Last Updated: Friday, August 7, 2015, 22:43
Insurance sector regulator IRDAI has slapped a penalty of Rs 85 lakh on Reliance Life for violation of various norms, including outsourcing guidelines.
Last Updated: Friday, August 7, 2015, 22:35
Insurance watchdog IRDAI has issued directive to life insurers to streamline process to ensure timely payment of pension to policyholders who have bought such products from them.
Last Updated: Friday, August 7, 2015, 09:14
Birla Sun Life is a joint venture with Indian conglomerate Aditya Birla Group and is one of India’s biggest insurance companies.
Last Updated: Thursday, August 6, 2015, 19:09
Aviva Plc Thursday said it is planning to increase stake to 49 percent from existing 26 percent in its joint venture business in India.
Last Updated: Tuesday, August 4, 2015, 22:55
Public sector player United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, Tuesday said it has not taken any stand on the merger issue of Vedanta and Cairn India Ltd.
Last Updated: Monday, August 3, 2015, 20:41
Italian-based investment company Exor, controlled by the Agnelli family, said Monday it had struck a $6.9 billion (6.3 billion euro) deal to buy reinsurer PartnerRe.
Last Updated: Monday, August 3, 2015, 15:24
It was also noticed that the officers were not frequently changing their password. "
Last Updated: Sunday, August 2, 2015, 15:15
In spite of mounting regulatory glare and analyst criticism, state-run financial sector powerhouse LIC has reaped rich returns from its equity market play in the last fiscal with 15 percent gains at Rs 24,373 crore.
Last Updated: Sunday, August 2, 2015, 15:03
All state-run general insurers are likely to issue a master mediclaim policy for bank employees through Indian Banks Association (IBA) by this month end.
Last Updated: Monday, July 27, 2015, 18:46
Amid concerns over rising incidents of farmer suicides in the country, the Narendra Modi-led government is planning to unveil an exclusive all-in-one insurance product for the farming community as part of its ongoing social security scheme.
Last Updated: Thursday, July 23, 2015, 13:04
Riding high on motor and fire premia and government-run social security schemes, the general insurance industry grew 12.5 per cent in the April-June quarter mobilising Rs 23,418 crore in premium income.
Last Updated: Sunday, July 19, 2015, 18:03
After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.
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