Month: December 2012

There are nine exclusions under the policy. They are:

One of the top urban cooperative banks Abhyudaya co-op bank based in Munbai is also not spared when it comes to RBI’s norms.

The Madurai bench of the Madras high court has upheld a judgment passed by the Motor Accidents Claim Tribunal, Dindigul, on September 29, 2009, and directed the New India Assurance…

There is a difference of opinion between the chairman of the Insurance Regulatory and Development Authority (IRDA) and the finance ministry over the creation of a new post in the…

The Department of Disinvestment has said that the impression created by the news item "Did RBI's OMO help govt's NMDC selloff?" is not correct. Reserve Bank of India (RBI) is…

More than two-thirds of non-banking finance companies (NBFCs) face closure if the Usha Thorat panel recommendation on minimum asset size is implemented by the Reserve Bank of India, shutting a…

The proposed guidelines by the Reserve Bank of India (RBI) for the non-banking finance companies (NBFCs) are likely to impact the profitability of these entities by 15-20 basis points (0.15-0.20%)…

Even as premium income fell, the life insurance industry’s net profit more than doubled during 2011-12, at Rs 5,974 crore, against Rs 2,657 crore the previous year. Of the 24 life…

The Jammu and Kashmir government will soon provide insurance cover to panches and sarpanches, Minister Ali Mohammad Sagar said, reports PTI. Adequate remuneration will also be provided to them, he said…

Max Life Insurance, one of India’s leading life insurance companies in India, announced a “one-time” special bonus to all its active policyholders who have participating policies issued on or before…