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CBI probes ICICI Lombard for alleged fraud CBI probes ICICI Lombard for alleged fraud
CBI Wednesday registered a Preliminary Enquiry (PE) against ICICI Lombard for allegedly colluding with officials of Rajasthan government and Union Agriculture and Textiles ministries and pocketing claims of non-existing farmers and artisans.
Tata AIG General Insurance eyes 15% premium growth in FY15 Tata AIG General Insurance eyes 15% premium growth in FY15
Private general insurer Tata AIG General Insurance is hopeful of posting around 15 percent growth in premium collections in the next financial year on the back of an expected recovery in economy, a top company official has said.
Banks insurance broking model to gain traction in time: IRDA Banks insurance broking model to gain traction in time: IRDA
Notwithstanding the tepid response by banks to act as brokers for selling products of multiple insurers, sectoral regulator IRDA is hopeful that this model will pick up in due course even as it said it is renewing the corporate agency licence of banks as of now.
Government accepts one rank, one pension for defence forces Government accepts one rank, one pension for defence forces
Presenting the interim budget, Chidambaram said the government would transfer Rs 500 crore to the defence pension account for implementing one rank, one pension scheme.
Minimum monthly pension of Rs 1,000 to be a reality this month Minimum monthly pension of Rs 1,000 to be a reality this month
Ahead of Lok Sabha polls, the government is likely to approve this month a proposal that will entitle formal sector workers a minimum monthly pension of Rs 1,000, immediately benefiting 27 lakh pensioners.
Tata AIA Life launches Money Maxima Tata AIA Life launches Money Maxima
Tata AIA Life Insurance Monday launched a product, Money Maxima, a long-term plan which is compliant with new IRDA guidelines.
Birla Sun Life re-launches five life insurance products Birla Sun Life re-launches five life insurance products
Birla Sun Life Insurance Monday re-launched five life insurance plans designed in accordance with the new product guidelines.
Reliance General Insurance hopes to post profit this fiscal Reliance General Insurance hopes to post profit this fiscal
Private-sector insurer Reliance General Insurance hopes to register profit in the current financial year on the back of a diversified portfolio and reduced dependence on motor segment, a top company official has said.
Reliance MF assets surpass Rs 1 lakh crore level Reliance MF assets surpass Rs 1 lakh crore level
Having regained the Rs 1 lakh crore level for average assets under management, leading fund house Reliance Capital Asset Management Company (RCAM) expects revival in retail investor interest in mutual funds to continue through the current fiscal and in the next year.
IRDA to bring CSCs for selling simple policies in rural areas IRDA to bring CSCs for selling simple policies in rural areas
The Insurance Regulatory and Development Authority (IRDA) is roping in Common Service Centres as a platform for insurers to sell simple policies in rural areas.
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