LIC to bring anytime anywhere facility soon
Life Insurance Corporation of India (LICI) is all set to bring 'anytime anywhere' facility to its customers. This feature will facilitate the customers to pay or access its services from…
LIC launches single-premium plan ‘Jeevan Vaibhav’
Life Insurance Corporation of India (LICI) launched a new non unit-linked single premium product 'Jeevan Vaibhav'. The minimum premium amount for the plan is approximately Rs 95,000.
Top pvt life insurers shut 1,500 branches in 2 years
With “profitable growth†replacing “expansion drive†as the buzzword in the sector, the country’s top private life insurers have significantly reduced branches and employees over the last couple of years…
Web enabled facility to ascertain insurance particulars of motor vehicles
Insurers are aware that the Insurance Information Bureau (IIB) which acts as insurance data repository of the Authority has been engaged in collecting, collating and compiling inter alia motor insurance…
IndiaFirst Life Insurance to expand Autolife’ scheme
IndiaFirst Life Insurance Company is planning to expand its pilot life insurance scheme for vehicle buyers. The pilot, called ‘Autolife', was launched in association with Varun Motors in Andhra Pradesh.
Proportion of Insurance Claims in Rural Areas lesser- Hari Narayan, Chairman, IRDA
In rural areas, poor micro-insurance policyholders lag behind in making claims compared with others.
State Bank of Hyderabad to sell SBI General Insurance products
State Bank of Hyderabad has entered into a corporate agency agreement with SBI General Insurance Company to market the latter’s products in its branches.
Chit fund companies to sell insurance and mutual funds
Chit funds companies are diversifying into financial product distribution like mutual funds and insurance to increase revenues.
IDBI Federal Insurance to sell policies online
According to ,GV Nageswara Rao, M.D and C.E.O, IDBI Federal Life Insurance,“There is an increasing awareness for life insurance plans sold over the internet in India, with almost 10 million…
Insurance covers mosquito bite death
Death due to a mosquito bite is an accident and is covered under accidental death insurance, a consumer forum has said.