Month: September 2012

An Insurance policy undertakes to indemnify the loss to the insured property by an insured peril. In other words, a loss sustained by an insured may not be an admissible…

Chola MS General Insurance Company (Chola MS), a JV between the $4.4-billion Murugappa Group and Mitsui Sumitomo Insurance, is in its 10th year of operation in India. The company has…

Former chairman of Life Insurance Corporation (LIC), S B Mathur, is likely to take over as the new non-executive chairman of the National Stock Exchange (NSE), the country’s largest equity…

Private insurer Edelweiss Tokio Life Insurance recently launched two unit-linked insurance plans that would seek to maximise returns for customers with sufficient life cover.

With the draft guidelines on general insurance companies raising capital from the public being issued by the Insurance Regulatory and Development Authority (IRDA), the process of shoring up the capital…

The Thiruvananthapuram division of Life Insurance Corporation of India has commenced online sales of Jeevan Akshay, a pension plan.

J Hari Narayan hit out at companies filing for approval of pension products that do not have the pension element in it. Addressing reporters at an insurance summit organised by…

Pushing for higher foreign direct investment (FDI) cap in the insurance sector, Insurance Regulatory Development Authority (IRDA) chairman J Hari Narayan recently said the FDI in insurance would enable the…

Advocating the need to hike foreign direct investment (FDI) cap in the insurance sector, chairman of the Insurance Regulatory Development Authority (IRDA) said that FDI in insurance would enable the…

The Cabinet meeting scheduled recently is likely to consider a hike on foreign direct investment (FDI) in insurance sector.