IRDA NEWS:IRDA slaps Rs 49-lakh penalty on Tata-AIG Life Insurance
Insurance regulator IRDA recently slapped a penalty of Rs 49 lakh on Tata-AIG Life Insurance Company for violation of various regulatory norms.
Life Insurance corporation (LIC) launches new micro insurance policy ‘Jeevan Deep T-810’
The South Central Zone of the Life Insurance Corporation (LIC) of India, recently launched its 3rd micro-insurance named 'Jeevan Deep T-810'. Through this product, the largest insurer is eyeing to…
Life Insurance Corporation (LIC) buys $2-bn worth shares in Indian cos
The country's largest insurer LIC has purchased shares worth over USD 2 billion (about Rs 11,000 crore) in Indian companies - mostly in sectors like utilities, energy and software -…
Kotak Mahindra life Insurance ordered to pay Rs 36K to elderly man
Kotak Mahindra Old Mutual Life Insurance Ltd has been ordered to pay Rs 36,800 to a man for not returning the premium amount paid for a policy which he had…
L&T General Insurance incurs Rs 106-cr loss in FY’12
L&T General Insurance Company (LTGI) has incurred a loss of Rs 106 crore in its first full financial year of operations in 2011-12.
Kin of private firm executive awarded Rs 25L compensation
The family members of a private firm executive, mowed down by a rashly-driven truck in 2008, has been awarded a compensation of over Rs 25 lakh by a Motor Accident…
ICICI general insurance introduces ‘Complete Health Insurance ‘
ICICI Lombard General Insurance has launched a flexible health insurance product with no restriction on maximum entry age.
LIC Housing Finance plans to disburse 10% of total loan to developers
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC) plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of…