ICICI Lombard in bancassurance tie-up with CSB

Last Updated: Thursday, September 3, 2015, 15:54

The company will able to offer general insurance solutions to the bank's customer base in Kerala, Tamil Nadu, Karnataka and Maharashtra.

FinMin says no plan to take general insurance companies public

Last Updated: Sunday, August 30, 2015, 13:19

The new Insurance Act allows the government to disinvest its stake in five general insurance companies -- New India Assurance, United India Insurance, National Insurance, Oriental Insurance and sole reinsurer GIC Re.

SBI hopes to sell stakes in insurance units by year end

Last Updated: Tuesday, August 11, 2015, 21:55

State-run State Bank of India Tuesday said the valuation process for the stake sale in its insurance units has begun and the transaction is likely to be completed by the end of the year.

PSU general insurers on promotion spree, elevates 21 DGMs to GMs

Last Updated: Sunday, August 9, 2015, 13:52

In their bid to take on rising competition, public sector general insurers have unveiled a succession planning by promoting their young officials to the post of general managers.

General insurance posts a robust 12.5% growth in Q1

Last Updated: Thursday, July 23, 2015, 13:04

Riding high on motor and fire premia and government-run social security schemes, the general insurance industry grew 12.5 per cent in the April-June quarter mobilising Rs 23,418 crore in premium income.

Only 30% people have insured their homes in India: Survey

Last Updated: Wednesday, June 17, 2015, 18:11

Most people in the country prefer not to spend on a home insurance policy despite awareness on the need for the cover, a Bajaj Allianz General Insurance survey said.

Bajaj Allianz FY15 profit up 37% at Rs 562 crore

Last Updated: Tuesday, June 9, 2015, 18:41

Bajaj Allianz General Insurance Tuesday reported a 37 percent jump in net profit at Rs 562 crore for 2014-15 in spite of natural calamity claims due to floods in Jammu and Kashmir and cyclone Hudhud.

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.

CCI approves AXA raising stake in insurance JVs with Bharti

Last Updated: Thursday, May 28, 2015, 00:11

Fair trade regulator CCI Wednesday approved European financial services giant AXA's proposal to hike its stake from 26 percent to 49 percent in its two insurance ventures with Sunil Mittal led Bharti Group, Bharti AXA Life Insurance and Bharti AXA General Insurance.

Bajaj Allianz GI profit up 37% Rs 562 cr in FY'15

Last Updated: Thursday, May 21, 2015, 12:35

Bajaj Allianz General Insurance has reported 37 percent rise in net profit at Rs 562 crore for 2014-15 despite settling claims worth Rs 962 crore on account of floods in J&K and Hudhud cyclone on Andhra Pradesh.

Govt approves 19 FDI proposals worth Rs 2,165 crore

Last Updated: Tuesday, May 5, 2015, 20:19

The government on Tuesday approved 19 FDI proposals worth Rs 2,165 cr including Rs 1,290 cr investment proposal of Bharti AXA Life and General Insurance.

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.