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.

CCI clears deal involving Aegon's life insurance JV

Last Updated: Friday, July 17, 2015, 22:31

The Competition Commission has approved the proposed deal related to Aegon Religare Life Insurance Company that would see Religare Enterprises exiting the joint venture.

'Public sector insurance firms defeating govt's objectives'

Last Updated: Sunday, May 17, 2015, 09:22

The apex consumer commission has imposed a punitive cost of Rs 10 lakh on a public sector insurance company for wrongly denying claims of several people, saying such firms "are always at their best in defeating noble objectives of any welfare scheme".

A one-rupee mystery at National Insurance Company

Last Updated: Sunday, April 12, 2015, 16:37

Policyholders and agents of government owned National Insurance Company Ltd. are facing what they call as the `one-rupee mystery', or `Re.1 conundrum', say agents and company officials.

Open Bancassurance can add 50mn customers in next 5 years: Nippon

Last Updated: Monday, February 9, 2015, 18:41

The Japanese insurance major believes that the open bancasurance architecture has the potential to double life insurance market in India in the next five years.

HDFC Ergo inks distribution pact with Deutsche Bank

Last Updated: Thursday, December 4, 2014, 19:44

HDFC Ergo General Insurance Company on Thursday said it has entered into a distribution agreement with Deutsche Bank.

Know fund source for premium of Rs 1 lakh/yr: IRDA to Birla Sun

Last Updated: Sunday, January 19, 2014, 14:59

Insurance sector regulator IRDA has asked Birla Sun Life Insurance Company to adopt effective procedure to know source of funds by policyholders and not merely rely on documentation for premium payment of over Rs 1 lakh per annum.

Family of MTNL employee get nearly 42 lakh compensation

Last Updated: Tuesday, January 14, 2014, 13:58

The family members of a MTNL employee, who died in a road accident in 2009, have been awarded a compensation of nearly Rs 42 lakh by a motor accident claims tribunal (MACT) here.

Max Life Insurance launches two products

Last Updated: Wednesday, December 11, 2013, 22:48

Private sector life insurance company Max Life Insurance has launched two new products, a company release said.

Reliance Life launches initiative to revive lapsed policies

Last Updated: Wednesday, November 6, 2013, 21:02

Reliance Life Insurance Company said Wednesday it has launched a new initiative to revive lapsed policies for its policy-holders.

Kin of road mishap victim gets 69.48 lakh compensation

Last Updated: Wednesday, October 9, 2013, 18:38

The family members of a man, who died after being killed in a road accident involving a rashly driven tanker, have been awarded a compensation of nearly Rs 70 lakh by a Motor Accident Claims Tribunal here.