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
LIC, Dena Bank ink MoU to roll out PMJBY
Life Insurance Corporation (LIC) of India and Dena Bank signed an MoU on Monday to implement the Pradhan Mantri Jeevanjyoti Bima...
Apr 07, 2015
Changing nominee in life insurance policies to cost Rs 100 now
Cancellation or change in nomination in insurance policies now comes at a cost as regulator IRDAI has allowed life insurers to charge up to Rs 100 for any such modification.
Apr 03, 2015
Kin of rash driving victim gets compensation of nearly Rs 7 lakh
Owner of the offending car is asked to pay Rs 6,88,546 to the family of Madhya Pradesh resident Surender Kumar, who died in the accident in December 2007...
Apr 03, 2015
The soaring cost of medical inflation
With the international crude oil prices falling around the $50 a barrel-level, general inflation in India...
Apr 01, 2015
SBI to divest up to 10% stake in SBI life insurance
SBI owns 74% of the total capital and BNP Paribas Cardif has the remaining 26% in SBI Life Insurance
Apr 01, 2015
Germanwings Airbus A320 plane crash: Lufthansa offers families initial aid of 50,000 euros
Germanwings has offered the families of the victims of the French Alps air disaster "up to $54,806 per passenger...
Mar 28, 2015
Australian insurer IAG to raise stake in SBI General to 49%
Within days of Parliament clearing the Insurance Bill, Insurance Australia Group (IAG) has decided to increase its stake in SBI's general insurance arm from 26 per cent to 49 per cent.
Mar 26, 2015
Terming Narendra Modi-led govt’s move ‘positive’ on duration papers , LIC keen on 40-year govt bonds
Life insurance major LIC today said it is keen on buying 40-year bonds which the government is set to issue this year.
Mar 25, 2015
Axis Bank launches first-of-its-kind financial planning app based on tablets
Axis Bank, in a partnership with Max Life Insurance, has announced the launch of a first-of-its-kind financial planning app.
Mar 24, 2015
Global reinsurance giants set eyes on India market
John Nelson, chairman, Lloyd’s, said, “this (new Bill) is great news for Lloyd’s as the Bill allows the Lloyd’s market to operate in India.
ENS Economic Bureau
Mar 17, 2015
India life insurers seek quick capital fix from PE investors after law change
Several Indian life insurance firms are courting private equity investors to boost their capital ahead of potential IPOs...
Mar 16, 2015
‘Penalty of up to Rs 25 cr for mis-selling insurance policies’
The amended insurance law provides for a penalty of up to Rs 25 crore for mis-selling or misrepresentation...
Mar 14, 2015
Expect to close the year with 25% growth: Manoj Kumar Jain
Shriram Life Insurance (SLIC), a part of the Shriram Group, is banking on efficient use of capital and low cost of operations...
Mar 14, 2015
VANDE BHARAT EXPRESS
Train 18 ticket price reduced! Check full fare chart of Vande Bharat Express; 5 points
Train 18 IRCTC menu details: Vande Bharat Express to have branded 5-star food; beverages from Chaayos, Nescafe
Vande Bharat Express schedule: Full details of Train 18 timings and stations on Delhi-Varanasi route
India Story: Glass Half Full
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