LIC pumps in Rs 2,317 cr in four PSU banks
Life Insurance Corporation (LIC) has pumped in Rs 2,137 crore in four public sector banks through the preference share route. Life insurance monolith LIC, according to separate filings in BSE,…
Insurance Premium to rise from April 2012
The budget has made insurance products of all types costlier. Expect premiums in all insurance products - Unit linked insurance plans(ULIPs), traditional endowment and term policies to get more expensive.
IPO-bound life insurers can’t count on high value as lapsed policies bring in profits
Life insurers headed for an initial public offering may have to lower their valuation expectations as investors could balk at their earnings that are accruing more from lapsed policies than…
IndiaFirst Life Insurance garners over Rs. 1000 crore premium in FY 2011-12
IndiaFirst Life Insurance, a joint venture between two of India's largest public sector banks - Bank of Baroda and Andhra Bank along with UK's leading risk, wealth and investment company…
Premium Rates for Motor Third Party Insurance Liability only cover – 2012-13
IRDA announces rise in the Motor Insurance Third Party Premium in financial year 2012-13.............
Dismantling of Indian Motor Third Party Insurance Pool [IMTPIP], Loss Reserve, Solvency and Accounting issues
IRDA has in terms of its Order IRDA/NL/ORD/MPL/277/12/2011 dated 23.12.2011 and IRDA/NL/ORD/MPL/003/01/2012 dated 3rd January, 2012 directed dismantling of the existing IMTPIP with effect from March 31, 2012 and has…
Methodology for Transfer of Risks amongst Members of Indian Motor Third Party Declined Risk Insurance Pool
Methodology for tranfer of risks under Indian Motor Third Party Declined Risk Insurance Pool .....
HDFC Life renews contract with Rajasthan Royals for IPL
Private insurer HDFC Life has said that it has renewed its contract with the Indian Premier League team Rajasthan Royals as an associate sponsor for the fifth edition of the…
State forum directs insurance firm to refund excess premium
For S Siddharthan from Tuticorin district, a life insurance policy payable over 25 years ended up sharpening his math skills. After his policy lapsed in April 2009 without any notice…
Reinsurance rates up, GIC Re reduces exposure
Indian companies will have to pay more for renewing their insurance policies as reinsurance companies have raised premium rates by up to 15% after burning their fingers in record number…