Insurance sector to witness massive changes
The insurance sector is expected to witness massive changes after the finance ministry intervention. The sector has been characterised by diminishing sales in the past couple of years, according to…
Swiss Re Corporate becomes insurance provider of Solar Impulse
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, is joining forces with Solar Impulse, the world’s first purely solar powered airplane able to fly through the…
Life insurance plans should be more attractive & affordable
Bruce Hodkinson, Head of Swiss Re's Life and Health Continental Europe business says: "We need to educate consumers in the area of life insurance and make sure that they know…
Now, get your social media accounts insured against hacking
Users of social media such as Facebook, LinkedIn and Twitter, may soon be able to get their accounts insured against the nuisance of hacking. A UK-based company, ALLOW has launched…
ICICI Lombard unveils flexi health plan
ICICI Lombard General Insurance has launched “Complete Health Insurance†— a flexible health insurance scheme.
Max Life to pay death claims in 10 days
Max Life Insurance today introduced a ‘Claims Guarantee’ customer-centric initiative to provide a friendly and hassle-free death claim within 10 days.
NICL to pay Rs 92K for arbitrary rejection of claim
The National Insurance Co Ltd (NICL) has been directed by a consumer forum here to pay Rs 92,220 to the widow of a policy holder for "arbitrarily" rejecting her claim…
Kin of road mishap victim awarded Rs 20 lakh as compensation
The family of a 32-year-old road mishap victim, who died on being hit by an auto rickshaw while crossing the road, has been awarded a compensation of over Rs 20.42…
Leapfrog buys 15% in Mahindra Insurance Brokers
Global investment firm LeapFrog today picked up 15 per cent stake Mahindra Insurance Brokers Ltd (MIBL), a subsidiary of Mahindra Finance, for Rs 80 crore.
IRDA NEWS:IRDA stops IGE, J&K Bank from subscribing to MetLife issue
The Insurance Regulatory and Development Authority (IRDA) has restricted International General Electric Corporation (IGE) and J&K Bank from subscribing to a fresh issue of shares by MetLife India.