Money

‘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

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...

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

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

Insurers eye billions of dollars as Parliament clears Bill

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

life insurance claim

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...

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

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

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

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

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...

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

Insurers can hire agents without Irda licence

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

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

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

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...

Demystifying health insurance: Max Bupa kicks off customer education initiative

Max Bupa has kicked off 'All Fact no Myth', a first of its kind customer education initiative, aimed at demystifying health insurance

SBI Life Insurance posts net profit of Rs 156 crore in Q3

SBI Life Insurance has announced a 43 per cent jump in net profit for Q3...

Insurance regulator mulls no fee for change in nomination

Observing policyholders' right to effect changes in nomination, sectoral regulator IRDA is proposing...

Insurance, Insurance regulator, Nomination, Nomination for insurance, no fee for change in nomination

Rs 2 cr compensation to kin of youth who died in an elevator

The apex consumer commission has awarded nearly Rs two crore compensation to the father of a 25 year-old youth...

Old Mutual will consider raising JV stake with Kotak Mahindra: CEO Julian Roberts

Anglo-South African financial services firm Old Mutual will discuss with partner Kotak Mahindra...

Julian Roberts. Old Mutual, Kotak Mahindra

Third party motor business now mandatory for general insurers

The insurance ordinance, which was promulgated recently, has made it mandatory for all general insurers...

Life insurance - NPS

Undivided Andhra Pradesh records low health insurance premium collection

Andhra Pradesh was the only state where health insurance premium collection dipped by over 13 per cent in 2012-13.

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