Life insurance market clocks 20% growth in first quarter

Last Updated: Sunday, July 19, 2015, 18:03

After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.

Comply with anti-money laundering norms: Irda to LIC, ICICI Pru

Last Updated: Tuesday, January 21, 2014, 20:57

Irda has asked LIC to put in place systems and controls to comply with AML provisions. It said there were no systems in place to detect and monitor when a person made multiple cash transactions aggregating over Rs 50,000 in cash.

IRDA probing money laundering allegations against insurers

Last Updated: Monday, May 6, 2013, 20:32

Insurance regulator IRDA Monday said it is examining the allegations of money laundering levelled against LIC, Reliance Life, Tata AIA and Birla Sunlife and action will be taken against the guilty at the earliest.

Haryana govt bars ICICI Prudential for 3 years

Last Updated: Wednesday, April 17, 2013, 15:35

The Haryana government has barred ICICI Prudential Life Insurance for three years from doing any further business with it or any of its departments for "intentionally delaying" the process of distribution of annuity to land owners and failure to carry out commitments.

Irda report on money laundering by insurance cos likely next week

Last Updated: Friday, April 12, 2013, 18:47

Insurance regulator Irda Friday said it is likely to finalise report by next week on the allegations of money laundering by three companies - HDFC Life, ICICI Prudential Life and Max Life - following and expose by Cobarapost.

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.

ICICI Pru's premium collection rises 7% in Apr-Oct

Last Updated: Tuesday, November 27, 2012, 21:20

ICICI Prudential premium collection has gone up to Rs 2,365 crore during the April-October 2012, as compared to Rs 2,210 crore in the corresponding period last year.