30,000 claims

Nearly four months after Tamil Nadu saw devastating floods, insurance companies have seen claims of over Rs 5,500 to Rs 6,000 crore.

HDFC Life launches digital talent hunt for kids

Private life insurance company HDFC Life and #fame today announced the launch of India's first ever digital talent hunt for kids for categories in dancing, singing, musical instruments and comedy.

Rs 1 lakh health coverage soon for 8 crore families: J P Nadda

Union Health Minister J P Nadda today said the Centre will be providing Rs one lakh annual health insurance coverage to eight crore economically weaker families through an Aadhar-linked programme.

Nippon Life Insurance raises stake in Reliance Life to 49%

Japan's Nippon Life Insurance today increased stake in Reliance Life Insurance by another 23 per cent, taking its total holding to 49 per cent.

reliace life insurance

Arun Jaitley launches Pradhan Mantri Fasal Bima Yojana, Unified Package Insurance Scheme

Terming agriculture as "absolutely critical to the country's economy", union Finance Minister Arun Jaitley on Tuesday launched the "Pradhan Mantri Fasal Bima Yojana" and "Unified Package Insurance Sch

Private general insurers beat public sector peers in gross direct premium income growth

Gross direct premium income underwritten for and up to February 2016

‘New Irdai norms to ensure faster growth of general insurers’

The Rs 84,000-crore general insurance industry feels that the 'use and file' norms unveiled recently by Irdai will ensure faster growth in the industry, though the regulations may lead to price rise o

Women insurance

First-year premium of life insurers grows in January

The new business premium of life insurers grew 13% in terms of annualised premium equivalent in January. State-owned LIC's new business premium grew 14% y-o-y and that of private insurers at 12% y-o-y

Sweetener for diabetics

Health insurance policyholders should add critical illness rider that covers diabetes to the existing plan

Insurance: What consumers can look forward to this year

With a host of reforms steadying the ship in 2015, the sector seems well placed for a better year ahead

Why is term insurance your best bet?

A life insurance policy that does not provide sufficient financial aid to the dependents at the time of need just defeats the purpose of buying the policy altogether.

insurance policy

Private insurance companies lead growth of new biz premium

Private insurance companies led the growth of new business premium, as the life insurance industry saw a rise of around 15.55% in the current financial year compared to the previous year

Insurance industry seeks hike in tax exemption limit

Government should raise tax exemption limit for health insurance and introduce fiscal measures to help increase its penetration, say industry officials.

Women insurance

Regulation hurdle delays life insurance product clearances

The domestic insurance industry is concerned about the slowing speed of product clearance in the life insurance segment.

XL Catlin applies for reinsurance license in India

XL Catlin today announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin's strategy of establishing

Mahindra Insurance Brokers – First Insurance Broking Company in the World to Achieve the Global Benchmark

Mahindra Insurance Brokers Ltd. (MIBL) has been appraised and rated at Maturity Level 3 of the People Capability Maturity Model (People-CMM), thus becoming the first insurance...

PSU general insurers outpace private players in premium collection

State-owned general insurers led by New India Assurance have outpaced their peers in private sector in premium collection, though marginally, by recording 12 per cent growth in the first nine months o

Irdai releases draft on agent commission

New norms can have some impact on sales of insurers as many of them were giving commissions as high as 35-40% for first year.

CBI arrests Branch Manager of United India Insurance company

CBI today arrested a senior branch manager of United India Insurance Company from Ghazipur in Uttar Pradesh for allegedly accepting bribe of 10 per cent of the claim amount.

Women insurance

LIC profit jumps 10.4% in FY15, pays Rs 1,804.4 cr to govt

A whopping 25 per cent rally in the equity markets boosted the net profit, or valuation surplus in the official language, of Life Insurance Corporation by 10.4 per cent in 2014-15 at Rs 36,087 crore.

insurance policy

Telangana starts recognition of e-Motor Insurance policies

The Telangana government today started the recognition of 'e-Motor Insurance policies' in the state, in collaboration with the Insurance Regulatory and Development Authority of India and the Insurance

insurance policy
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