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Government approves group insurance for CNG taxi, auto drivers

Last Updated: Tuesday, July 30, 2013, 20:55

The scheme approved by Oil Minister M Veerappa Moily will cover all drivers against death or permanent disability arising out of accidents caused while driving taxis and auto rickshaws that run on compressed natural gas.

DLF exits from insurance biz; sells 74% stake in DLF Pramerica

Last Updated: Thursday, July 25, 2013, 22:03

India's largest realty firm DLF will exit from life insurance business by selling 74 percent stake in its joint venture DLF Pramerica Life Insurance to Dewan Housing Finance, reportedly for over Rs 350 crore.

HDFC Life launches Health Assure Plan

Last Updated: Wednesday, May 15, 2013, 17:33

Private insurer HDFC Life has launched its new health insurance product, Health Assure Plan, which is aimed at providing a comprehensive health cover.

Rajan pitches for raising FDI in insurance to 49%

Last Updated: Tuesday, April 30, 2013, 16:01

Talking to reporters, Rajan said the passage of the bill would signal that the reform process is continuing.

FM wants greater penetration in the non-life insurance sector

Last Updated: Wednesday, April 24, 2013, 21:43

As India remains amongst the most underinsured countries in the world, Finance Minister P Chidambaram Wednesday said there is a need to increase penetration and coverage of non-life insurance in the country.

LIC sells shares worth Rs 8,800 cr in 17 Sensex cos

Last Updated: Wednesday, April 24, 2013, 18:09

Individually, LIC reduced its stake in Reliance Industries, Infosys, ONGC, State Bank of India, HDFC Bank, ICICI, Tata Steel, Tata Motors, among others during three months ended March 31, 2013.

Life insurance policies on a decline in last 3 years: Govt

Last Updated: Tuesday, April 23, 2013, 17:41

The number of life insurance policies has witnessed a decline in the last three years due to fall in sales in the unit-linked insurance segment and general market conditions, Parliament was informed.

FM likely to move Insurance Bill in Rajya Sabha Tuesday

Last Updated: Monday, April 22, 2013, 22:48

Finance Minister P Chidambaram is likely to move the long-pending insurance Bill in Rajya Sabha Tuesday which seeks to raise foreign direct investment cap to 49 percent in the sector from the existing 26 percent.

Reliance Life eyes expansion in health insurance space

Last Updated: Sunday, April 21, 2013, 13:04

Looking to tap the low customer penetration in health insurance segment, leading private insurer Reliance Life Insurance is planning to strengthen its presence in pure health insurance space with an expanded product suite.

UAE NRIs fuel record $75 mn sale of LIC scheme in 30 days

Last Updated: Monday, April 15, 2013, 19:06

First Gulf Bank has said it achieved record sales worth USD 75 million premium of LIC's product Jeevan Aastha 3 in less than 30 days since the product was released to the market.

Germany presses India to hike insurance equity cap

Last Updated: Thursday, April 11, 2013, 19:51

A hike in FDI in India’s insurance sector is critical to close the Indo-EU FTA. Germany, one of the world's largest exporters, also has worries about import duties in India on automobiles.

L&T, Future Group to merge general insurance biz

Last Updated: Tuesday, March 26, 2013, 17:49

Larsen & Toubro (L&T), Generali Group and Kishore Biyani promoted Future Group on Tuesday entered into a non-binding agreement to merge L&T General Insurance with Future Generali India Insurance.