Govt inches closer to raising foreign investment cap in insurance to 49%

Last Updated: Wednesday, December 10, 2014, 19:07

The hike in foreign investment limit is estimated to attract about Rs 25,000 crore of overseas funds in the sector.

Panel favours 49% FDI in insurance; report to be presented in Parl Wednesday

Last Updated: Tuesday, December 9, 2014, 20:08

The report of the 15-member Parliamentary committee on the Insurance Amendment Bill, held up for nearly six years, is likely to be placed before the Rajya Sabha Wednesday.

PNB Metlife launches 3 life insurance products

Last Updated: Monday, December 23, 2013, 15:33

The other two products are endowment savings plan and money back plan, PNB Metlife said in a statement.

Efforts on to pass Insurance Bill in winter session: Minister

Last Updated: Friday, December 6, 2013, 15:32

Government will make all efforts to pass the Insurance Laws (Amendment) Bill in the ongoing winter session of Parliament, Minister of State for Finance J D Seelam said on Friday.

'Better pricing, reinsurance key to general insurance growth'

Last Updated: Sunday, December 1, 2013, 12:00

Though public sector general insurers are better capitalised to fund their future growth, industry officials feel adequate premium pricing and right reinsurance cover will enable the industry to chug ahead.

LIC outshines pvt sector insurers in H1 premium collection

Last Updated: Sunday, November 17, 2013, 11:54

State-owned Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 percent growth in premium collection during the first half of the current fiscal.

Future Generali eyes higher rural biz from sales tie-ups

Last Updated: Wednesday, October 2, 2013, 18:41

Private sector general insurer Future Generali India Insurance is eyeing higher penetration into rural markets for which it is tying up with co-operative banks to increase its reach, a top company official has said.

Private insurers cut down on branches; LIC ups the ante

Last Updated: Sunday, September 15, 2013, 13:50

The number of branches operated by life insurers across India has come down by over 10 percent in the last two years, primarily because of branch closures by private players even as state-run LIC expanded its footprint.

General insurers focus on retail, small towns to beat slowdown

Last Updated: Sunday, August 4, 2013, 11:46

Industry officials also say that there is an increasing focus on renewal premium, as the new premium growth from the motor, engineering segments has slowed.

IRDA for banks selling products of multiple insurers

Last Updated: Wednesday, July 10, 2013, 16:08

Insurance regulator IRDA on Wednesday indicated favouring banks to sell products of multiple insurance companies as the move would help deepen insurance penetration in the country.

CCI rules out abuse of dominance by United India Insurance

Last Updated: Friday, July 5, 2013, 15:14

Competition Commission has rejected allegations of abuse of dominance against United India Insurance Co and its third party administrator E-Meditak in the market for medical insurance services.

There has to be different yardstick in choosing multiplier: HC

Last Updated: Saturday, June 29, 2013, 08:52

Madras High Court ruled that if an NRI dies in an accident in India then in choosing multiplier, there has to be a different yardstick as between an Indian and NRI.