LIC Housing plans reduction in interest rates
With the fear of fall in economy and dampening of growth and employment LIC Housing Finance is mulling reduction of interest rates in the coming quarter. The…
Insurance companies can enter with agreement with repositories: IRDA
IRDA recently said that insurance companies could enter into service – level agreement with one or more insurance repositories that have been granted certificate of registration.
Uttarakhand tragedy: disaster preparedness at major pilgrimage sites
Thousands lost their lives in the recent Uttarakhand floods. Estimates vary — a little over a thousand says the government, 11,000 says UN. Among those who died,…
General insurers to monitor accidents on highways
Armed with the startling revelation that road accidents claim one life every four minutes in India , the general insurance companies are planning to launch a new…
Term insurance plans have highest lapsation rate: Survey
According to a recent report titled “ Life Insurance Thematic: Let’s not give up on life yet” by Espirito Santo Securities, term insurance policy in India have the…
SBI Life Insurance wins Global Performance Excellence Award, 2013
The only organization from India to win the World Class Award in large service category, SBI Life has achieved a unique distinction by featuring amongst the nine…
INAUGUARATION OF NEW PREMISES OF SBI CPPC, KOLKATA
Recently the new premises of Centralised Pension Processing Centre (CPPC), Kolkata has been inaugurated by Chief General Manager, Kolkata circle Shri Sunil Srivastava at 7th Floor, Block…
State Bank of India extended donations to Social Welfare Organisations
As a part of Corporate Social Responsibilities, State Bank of India has extended financial assistance to the tune of Rs.48 lac to 9 different social welfare organisations.
LIC could shell out record Rs 90,000 cr benefits to policyholders this fiscal
The Life Insurance Corporation of India may have to pay Rs 90,000 crore in defined maturity benefits and survival benefits, up 20% from an approximate Rs 75,000…
Re-filing existing insurance products will not impact growth: IRDA
The IRDA chairman T.S. Vijayan said recently that the regulatory requirement of the life insurance industry to re-file all existing products will not impact its growth this…