Life insurers total assets up 17% in FY15, new premium down

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.

Life insurance premiums jump 24% in April-May

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.

IRDA slaps fine of Rs 10 lakh on Tata AIA Life Insurance

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.

Life insurance body apprehends PMJJBY viability

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.

SBI Life Insurance targets 30% growth in first-year premiums

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.

Shriram Life eyes 25% new biz growth, to open 75 new offices

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.

LIC picks up additional 2% stake in Yes Bank

Last Updated: Wednesday, June 10, 2015, 19:04

Country's largest insurer LIC has picked up additional 2 percent stake in Yes Bank that would be worth about Rs 698 crore at current market prices.

Canara HSBC OBC Life Insurance appoints Anuj Mathur as CEO

Last Updated: Wednesday, June 10, 2015, 16:54

The company is a joint venture between Canara Bank, Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings.

Bangladesh offers 2 SEZs to Indian companies

Last Updated: Sunday, June 7, 2015, 17:48

India will develop the economic zone near the government-sponsored one in Mongla, which is now under construction, Paban Chowdhury, executive chairman of Bangladesh Economic Zones Authority, told The Daily Star.

CCI approves AXA raising stake in insurance JVs with Bharti

Last Updated: Thursday, May 28, 2015, 00:11

Fair trade regulator CCI Wednesday approved European financial services giant AXA's proposal to hike its stake from 26 percent to 49 percent in its two insurance ventures with Sunil Mittal led Bharti Group, Bharti AXA Life Insurance and Bharti AXA General Insurance.

Swiss Re aims to grow its India business by 25% by year-end

Last Updated: Wednesday, May 27, 2015, 22:37

World's second-largest reinsurer Swiss Re aims to grow its business in the country and other parts of Asia, including China and Indonesia, by 25 percent by 2015-end.

LIC raises stake in Canara Bank, BoB

Last Updated: Tuesday, May 26, 2015, 20:40

Country's largest insurer Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 percent through preferential allotment of shares.