Reliance Life Insurance reports Rs 373 cr profit
Reliance Life Insurance Company, part of Anil Ambani group, has reported first full-year net profit at Rs 373 crore for the fiscal ending March 31, 2012.
What is Health Insurance?
The term ‘Health Insurance’ relates to a type of insurance that essentially covers your medical expenses.A health insurance policy like other policies is a contract between an insurer and an individual /…
Reinsurance demand to rise in non-peak zones
Demand for reinsurance cover in non-peak zones is likely to increase as economic growth sends insured values soaring, Hannover Re’s chairman, Ulrich Wallin, told today’s Insurance Day Summit London.
Nuclear Power Corporation of India(NPCIL) to insure nuclear assets
Nuclear Power Corporation of India Ltd (NPCIL) has proposed to insure its nuclear assets, including the ‘nuclear island’ that holds core reactors.
IRDA suggests Life Insurance Council to prepare single insurance product
IRDA has asked the Life Insurance Council to design a single insurance product that will cover life, non-life and health.
IRDA chairman underlines that nobody should be refused an insurance but admits enforcement may be lacking
J Hari Narayan, chairman, IRDA (Insurance Regulatory and Development Authority), said no party should be refused an insurance policy and disability should not be a ground for rejecting insurance.
IFFCO-Tokio General Insurance appoints Yogesh Lohiya as the new Managing Director and CEO
IFFCO-Tokio General Insurance Company on 15th of May announced the appointment of Mr. Yogesh Lohiya as the new Managing Director and Chief Executive Officer (CEO). He will take over the…
SBI Life Insurance registers a record profit of Rs 556 crore in FY’ 12
Private sector insurer, SBI Life Insurance has registered a record profit of Rs 556 crore during the fiscal year 2011-12, an increase of 52% over the last fiscal year. For…
Third-party motor pool needed Rs 65 billion: CRISIL
According to the report of a leading credit rating and information agency, CRISIL, insurers may have to provide additional Rs 6,500 crore in the third-party (TP) motor pool to comply…
IRDA puts approval of pension plans on hold
The Insurance Regulatory and Development Authority (IRDA) has put approval of pension products on hold as some fresh changes are to be made.