HDFC to sell 9% stake in HDFC Life to UK firm for over Rs 1700 crore

Last Updated: Friday, August 14, 2015, 23:47

HDFC on Friday said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.

Managing change in industry top risk for insurers: Survey

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.

CCI clears AXA raising stake in insurance JVs with Bharti

Last Updated: Thursday, May 28, 2015, 13:41

AXA is the first foreign partner to increase its stake in a domestic insurance company after the government had approved up to 49 percent FDI in insurance sector in March, compared to 26 percent earlier.

IRDAI seeks suggestions on proposed amendments to its rules

Last Updated: Monday, May 11, 2015, 22:18

Insurance sector regulator IRDAI has sought public comments on proposed amendments to its existing norms pursuant to the introduction of Insurance Laws (Amendment) Act, 2015.

Insurance bill passage shows firm commitment of Indian govt

Last Updated: Wednesday, May 6, 2015, 08:29

Describing the passage of India's Insurance Bill - that raises the FDI cap to 49 per cent - as a "substantial step", an influential US insurance organisation has lauded the new government for going ahead with the economic reforms and infusing new energy.

Insurance FDI: AXA to up stake in Bharti JVs for Rs 1,290 crore

Last Updated: Tuesday, May 5, 2015, 20:41

The government has approved French insurance firm AXA raising stake in its life insurance joint venture with Bharti Group to 49 percent for Rs 858.6 crore.

Indian economic reforms on right track: US

Last Updated: Tuesday, April 14, 2015, 11:43

A series of reforms unleashed by India in recent months are "important steps" around open, predictable and rules based reforms, a senior American trade official has said, but insisted that more needs to be done to attract foreign investments in particular those from the US.

RBI notifies hike in FDI cap in insurance sector to 49%

Last Updated: Wednesday, April 8, 2015, 21:58

With this, RBI has included a new term 'Other Insurance Intermediaries appointed under the provisions of Insurance Regulatory and Development Authority Act, 1999' under the definition of 'Insurance'.

After Llyod's, many other reinsurers keen to start operations in India

Last Updated: Tuesday, March 17, 2015, 12:53

The move is expected to stimulate the insurance sector and help bring in over Rs 50,000 crore in fresh capital, according to experts.

'Penalty of up to Rs 25 cr for mis-selling insurance policies'

Last Updated: Friday, March 13, 2015, 22:24

The amended insurance law provides for a penalty of up to Rs 25 crore for mis-selling or misrepresentation of policies by agents or insurance companies to customers.

Insurance-linked stocks end mixed after initial euphoria

Last Updated: Friday, March 13, 2015, 20:56

Paring most of their initial gains, stocks of companies with interest in insurance sector today ended mixed in an overall weak stock market amid profit-booking after Parliament approved the Insurance Bill.

'Rs 60,000 cr inflow likely in 5 years to insurance sector'

Last Updated: Friday, March 13, 2015, 19:32

The foreign investment limit hike in insurance to 49 percent is likely to result in capital inflows of up to Rs 60,000 crore over the next five years, SBI said in a research report `Ecowrap'.