Year: 2012

SBI Life Insurance Company Ltd has been awarded the ‘Top Indian Public Sector Enterprise’ under insurance sector in the PSU Awards 2012 by Dun & Bradstreet.

Online forums are abuzz with complaints of amounts being deducted from consumers' accounts — without their written consent — towards payment of insurance premiums solicited by telemarketers.

The finance ministry has told the four state-owned general insurance firms to restructure their fire, health and motor businesses to cut losses that run into hundreds of crores.

Munich Re, the world’s largest reinsurance firm with a premium income of nearly $50 billon a year has virtually pulled out of the Indian market, indicating that it will stay…

Insurers could have to pay out as much as 700 million euros ($880 million) as a result of earthquakes that hit northern Italy this month, risk-modelling agency Eqecat said recently.

IRDA in its order dated 24th May 2012 has fined ICICI Prudential Life Insurance Co Ltd and directed it to pay Rs.1.18 crores within 15 days. This is the maximum…

Insurance regulatory and development authority (IRDA) has issued a circular listing standard instructions and guidelines applicable for approval/renewal of agents training institutes.

LIC has purchased shares worth an estimated Rs 20,000 crore, mostly of public sector companies, during the last quarter of 2011-12, but also sold shares of many private sector giants.

Selling more to customers should normally bring you more profits.  Sometimes, the return of goods sold can also bring in some revenue and contribute to profits!

The Pune District Consumer Disputes Redressal Forum (consumer court) has ordered New India Assurance Company Limited to pay more than Rs 75,000 to Sapna Nagrani from Shastri Nagar for refusing…