PNB MetLife eyes 30% growth in first premium income
Life insurance firm PNB MetLife is expecting 30 percent growth in first premium income during the current financial year, a senior company official said on Wednesday
Mar 16, 2016, 18:42 PM IST
Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore
Japan's Nippon Life Insurance on Tuesday announced the acquisition of another 23 percent stake in Reliance Life Insurance for about Rs 2,265 crore.
Nov 24, 2015, 15:52 PM IST
IRDAI asks life insurers to avoid delay in pension payment
Insurance watchdog IRDAI has issued directive to life insurers to streamline process to ensure timely payment of pension to policyholders who have bought such products from them.
Aug 07, 2015, 22:35 PM IST
Life insurance market clocks 20% growth in first quarter
After witnessing de-growth since 2010, the life insurance industry rebounded in the first quarter of the fiscal recording a robust 20 percent growth in new premium income.
Jul 19, 2015, 18:03 PM IST
CCI clears deal involving Aegon's life insurance JV
The Competition Commission has approved the proposed deal related to Aegon Religare Life Insurance Company that would see Religare Enterprises exiting the joint venture.
Jul 17, 2015, 22:31 PM IST
Life insurers total assets up 17% in FY15, new premium down
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.
Jul 15, 2015, 20:46 PM IST
Life insurance premiums jump 24% in April-May
LIC made a smart recovery with a 21 per cent growth in total premium mop-up at Rs 9,384 crore in the said period. The Corporation's business stood at Rs 7,757 crore in the year-ago period.
Jul 10, 2015, 20:19 PM IST
IRDA slaps fine of Rs 10 lakh on Tata AIA Life Insurance
Insurance regulator IRDA Monday imposed a fine of Rs 10 lakh on Tata AIA Life Insurance for violation of excess payment to corporate agents.
Jul 06, 2015, 23:44 PM IST
Life insurance body apprehends PMJJBY viability
Apex body of life insurers, Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) attractive for its member companies apprehending its viability under the present pricing policy.
Jul 05, 2015, 17:54 PM IST
Swiss Re aims to grow its India business by 25% by year-end
World's second-largest reinsurer Swiss Re aims to grow its business in the country and other parts of Asia, including China and Indonesia, by 25 percent by 2015-end.
May 27, 2015, 22:37 PM IST
'Public sector insurance firms defeating govt's objectives'
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".
May 17, 2015, 09:22 AM IST
Religare to exit life insurance; Aegon to hike stake to 49%
Financial Services firm Religare Enterprises on Tuesday said will exit Aegon Religare Life Insurance Company by selling its stake to existing partner Bennett, Coleman and Company Ltd of the Netherlands.
May 12, 2015, 16:13 PM IST
IRDAI seeks suggestions on proposed amendments to its rules
Insurance sector regulator IRDAI has sought public comments on proposed amendments to its existing norms pursuant to the introduction of Insurance Laws (Amendment) Act, 2015.
May 11, 2015, 22:18 PM IST
LIC's market share slips below 70% in FY15
Country's largest life insurer LIC Monday said its market share in terms of new premium income slipped to 69.21 percent in FY 2015 from 75 percent a year ago, as the corporation had to stop selling Ulip products and discontinue a host of other products in new regulatory regime.
May 11, 2015, 21:57 PM IST
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): Key Highlights
Pradhan Mantri Jeevan Jyoti Bima Yojana will be a one year cover, renewable from year to year, Insurance Scheme offering life insurance cover for death due to any reason.
May 09, 2015, 11:08 AM IST
SAT may hear SBI Life case against IRDAI this week
The Securities Appellate Tribunal (SAT) has served a notice to Insurance Regulatory and Development Authority of India (IRDAI) in adjudication of a case relating to SBI Life, the life insurance arm of SBI.
May 03, 2015, 12:41 PM IST
Insurance regulator's proposal pose brand equity challenge for banks
The Indian insurance regulator`s proposal to make banks sell policies of at least two insurers of each category - life, general and health - has thrown up an unexpected brand equity challenge for the banks, insurance experts say.
Apr 30, 2015, 13:22 PM IST
New India eyes Rs 18K cr total premium in 2015-16
India's largest non-life insurer New India Assurance has set the bar high as it aims to cross the Rs 18,000-crore mark in global premium.
Apr 16, 2015, 22:38 PM IST
Changing nominee in life insurance policies to cost Rs 100 now
Cancellation or change in nomination in insurance policies now comes at a cost as regulator IRDAI has allowed life insurers to charge up to Rs 100 for any such modification.
Apr 03, 2015, 18:31 PM IST
Max Life, LVB tie up for distribution of insurance products
Max Life Insurance has tied up with Lakshmi Vilas Bank for distribution of life insurance products through the bank's 400 branches across the country.
Mar 30, 2015, 14:26 PM IST
