LIC loses 5% new premium market share to rivals

Last Updated: Friday, May 1, 2015, 20:50

Riding high on Unit Linked Insurance Plans (Ulips), some 23 of them have eaten up a full 5 per cent of new premium market from LIC.

Insurance regulator's proposal pose brand equity challenge for banks

Last Updated: Thursday, April 30, 2015, 13:22

The Indian insurance regulator`s proposal to make banks sell policies of at least two insurers of each category - life, general and health - has thrown up an unexpected brand equity challenge for the banks, insurance experts say.

LIC revamps senior-level mgmt, transfers 40 Eds

Last Updated: Monday, April 27, 2015, 18:24

Amidst a marginal slide in its market share, life insurance giant Life Insurance Corporation has revamped its senior level management to improve performance by transferring as many as 40 executive directors early this month.

New India eyes Rs 18K cr total premium in 2015-16

Last Updated: Thursday, April 16, 2015, 22:38

India's largest non-life insurer New India Assurance has set the bar high as it aims to cross the Rs 18,000-crore mark in global premium.

LIC sells about 2% stake in Tata Communications

Last Updated: Monday, April 13, 2015, 20:16

State-owned Life Insurance Corporation (LIC) brought down its stake in Tata Communications by about 2.03 percent in the company through open market transaction.

Changing nominee in life insurance policies to cost Rs 100 now

Last Updated: Friday, April 3, 2015, 18:31

Cancellation or change in nomination in insurance policies now comes at a cost as regulator IRDAI has allowed life insurers to charge up to Rs 100 for any such modification.

SBI to divest up to 10% stake in SBI Life Insurance

Last Updated: Tuesday, March 31, 2015, 08:55

SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif, the life, property and casualty insurance arm of France`s BNP Paribas SA.

Max Life, LVB tie up for distribution of insurance products

Last Updated: Monday, March 30, 2015, 14:26

Max Life Insurance has tied up with Lakshmi Vilas Bank for distribution of life insurance products through the bank's 400 branches across the country.

LIC keen on 40-year govt bonds

Last Updated: Wednesday, March 25, 2015, 16:28

Life insurance major LIC on Wednesday said it is keen on buying 40-year bonds which the government is set to issue this year.

LIC acquires 9.9% stake in rating agency CARE

Last Updated: Thursday, March 19, 2015, 22:10

Country's largest insurer LIC has picked up 9.9 percent stake in rating agency CARE for about Rs 428 crore.

Aviva India appoints Trevor Bull as MD, Chief Executive

Last Updated: Monday, March 9, 2015, 22:44

Aviva Life Insurance Company India Monday said it has appointed Trevor Bull as Managing Director and Chief Executive Officer.

IDBI Bank's NSE stake sale in next fiscal only

Last Updated: Sunday, March 8, 2015, 11:16

State-owned IDBI Bank plans to sell its entire 5 per cent stake in leading stock exchange NSE in the next fiscal as part of its capital raising exercise by existing non-core businesses.