Last Updated: Thursday, July 16, 2015, 23:13
State-owned non-life insurers are "surprised" at the Rs 671-crore penalty that fair trade watchdog CCI on Thursday slapped on them for allegedly forming a cartel and rigging the tender floated by Kerala government to select insurance provider for Rashtriya Swasthya Bima Yojna.
Last Updated: Wednesday, July 15, 2015, 20:46
The life insurance sector, consisting of 24 companies led by state-owned LIC, had seen its total new premium fall by 6 per cent to Rs 1,13,140 crore in 2014-15 from Rs 1,20,162 crore in 2013-14.
Last Updated: Thursday, January 8, 2015, 13:11
The increase in foreign direct investment (FDI) limit by 23 percent to 49 percent is expected to alleviate the capital pressure on Indian private non-life insurers, global credit rating agency Moody`s Investor Service (MIS) said Thursday.
Last Updated: Friday, December 19, 2014, 20:37
It would encourage long-term savings and help incremental flows come into life insurance sector, LIC said in a pre-budget memorandum submitted to Finance Ministry last week.
Last Updated: Sunday, March 31, 2013, 16:14
Total premium collected during the April-February period of 2012-13 fiscal by the industry stood at Rs 84,501.75 crore, down 6.12 percent over the same period previous year.
Last Updated: Friday, January 18, 2013, 18:21
Non-life insurers are unlikely to hit the capital market to raise resources and are expected to wait for a year or two because of weak financials, a top official of an insurance company said on Friday.
Last Updated: Friday, August 31, 2012, 10:35
With studies showing positive risk profile of women for non-life insurers, the Pune-based Bajaj Allianz General Insurance Company Ltd. plans to introduce gender based pricing of its health insurance products, said a top company official Thursday.
Last Updated: Saturday, August 18, 2012, 14:51
Indian non-life insurers should be careful while underwriting risks as the non-life insurance market is on a high growth path and needs additional capital to support the business, a top official of General Insurance Corporation of India (GIC) said.
Last Updated: Thursday, June 28, 2012, 00:08
The Indian non-life insurance sector logged an overall premium growth of 18.27 percent in May 2012 as compared to the same period of 2011, as per figures released by Insurance Regulatory and Development Authority (IRDA) Wednesday.
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