ICICI Prudential Life Insurance launches new policy

Last Updated: Wednesday, January 16, 2013, 22:38

ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life) has announced the launch of ICICI Pru Shubh Retirement, a new policy for its clients throughout the country including Sikkim to address the growing need for post retirement income.

IRDA proposes uniform definition of key terms in health insurance

Last Updated: Monday, January 14, 2013, 23:16

IRDA has come out with standard definition of various key terms like critical illness with a view to bring in uniformity and promote health insurance.

IRDA plans advanced detection system to check claim frauds

Last Updated: Sunday, December 30, 2012, 12:51

Worried over fraud in the health insurance sector, Insurance Regulatory and Development Authority (IRDA) plans to build an advanced detection and prevention system to check fraudulent claims.

Residence proof norms for micro-insurance products eased

Last Updated: Sunday, December 30, 2012, 12:28

Insurance regulator IRDA has decided to relax the requirement of written confirmation from banks as a proof of residence for micro-insurance policy seekers from remote areas.

IRDA for proper compensation for fin product distributors

Last Updated: Wednesday, December 19, 2012, 21:34

There are several emerging challenges in the distribution of financial products given the larger extent of financial exclusion and lack of financial deepening, said top professionals from the financial services industry here.

Raising investment limit for insurers would be imprudent: IRDA

Last Updated: Monday, December 10, 2012, 17:58

Insurance regulator IRDA on Monday said raising investment limit for insurance companies to 30 percent would be "imprudent" and insurers should be conservative in their approach, not as aggressive as venture capitalists.

Bharti AXA Life launches an improved version of 'eProtect'

Last Updated: Tuesday, December 4, 2012, 21:13

Private insurer Bharti AXA Life Insurance Tuesday announced the launch of its improved online term insurance plan, Life eProtect.

HDFC ERGO Gen launches 'Health Suraksha Top Up' plan

Last Updated: Monday, November 26, 2012, 21:20

Private insurer HDFC ERGO General Insurance on Monday launched 'Health Suraksha Top Up' plan allowing a customer a larger sum insured limit at lower cost.

Govt to push insurance, banking Bills in Winter Session

Last Updated: Tuesday, November 20, 2012, 21:43

Insurance Bill, that seeks to raise foreign direct investment (FDI) cap in the sector from 26 percent to 49 percent figures in the list of official business for the session.

Max Life Insurance H1 net up 6% at Rs 398 cr

Last Updated: Thursday, November 15, 2012, 18:16

Private insurer Max Life Insurance Thursday reported 6 percent growth in net profit at Rs 398 crore for the six months ended September 30, on the back of steady revenue coupled with better productivity and cost efficiency.

Reliance Capital group begins managing Nippon Life funds

Last Updated: Monday, November 5, 2012, 15:24

Taking forward its partnership with Nippon Life, Reliance Capital Group has begun managing the funds of Japanese financial services giant for investments in India.

Insurance premium collection down 4.2% at Rs 46,963 cr in H1

Last Updated: Wednesday, October 31, 2012, 20:51

The total premium collections of the life insurance industry in the country have gone down by 4.2 percent in the first six months of the current fiscal to Rs 46,963 crore.