RBI notifies hike in FDI cap in insurance sector to 49%
With this, RBI has included a new term 'Other Insurance Intermediaries appointed under the provisions of Insurance Regulatory and Development Authority Act, 1999' under the definition of 'Insurance'.
Apr 08, 2015, 21:58 PM IST
Passing IRDAI prescribed exam must to become insurance agent
Insurance sector regulator IRDAI has made passing an examination based on its syllabus a must for becoming an insurance agent.
Apr 02, 2015, 17:43 PM IST
Insurance set for valuation upgrade; may get $8-10 bn in FDI
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.
Mar 22, 2015, 12:39 PM IST
Insurance sector to get lot of foreign investment: Jaitley
With the passage of three key economic legislations in Parliament, Finance Minster Arun Jaitley on Friday exuded confidence that the insurance sector is expected to get a lot of foreign investment.
Mar 20, 2015, 19:24 PM IST
Insurance penetration in India at 3.9%, below world average
Insurance penetration in India at 3.9 percent was below the world average of 6.3 percent in 2013, Parliament was informed Tuesday.
Mar 10, 2015, 18:36 PM IST
Aditya Birla Group plans to foray into health insurance biz
Diversified conglomerate Aditya Birla Nuvo Ltd (ABNL) is planning to enter health insurance business in the country.
Feb 11, 2015, 22:27 PM IST
Norms tightened for appointment of agents by insurers
Under the newly promulgated Ordinance, insurers cannot appoint any "principal agent, chief agent and special agent", neither they can transact any insurance business through them.
Jan 04, 2015, 16:43 PM IST
Insurance Ordinance to help firms raise funds: Fin Min
The Finance Ministry on Saturday said the Ordinance for insurance sector reform will help companies raise capital through new and innovative instruments, besides promoting economic growth and job creation.
Dec 27, 2014, 21:19 PM IST
Modi picks up pace on economic reform, opposition remains
Prime Minister Narendra Modi is increasing his focus on economic reforms including raising the cap on foreign investment in the insurance sector.
Nov 21, 2014, 15:26 PM IST
LIC favours raising FDI cap in insurance sector to 49%
Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee that is evaluating amendments to a Bill pending for four years in Rajya Sabha.
Sep 13, 2014, 23:39 PM IST
Insurers may need around Rs 8,000 crore as new capital: ICRA
The non-life segment will lead the recapitalisation drive in the domestic insurance sector, as the industry as a whole may raise up to Rs 8,000 crore over the next five years to shore up equity capital, says a report.
Sep 10, 2014, 20:27 PM IST
New disclosure norms expose insurers' policy-retention claims
Barring a few, such as ICICI Prudential, Reliance Life and Kotak Life, most of the life insurance companies have disclosed lower 'persistency ratios' for the first quarter of the current fiscal ended June 30, as also for the full financial year ended March 31, 2015.
Sep 07, 2014, 15:40 PM IST
Keenly watching developments over Insurance Bill: Metlife
The Insurance Amendment Bill is pending passage in Parliament as several opposition parties, including Congress, are opposing the Bill in its present form.
Aug 07, 2014, 16:48 PM IST
Insurance cos to get much-needed capital from higher FDI: Singh
Welcoming the government's proposal to hike FDI ceiling in insurance sector to 49 percent, Fortis Healthcare Executive Chairman Malvinder Mohan Singh on Friday said the move would help insurance firms attract much-needed capital from overseas partners.
Jul 18, 2014, 19:41 PM IST
Raising FDI cap in insurance will spur growth: Irda
Raising FDI cap in the insurance sector will spur growth in this industry, ensuring entry of more players, Insurance Regulatory and Development Authority said on Friday.
Jul 18, 2014, 17:41 PM IST
Insurance sector to benefit from any hike in investment limit: AIG
The reported proposal to double the exemption limit for investments by individuals to Rs 2 lakh in the forthcoming budget will accelerate growth in the insurance sector and also give some relief to the people, a top Tata AIG General Insurance official said Tuesday.
Jul 01, 2014, 17:54 PM IST
TCS wins 5-year IT services contract from Dutch insurance firm
TCS has been present in the Netherlands and Benelux region since 1992 and has continuously invested in the market locally.
Jun 25, 2014, 17:55 PM IST
