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.

Australian insurer IAG to raise stake in SBI General to 49%

Last Updated: Thursday, March 26, 2015, 14:02

Within days of Parliament clearing the Insurance Bill, Insurance Australia Group (IAG) has decided to increase its stake in SBI's general insurance arm from 26 percent to 49 percent.

Insurance set for valuation upgrade; may get $8-10 bn in FDI

Last Updated: Sunday, March 22, 2015, 12:39

Indian insurance sector is set for a major upgrade in its valuation and foreign players may infuse USD 8-10 billion (over Rs 60,000 crore) of capital with the passage of a new bill enhancing the FDI cap.

Sinha says faced tease,taunts during passage of Insurance Bill

Last Updated: Saturday, March 21, 2015, 20:34

Piloting the Insurance Amendment Bill was not just a political and professional challenge for Jayant Sinha as he also faced "teasing" and "taunts" over the stand his father as a former finance minister took on allowing foreign investment in the sector.

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'.

Bupa to up stake in Max India to 49%

Last Updated: Friday, March 13, 2015, 19:16

UK-based healthcare group Bupa will increase its stake in Max Bupa from 26 percent to 49 percent, said the company Friday a day after Parliament approved the law to hike foreign investment cap in the insurance sector.

IRDAI to issue regulations to govern Lloyd's syndicates

Last Updated: Friday, March 13, 2015, 13:47

India`s insurance regulator will frame guidelines for syndicates of Britain`s Lloyd`s to operate in the country, a senior official said Friday.

Financial stocks surge as Parliament approves Insurance Bill

Last Updated: Friday, March 13, 2015, 12:55

Stocks of companies with interest in insurance sector extended their uptrend for the second straight session and surged by 2-7 percent after Parliament yesterday approved the long-pending Insurance Bill.