Government may get support from BJP to raise FDI in insurance
Government may get support from BJP on much debated FDI raise in insurance if it reaches out to the opposition. The government is willing to raise FDI raise from existing…
Insurance Australia Group to increase presence in India as part of Asia strategy
Insurance Australia Group is increasing presence in Asia including India in a bid to generate 10 per cent of its business from the region within four years.
IDBI Federal Life launches Suvidha Savings Insurance Plan
Private insurer IDBI Federal Life Insurance today launched 'Suvidha Savings Insurance Plan' that is affordable plan with no medical tests and simple documentation.
National Insurance to pay Rs 2.75L for wrongly rejecting mediclaim
The National Insurance Company Ltd has been directed by a consumer forum here to pay Rs 2.75 lakh to a policy holder for rejecting his claim seeking reimbursement of expenses…
Insurance policy effective as soon as payment made: consumer court to Tata AIG General Insurance
The insurance policy comes into effect as soon as the first premium/instalment is paid, Thane District Consumer Forum has ruled, allowing the claim of a person whose vehicle met with…
IRDA circular: Integrated Surveyor Licensing Management System
IRDAÂ is in the process of implementing a module which would enable online submission of applications for enrolment / grant of fresh/ renewal license to Surveyors and Loss Assessors.
New Swiss Re sigma study on world insurance in 2011 shows non-life insurance premiums continued to grow in 2011 despite an overall decline in premiums
Swiss Re’s latest sigma study reveals that global overall premiums declined 0.8% in real terms in 2011. While non-life premiums expanded 1.9% on solid economic growth in emerging markets and…
IRDA circular: Re-constitution of Committee of Surveyors and Loss Assessors in terms of
The Committee of Surveyors and Loss Assessors constituted vide order Ref. No.IRDA/NL/ORD/Misc.208/09/2011 dated 8th September, 2011, in terms of Regulation 11 of the Insurance Surveyors & Loss Assessors (Licensing, Professional…
ING Insurance International set to exit Indian insurance business
ING Insurance International, the Dutch major, is all set to exit the Indian insurance market.The company holds 26% stake in ING Vysya Life Insurance Company.
Kotak Life Insurance appoints Sunil Sharma as Appointed Actuary
Kotak Mahindra Old Mutual Life Insurance (Kotak Life Insurance)  announced the appointment of Mr. Sunil Sharma as ‘Appointed Actuary ’recently. The appointment is effective from July 1, 2012.