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.

EPFO panel approves raising insurance cover to Rs 5.5 lakh

Last Updated: Wednesday, September 9, 2015, 19:22

Retirement fund body EPFO's panel on its pension and insurance schemes has approved a proposal to increase the maximum amount assured under the EDLI scheme to Rs 5.5 lakh from Rs 3.6 lakh.

LIC Housing Finance to raise up to Rs 47,000 crore

Last Updated: Monday, September 7, 2015, 20:47

LIC Housing Finance Ltd (LHFL) Monday it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis.

LIC taking advantage of market fall, buying stocks: Chairman

Last Updated: Monday, September 7, 2015, 20:46

The recent fall in stock markets is a good buying opportunity for long-term investors, and LIC has been been buying stocks, said its Chairman S K Roy Monday.

EPFO likely to raise maximum insurance cover to Rs 5.5 lakh

Last Updated: Sunday, September 6, 2015, 11:12

After getting the committee's nod, it will then be placed before the EPFO's apex decision making body the Central Board of Trustees' (CBT) headed by the Labour Minister.

Investment products should have no upfront commissions: Panel

Last Updated: Thursday, September 3, 2015, 22:58

A government appointed panel has suggested complete phase out of upfront commissions on investment products like insurance, mutual funds and pensions.

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.

Strengthening network key to insurance sector growth: Report

Last Updated: Sunday, August 30, 2015, 13:15

Insurers should embrace the digital space with a resilient cyber security framework to disrupt the traditional business structures, it said, adding that cyber-security is a key risk area for insurance.

Rs 22K crore mobilised under Jan Dhan Yojana: Govt

Last Updated: Friday, August 28, 2015, 19:27

Government on Friday said Rs 22,000 crore have been deposited in over 17.5 crore bank accounts within a year of the launch of the Pradhan Mantri Jan Dhan Yojana, the largest financial inclusion scheme in the world.

Edelweiss Financial Services shares surge over 4%

Last Updated: Wednesday, August 26, 2015, 13:05

Shares of Edelweiss Financial Services Wednesday surged over 4 percent, after its subsidiary Edelweiss Tokio Life Insurance got necessary approval from FIPB to increase its FDI cap.

LIC buys nearly 90% of Indian Oil's shares on offer

Last Updated: Tuesday, August 25, 2015, 20:10

State-owned Life Insurance Corp of India (LIC) has purchased nearly 90 percent of Indian Oil shares sold by the government in its Rs 9,379-crore disinvestment.