Last Updated: Sunday, August 2, 2015, 15:15
In spite of mounting regulatory glare and analyst criticism, state-run financial sector powerhouse LIC has reaped rich returns from its equity market play in the last fiscal with 15 percent gains at Rs 24,373 crore.
Last Updated: Tuesday, July 28, 2015, 23:28
Housing Development Finance Corporation (HDFC) Limited has announced its financial results for the quarter ended June 30 in which the company`s standalone profit after tax stood at Rs. 1,361 crore.
Last Updated: Sunday, July 19, 2015, 18:03
After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.
Last Updated: Friday, July 17, 2015, 22:31
The Competition Commission has approved the proposed deal related to Aegon Religare Life Insurance Company that would see Religare Enterprises exiting the joint venture.
Last Updated: Thursday, July 16, 2015, 23:13
State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI on Thursday slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna.
Last Updated: Wednesday, July 15, 2015, 20:46
The life insurance sector, consisting of 24 companies led by state-owned LIC, had seen its total new premium fall by 6 per cent to Rs 1,13,140 crore in 2014-15 from Rs 1,20,162 crore in 2013-14.
Last Updated: Friday, July 10, 2015, 20:19
LIC made a smart recovery with a 21 per cent growth in total premium mop-up at Rs 9,384 crore in the said period. The Corporation's business stood at Rs 7,757 crore in the year-ago period.
Last Updated: Monday, July 6, 2015, 23:44
Insurance regulator IRDA Monday imposed a fine of Rs 10 lakh on Tata AIA Life Insurance for violation of excess payment to corporate agents.
Last Updated: Sunday, July 5, 2015, 17:54
Apex body of life insurers, Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) attractive for its member companies apprehending its viability under the present pricing policy.
Last Updated: Saturday, July 4, 2015, 20:41
Mumbai-based SBI Life Insurance said on Saturday that it is targeting a 30 percent growth in first-year premiums this fiscal.
Last Updated: Monday, June 29, 2015, 18:36
Sebi on Monday barred Life Care Infrastructures and Angel Allied as well as some of their executives from the capital market after finding that they had unauthorisedly raised over Rs 5.5 crore from investors.
Last Updated: Friday, June 26, 2015, 19:18
Private insurer Shriram Life Insurance on Friday said it expects 25 percent growth in new business and plans to add around 75 new offices, most of them in western and northern India.
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