SBI, LIC involved in money laundering: Cobrapost

Last Updated: Monday, May 6, 2013, 12:57

As many as 23 public and private sector banks and insurance companies were Monday accused of "running a nation-wide money laundering racket, blatantly violating laws of the land" by online portal Cobrapost.

SBI Life FY'13 net up 12% at Rs 622 crore

Last Updated: Wednesday, May 1, 2013, 16:13

Private insurer SBI Life Insurance on Wednesday posted 12 percent growth in profit at Rs 622 crore for the financial year ending March 31, 2013.

Life insurers' premium income falls over 6% in Apr-Feb FY13

Last Updated: Sunday, March 31, 2013, 16:14

Total premium collected during the April-February period of 2012-13 fiscal by the industry stood at Rs 84,501.75 crore, down 6.12 percent over the same period previous year.

Haryana blacklists SBI Life for delaying annuity payments

Last Updated: Tuesday, January 29, 2013, 22:09

SBI Life Insurance company has been "blacklisted" by Haryana government for allegedly delaying the process of distribution of annuity to land owners under the Resettlement and Rehabilitation (R&R) Policy of the state government.

SBI Life told to distribute excess payments to policyholders

Last Updated: Sunday, October 7, 2012, 12:34

As per the guidelines, life insurers are not allowed to pay towards management expenses, documentation expenses, profit commission, bulk discount or any other payment to the agent, corporate agent, group organiser or group manager.

IRDA slaps Rs 6 lakh fine on SBI Life insurance

Last Updated: Tuesday, September 18, 2012, 23:14

Insurance regulator IRDA Tuesday imposed a penalty of Rs 6 lakh on SBI Life Insurance Company for violation of various norms.

India's pension mkt to be Rs 20 lakh cr by 2015: Assocham

Last Updated: Sunday, July 22, 2012, 11:06

Low pension coverage and large workforce in the unorganised sector also provides massive opportunities for private sector and foreign players to enter the pension market in India.

SBI Life tops MDRT 2011 globally

Last Updated: Wednesday, September 28, 2011, 22:21

Private life insurer SBI Life Insurance (SBI Life) has topped the prestigious Million Dollar Round Table (MDRT) 2011 across the globe for the third consecutive year.

SBI Life announces foray into health insurance biz

Last Updated: Monday, September 5, 2011, 15:47

SBI Life Insurance Monday announced a foray into the health insurance segment with the launch of its 'Hospital Cash' plan, which provides a fixed daily allowance to policyholders for each day of hospitalisation.

SBI Life Q1 net rises 26% to Rs 144 cr

Last Updated: Sunday, July 24, 2011, 11:55

SBI Life Insurance Sunday reported a 26 percent growth in net profit at Rs 144 crore for the first quarter ended June 30, over the corresponding period an year ago.