After New York Life, HSBC may exit the Life Insurance business in India
HSBC which holds 26% in Canara HSBC OBC Life Insurance Company is known to be in talks of exiting the business of life insurance in India. This is the first ever…
Highest NAV guaranteed ULP plans are now banned
Unit-linked insurance plans which were offering the guarantee of returns basis highest NAV of the term on maturity have been banned by the Insurance Regulatory and Development Authority (IRDA).
LPG cylinders cover inbuilt Insurance cover for consumers
LPG connection from any Public Sector Oil Company eg. Indian Oil, HP, Bharat or any such are having the system of inbuilt Insurance by the supplier which is neither properly…
Meghalaya targets universal health insurance
North Eastern state of Meghalaya has undertaken an ambitious plan to bring all its three million population under a health insurance plan. The state has roped in International Finance Corporation…
Aviva Life Insurance FY’12 net up over two-fold
Aviva Life Insurance reported over two-fold growth in net profit at Rs 74 crore for the year ended March, 2012.The private sector insurer had posted a net profit of Rs…
National Insurance Company to pay Rs 1.5 L for theft of vehicle
The National Insurance Co Ltd (NICL) has been directed by a consumer forum here to pay a policy holder insured amount of Rs 1.3 lakh for a stolen car along…
Insurance Bill to enable Lloyd’s entry in India
The revised Insurance Laws (Amendments) Bill proposes to retain foreign direct investment (FDI) limit in insurance sector at 26% from 49% proposed earlier. However, the Bill has provision of procedural…
China, India and Central Asia are possible frontier markets for takaful to expand in Asia
China, India and Central Asia are possible frontier markets for takaful to expand in Asia, while the established markets of Malaysia and Indonesia have yet to be fully penetrated, according…
Agriculture Insurance company announces vacancy for recruitment of Administrative Officers 2012
Agriculture Insurance Company of India Limited has announced vacancy for recruitment of Administrative Officers Exam 2012. The last date for application is 23.5.2012.
Managed Health Care Insurance System
Health Insurance is a method of risk transfer by which an insurer assumes responsibility for costs that arise due to covered illness, disease and accidents. This ensures that the client,…