Last Updated: Friday, July 17, 2015, 22:31
The Competition Commission has approved the proposed deal related to Aegon Religare Life Insurance Company that would see Religare Enterprises exiting the joint venture.
Last Updated: Thursday, July 16, 2015, 22:48
Insurers in India perceive managing change in industry as the top risk to their business, which is in sharp contrast to overall global results that cite regulation as a major risk, says a recent survey.
Last Updated: Thursday, July 16, 2015, 20:11
Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.
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.
Last Updated: Tuesday, July 14, 2015, 19:27
Admitting that the condition of farmers is a "matter of concern", Jaitley said, "In the coming time, we have plans to spend Rs 50,000 crore on farming and irrigation sectors in the country."
Last Updated: Monday, July 13, 2015, 21:54
The Finance Ministry has invited eight senior officials from state-owned general insurers for interview to fill up the two CMD posts in GIC Re and National Insurance Company (NIC) in the national capital on July 15.
Last Updated: Sunday, July 12, 2015, 15:55
"Hopefully, in the near future, a viable and vibrant insurance scheme will be in place for farmers," Jaitley said.
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.
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.
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.
Last Updated: Sunday, July 5, 2015, 12:52
Insurers have settled a claim a day on average since the launch of government's flagship social security insurance schemes, giving relief of Rs 61 lakh to the kin of policyholders.
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.
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