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There has to be different yardstick in choosing multiplier: HC

Last Updated: Saturday, June 29, 2013, 08:52

Madras High Court ruled that if an NRI dies in an accident in India then in choosing multiplier, there has to be a different yardstick as between an Indian and NRI.

Liberty Videocon insurance eyes Rs 100-cr premium in 1st yr

Last Updated: Friday, June 14, 2013, 21:18

Liberty Videocon General Insurance Company is a joint venture between Videocon Industries Ltd and Liberty Citystate Holdings Pte Ltd, a group company of US-based Liberty Mutual Group.

13 cooperative banks go belly up in 2012-13

Last Updated: Monday, May 27, 2013, 17:42

As many as 13 cooperative banks failed in 2012-13, resulting in credit insurance company DICGC paying nearly Rs 160 crore to depositors.

General insurance industry logs 19% growth in April-Feb period

Last Updated: Tuesday, April 16, 2013, 21:55

The general insurance industry grew by 19.34 percent in the 11 months of 2012-13 fiscal led by SBI General which recorded over three-fold growth in gross premium as compared to last fiscal.

India First Life Insurance expects to break even by 2015-16

Last Updated: Sunday, April 14, 2013, 12:27

India First Life Insurance expects to break even in 2015-16, two years ahead of the original deadline, a senior company official said Sunday.

Reliance Life's premium income falls 24% in Apr-Feb

Last Updated: Sunday, March 31, 2013, 11:29

The life insurance industry as a whole comprising 23 private sector companies and public sector LIC too saw a dip in premium income by over 6 percent during April-February, data released by the IRDA showed.

IRDA seeks explanation from 3 insurers on money laundering

Last Updated: Friday, March 22, 2013, 20:59

Taking note of a sting operation that alleged money laundering in leading private banks, insurance regulator IRDA today said it has sought explanations from CEOs of HDFC Life, ICICI Pru and Max Life.

Insurance firm ordered to pay 40,000 to injured man

Last Updated: Monday, March 4, 2013, 23:45

Madras High Court has directed public sector insurance company to grant compensation of Rs 40,000 to man who met with accident while towing broken down mini lorry with his tractor.

Videocon Liberty GI eyes Rs 120 cr biz in first year

Last Updated: Monday, February 25, 2013, 20:22

Liberty Videocon becomes the 27th general insurer in the market.

Videocon Liberty GI eyes Rs 120 cr biz in first year

Last Updated: Monday, February 25, 2013, 20:22

Liberty Videocon becomes the 27th general insurer in the market.

Future Generali hopes to return to profitability

Last Updated: Tuesday, February 12, 2013, 20:58

Future Generali India Life Insurance Company, which had shown negative growth for the last couple of years, is in course of achieving growth from this fiscal, a top company official said on Tuesday.

Reliance Life Q3 net profit soars 4-fold

Last Updated: Sunday, February 10, 2013, 14:30

Leading private sector insurer Reliance Life Insurance Company (RLIC) has recorded a four- fold jump in third quarter net profit to Rs 40 crore on the back of improved product portfolio and distribution base.