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...

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.

Issuance of e-insurance from Oct 1 will make the processes more efficient: Yashish Dahiya

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...

The soaring cost of medical inflation 

With the international crude oil prices falling around the $50 a barrel-level, general inflation in India...

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

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...

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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

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.


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.

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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

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

‘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...

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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...

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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

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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...

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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...

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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...

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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...

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