LIC under scanner in Chhattisgarh over financial irregularity
The Life Insurance Corporation (LIC) of India has come under the scanner in Chhattisgarh for allegedly committing serious financial irregularities in a scheme meant for poor people.
Club mediclaim with accident insurance for total coverage
When we talk about insurance, we normally associate it with life insurance. It has captured a huge mindshare due to the saturation coverage that the media has given it. Of…
IRDA news: Senior citizens welcome new health insurance rules
The Insurance Regulatory and Development Authority's (IRDA) new policies have brought much relief to the senior citizens with the age limit raised to 65 years.
Insurers fear losses from draft health cover norms released by IRDA
The draft health insurance regulations released last week by the insurance regulator although lauded by policyholders, senior citizens and consumer activists for being pro-customer, may pose several challenges for insurance…
Health Insurance: For insurance, pre-existing disease will be deemed only if doctor certifies
For a medical insurance claim settlement, a disease cannot be said to be pre-existing unless it has been certified so by a doctor on the basis of tests prior to…
Ministry of finance plans to raise FDI cap in insurance sector to 49%
The Insurance Bill is back on the table, the finance ministry is considering a hike in FDI cap in the insurance sector to 49%.
SBI General Insurance expands biz
SBI General Insurance has acquired over 10,000 customers in Thiruvananthapuram during its first full year of operations. The company's premium income across the corporate, SME and retail segments during this…
Bancassurance tie-up will depend on final norms: Malay Ghosh
Reliance Life, the life insurance arm of ADAG’s Reliance Capital, says it is busy integrating the best practices of Nippon Life, its new partner. Malay Ghosh, president and executive director,…
Bharti AXA Life launches a new Multi-Media campaign
Bharti AXA Life launched a brand new advertisement campaign on their latest product “Bharti AXA Life Young India Planâ€. The campaign centres on the predicament of the young adults when they…
GIC Re posts Rs 2,490-cr net loss last fiscal
The General Insurance Corporation, India's sole re-insurer, has posted a net loss of Rs 2,490 crore in the fiscal ended March 2012, the first ever in its 40-year history. Gross…