Money

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

SBI to divest up to 10% stake in SBI life insurance

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...

Germanwings, Germanwings co pilot, Germanwings plane crash, Airbus crash, airbus plane crash, Airbus A320 crash, Andreas Lubitz, France, France plane crash, world news

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.

State Bank of India News

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.

LIC News

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.

Axis Bank, axis bank app, axis bank app for tablet, axis bank tablet app, axis bank app tablet, Max Life Insurance, financial planning app, tablets News

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.

life insurance claim News

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...

Life insurance - NPS News

‘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...

life insurance claim News

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...

Expect to close the year with 25% growth: Manoj Kumar Jain

Bupa to up stake in Max India to 49 pct

UK-based healthcare group Bupa will increase its stake in Max Bupa from 26 per cent to 49 per cent, said the company...

car insurance policy News

Govt invokes Sachin Tendulkar, Virat Kohli to bat for Insurance bill in Rajya Sabha

Government invoked names of cricket icons Sachin Tendulkar and Virat Kohli to bat in the Rajya Sabha...

Insurance bill, rajya sabha, Insurance bill rajya sabha, sachin tendulkar News

Insurers eye billions of dollars as Parliament clears Bill

Within minutes of Parliament approving higher foreign investment in insurance sector...

life insurance claim News

Passage of Insurance bill is in the country’s interest: BJP

After the passage of all-important Insurance bill by Parliament tonight, Government said it is a step in the interest...

Insurance News

Govt expects Rs 25,000 cr foreign investment in insurance sector: Jayant Sinha

Foreign capital to the tune of Rs 25,000 crore is likely to flow into the insurance sector...

Jayant Sinha News

Insurance Bill: Then and now

In the Union Budget for 2004-05, the then finance minister P Chidambaram had announced a plan to increase FDI in insurance to 49%.

P Chidambaram, Arun Jaitley News

Insurance Bill passage: BJP, Congress come together to break logjam

With the passage of Insurance Bill, companies can raise more capital from foreign partners to expand, increase penetration as a result of hike in FDI limit from 26 pct to 49 pct.

Life insurance - NPS News

Insurance Bill passage to boost foreign investment: Industry

Industry chambers today hailed the passage of the Insurance Bill in Parliament, saying this long-awaited...

Real Estate bill passed in Rajya Sabha News

Editorial: Insuring a face saving

Govt and Opposition finally cooperate, if only a bit

Insurance Bill, Insurance Bill passed, Insurance Bill news, fdi in insurance, economic reforms, economic reforms in India, foreign investment cap, FDI cap in India, Indian economy, Parlaiment news, business news

Insurance Bill passed by Parliament; Congress support smoothens passage for first major NDA govt reforms policy

Parliament tonight approved the NDA government's first major economic reform measure as the long-pending bill...

Moodys, indian economy, Moodys on indian economy, Jayant Sinha, Jayant Sinha on indian economy, Jayant Sinha moodys, moodys outlook on indian economy, economy news

Insurance Bill set to clear Rajya Sabha hurdle, Congres likely to give support

The Narendra Modi government can expect some relief on Insurance Laws Amendment Bill, which is likely to come in Rajya Sabha...

Insurance Bill, Insurance Bill in Rajya Sabha, Rajya Sabha, Rajya Sabha Insurance Bill, Congres Rajya Sabha, business news

Insurance FDI Bill passes Lok Sabha test

The government on Wednesday got Lok Sabha approval for a Bill that seeks to raise foreign investment cap in insurance companies...

Insurance FDI Bill passes Lok Sabha test

Reforms in India: Insurance Bill passed by Lok Sabha today

The long-pending Insurance Bill, a key economic reform legislation providing for raising foreign investment cap...

Insurance Bill, Insurance Bill passed, Insurance Bill news, fdi in insurance, economic reforms, economic reforms in India, foreign investment cap, FDI cap in India, Indian economy, Parlaiment news, business news

LIC launches Children’s Money Back Plan offering educational, marriage benefits

LIC has unveiled the Children's Money Back Plan, which the state-owned life insurer hopes will arrest the decline in its market share...

car insurance policy News

Insurers can hire agents without Irda licence

Irda said insurance companies can appoint individual agents on their own without licence from the regulator from...

Insurers can hire agents without Irda licence

In a first, Irda has a run-in with the law

For the first time in India, a financial sector regulator has had a police complaint filed against it on criminal charges...

Insurance News

Govt notifies insurance FDI cap hike to 49 pct

Raising the foreign investment limit is expected to generate inflows of $6-8 billion in the insurance sector that is looking for growth capital

Insurance News

Max Bupa introduces new super saver health insurance plan

Max Bupa's new Health Companion Health Insurance Plan offers an array of customer centric features...

Max Bupa introduces new super saver health insurance plan
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