IRDA suggests Life Insurance Council to prepare single insurance product
IRDA has asked the Life Insurance Council to design a single insurance product that will cover life, non-life and health.
IRDA chairman underlines that nobody should be refused an insurance but admits enforcement may be lacking
J Hari Narayan, chairman, IRDA (Insurance Regulatory and Development Authority), said no party should be refused an insurance policy and disability should not be a ground for rejecting insurance.
IFFCO-Tokio General Insurance appoints Yogesh Lohiya as the new Managing Director and CEO
IFFCO-Tokio General Insurance Company on 15th of May announced the appointment of Mr. Yogesh Lohiya as the new Managing Director and Chief Executive Officer (CEO). He will take over the…
SBI Life Insurance registers a record profit of Rs 556 crore in FY’ 12
Private sector insurer, SBI Life Insurance has registered a record profit of Rs 556 crore during the fiscal year 2011-12, an increase of 52% over the last fiscal year. For…
Third-party motor pool needed Rs 65 billion: CRISIL
According to the report of a leading credit rating and information agency, CRISIL, insurers may have to provide additional Rs 6,500 crore in the third-party (TP) motor pool to comply…
IRDA puts approval of pension plans on hold
The Insurance Regulatory and Development Authority (IRDA) has put approval of pension products on hold as some fresh changes are to be made.
Insurers and banks should make action plan for turnaround of their loss making branches, Govt. advises
Government of India has advised the Public Sector Insurers and Public Sector Banks (PSBs) to develop an action plan for turnaround of their loss making branches.
Lloyd’s of London to promote its business growth in India
Lloyd's of London, Britain's 325 year-old insurance and reinsurance market has revealed its plan to promote business growth in emerging markets like India, China & Brazil.
Future Generali India Insurance grows 53%
Future Generali India Insurance Company Ltd, the general insurance joint venture between Future Group of India and Generali of Italy, has registered a 53pc growth of its gross written premium–significantly…
DLF in talks for selling stake in DLF Pramerica
DLF, the Indian arm of the life insurance company DLF Pramerica is looking to exit the joint venture by selling its stake. Reports are that DLF is in talks to sell…