Air India gets 20% discount on annual insurance premium

Last Updated: Thursday, September 10, 2015, 22:36

Debt-ridden Air India has got a 20 percent discount on insurance premium while renewing its annual policy starting October, a senior official said Thursday.

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.

Sun Life eyes bigger stake in India insurance venture: CEO

Last Updated: Friday, August 7, 2015, 09:14

Birla Sun Life is a joint venture with Indian conglomerate Aditya Birla Group and is one of India’s biggest insurance companies.

No decision yet on Cairn-Vedanta deal: United India Insurance

Last Updated: Tuesday, August 4, 2015, 22:55

Public sector player United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, Tuesday said it has not taken any stand on the merger issue of Vedanta and Cairn India Ltd.

CCI imposes Rs 671 crore fine on four state-run insurers

Last Updated: Thursday, July 16, 2015, 20:11

Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.

'India, US must increase cooperation in financial services sector'

Last Updated: Tuesday, June 16, 2015, 22:59

India's financial services sector offers huge opportunities to US companies and both the nations must increase cooperation in areas, including, infrastructure financing, insurance, pension and corporate bond market, a Ficci report said on Tuesday.

Religare to exit life insurance; Aegon to hike stake to 49%

Last Updated: Tuesday, May 12, 2015, 16:13

Financial Services firm Religare Enterprises on Tuesday said will exit Aegon Religare Life Insurance Company by selling its stake to existing partner Bennett, Coleman and Company Ltd of the Netherlands.

India Inc hails PM's social security initiatives

Last Updated: Saturday, May 9, 2015, 20:45

The schemes are expected to address the issue of very low coverage of life or accident insurance and old age income in the country.

Federal Bank signs pact with LIC for PMJJBY

Last Updated: Friday, May 8, 2015, 18:40

The insurance scheme provides for a life cover of Rs 2 lakh at an annual premium of Rs 330.

PM to launch 3 mega social security schemes tomorrow

Last Updated: Friday, May 8, 2015, 17:55

After Jan Dhan, Prime Minister Narendra Modi will launch tomorrow three mega social security initiatives -- one pension and two insurance schemes.

'Online buying of non-life insurance schemes rising in India'

Last Updated: Thursday, May 7, 2015, 22:48

Online purchase of non-life insurance policies in the country is on a rise, while motor insurance attracts the maximum number of customers, a study said on Thursday.

IRDA imposes Rs 60 lakh penalty on United India Insurance

Last Updated: Monday, April 27, 2015, 23:25

Insurance regulator IRDA Monday imposed a penalty of Rs 60 lakh on state-owned United India Insurance Company Ltd for violation of various regulatory provisions.