IRDA finds massive problems’ in SKS Micro’s insurance operations
Troubles continue to pile up for SKS Microfinance Ltd. The insurance regulator has found irregularities in the micro-finance institution's handling of insurance of its clients.
Oscar-laureate A. R. Rahman’s live concert insured for Rs 4 crore
World renowned musician Oscar-laureate A. R. Rahman's live concert got insured for Rs 4 crore by one of Indian's leading private sector insurer Future Generali India Insurance Company. The concert…
Max India net loss goes down to Rs 1.39 crore in Qtr 4
Diversified business group Max India has reported to reduce net loss to Rs 1.39 crore for the fourth quarter ended on 31st March' 12 from Rs 13.47 crore in the…
AEGON Religare Life needs Rs 100 crore fresh capital infusion
Leading insurer AEGON Religare Life Insurance will need approximately Rs100 crore fresh capital infusion this fiscal year, including Rs 25 crore within the next few months, to meet the regulatory…
MetLife Insurance eyes emerging markets for growth
MetLife Inc, the largest U.S. life insurer, said it plans to refocus its U.S. business and will seek to grow in emerging markets as part of a strategic plan that…
Two held for selling fake insurance
The Central Crime Branch sleuths have arrested two persons on charges of cheating public by selling fake insurance policies.
Health insurance scheme in offing for Central government employees
With special focus on pensioners and serving Central government employees, a health insurance scheme is in the offing.
Ten years on, private life insurers need lifejackets
India’s private sector life insurance players remain in the red, even 10 years after breaking ground in the domestic insurance business, with sustained profitability eluding most companies.
Swiss Re may buy 26% in L&T’s proposed health insurance JV
Engineering major Larsen & Toubro (L&T) is likely to tie up with Zurich-headquartered Swiss Re, a global reinsurer, for a joint venture in health insurance.
General insurance biz to break even this year: Reliance Cap
Despite the difficult market conditions, Reliance Capital posted a strong set of number for the fourth quarter of FY12. The company achieved a milestone in terms of turnover last year,…