LIC Housing Finance seeks for bank license
LIC Housing Finance, the home-loan arm of LIC, has decided to apply for a banking licence. LIC HFL's board has cleared a proposal but other modalities like…
S. B. Mainak appointed LIC MD
With plans to invest Rs 2.5 lakh crore in bonds and equities, LIC gets S.B. Mainak as its managing director.
LIC purchase 43.8 lakh shares of Infosys
LIC has bought 43.8 lakh shares of Infosys during April -June quarter resulting in its holding jump to 6.72 percent from 5.96%.
IRDA may scrap proposal of bank tie up with insurance companies
With Financial Services Secretary Rajiv Takru communicating to the IRDA that the proposal to have a zone-wise tie-up with banks will be very messy, the insurance regulator…
IRDA amends guidelines to stop switching from one plan to another of the same insurer
The same insurer cannot switch from one plan to another, as per the amended guidelines by the IRDA on standardisation in health insurance.
New norms for traditional insurance products from October: IRDA
The new norms for traditional insurance products will come into force from October 1 this year. However, the norms would not impact the industry, said T S Vijayan, Chairman of…
Ahmedabad Rath Yatra insured Rs 1.5 crore
The Annual Jagannath Rath Yatra at Ahmedabad has been insured Rs 1.5 crore this year up from Rs 1 crore last year.
TCS launches insurance app for smartphones
Tata Consultancy Services recently launched TCS Insurance QuickPass – an application that allows insured drivers to maintain a true “digital wallet” that includes a digital version of…
CCI rejects abuse of dominance by United India Insurance
The Competition Commission has ruled out allegations of abuse of dominance against United India Insurance Co and its third party administrator E-Meditak in the market for medical…
Accident victim’s kin gets over 32 lakh compensation in Delhi
The family of a man, who died in a road accident involving a rashly driven truck, have been awarded a compensation of over Rs 32 lakh by…