China’s Anbang Insurance concludes Delta Lloyd buy for $226 mn

China's Anbang Insurance Group has completed its purchase of Delta Loyd Bank Belgium from its Dutch parent Delta Lloyd NV for 206 million euros ($226 million), the two companies said on Thursday.

Japan’s Meiji Yasuda to buy U.S. insurer StanCorp for $5 bn

Japan's Meiji Yasuda Life Insurance Co said on Friday it has agreed to buy U.S.-based StanCorp Financial Group Inc for $5 billion, the latest multi-billion deal by acquisitive Japanese insurers.

New senior health insurance plan with Rs 1 lakh cover in the offing

The government is finalising a new health insurance scheme for those above 60 years, modelled on the lines of the Pradhan Mantri Jan-Dhan Yojana and the Pradhan Mantri Jeevan Bima Yojana.

Insurance bill

Sachin Tendulkar launches Aviva Early Starters Initiative

The Early Starters initiative will take forward Aviva India’s ‘What’s Your Big Plan’ campaign where the insurer will provide 20 children an opportunity to live their dream profession for one d

Sachin Tendulkar on Aviva Early Starters Initiative

UK motor insurance premiums rose 5 pct in second quarter

British car insurance premiums jumped by more than 5 percent in the second quarter compared with the previous three months, and a rise in insurance tax is likely to add to price increases, recovery se

LIC Housing Finance net profit jumps 19% to Rs 382 cr in Q1

Mortgage lender LIC Housing Finance today reported 19 per cent jump in net profit at Rs 382.13 crore for the April-June quarter on higher margins and better asset quality.

General insurance premiums climb 12.6% in June, public sector favoured

India’s general insurance sector continued its monthly growth and registered a surge of 12.6% in gross direct premium income underwritten in the month of June. Public sector insurance companies

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.

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...

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

indian rupee vs us dollar

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.

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

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


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

home loan

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.

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

Life Insurance Corporation

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.

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.

foreign investor tax row

Health insurance: 10 tips to keep in mind before buying

The 10 rules to keep in mind when you buy health Insurance –

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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.

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...

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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.

How GST will change the cost of taking insurance cover

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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