SBI looking at selling stakes in insurance subsidiaries

Last Updated: Friday, February 13, 2015, 22:10

State Bank of India Friday said it is keen on selling some of its stake in insurance subsidiaries and is in talks with respective joint ventures for the same.

Insurance cos settled 90% claims made after HudHud: IRDA

Last Updated: Thursday, February 5, 2015, 18:02

Insurance companies have settled almost 90 percent of over Rs 2,700 crore claims made after 'Hudhud' cyclone in Visakhapatnam last year, a senior Insurance Regulatory and Development Authority of India official said on Thursday.

Insurance regulator mulls no fee for change in nomination

Last Updated: Sunday, January 25, 2015, 11:13

Observing policyholders' right to effect changes in nomination, sectoral regulator IRDA is proposing to do away with the practice of charging fee for such alterations by life insurance companies.

Insurance reforms to bring in foreign investment: Industry

Last Updated: Wednesday, December 24, 2014, 20:29

The government's approval to key insurance and coal sector reforms will help attract much-needed investments, boost domestic manufacturing and usher in transparency and fair play, industry said on Wednesday.

Govt fastracks reforms in insurance, coal and pharma sectors

Last Updated: Wednesday, December 24, 2014, 16:35

Moving at rapid pace, the Union Cabinet on Wednesday approved key insurance and coal sector reforms which were stuck in Parliament logjam.

Country can't wait if one House of Parliament does not work: Jaitley

Last Updated: Wednesday, December 24, 2014, 16:26

With the government pushing key reform measures like insurance and coal block allocation, Finance Minister Arun Jaitley on Wednesday said the country cannot wait even if one of the Houses of Parliament "waits indefinitely".

Govt approves Ordinance to hike FDI in insurance to 49%

Last Updated: Wednesday, December 24, 2014, 13:43

Government on Wednesday approved promulgation of an Ordinance to hike Foreign Direct Investment (FDI) cap in the insurance sector to 49 percent from 26 percent, as the legislation could not be passed in the Parliament session that ended yesterday.

Insurance, coal ordinances show government's determination: Jaitley

Last Updated: Wednesday, December 24, 2014, 13:31

Addressing a press conference in the national capital, the Finance Minister said that insurance ordinance is in line with select committee recommendation.

Cabinet approves ordinance on coal, insurance reforms

Last Updated: Wednesday, December 24, 2014, 11:40

The Insurance Bill seeks to increase the composite foreign investment limit in insurance companies to 49 percent from current level of 26 percent.

Govt may opt for ordinance to push coal, insurance reforms

Last Updated: Tuesday, December 23, 2014, 15:10

Government may adopt the ordinance route to push reforms in insurance and coal sectors as relevant bills could not be taken up in the Rajya Sabha, whose functioning was paralysed in the just-concluded winter session.