In one of the biggest penalty levied by IRDA for violation of IRDA regulations, IRDA has imposed a fine of Rs.3.10 crores on Bajaj Allianz Life Insurance Company. The Insurance…
The central Minister of State for Finance Namo Narain Meena recently said life and non-life cover in the cases of disaster should be clearly spelt out. The minister stressed the…
At a time when India is desperately trying to woo foreign investors in various sectors to boost its economic growth, Warren Buffett's prime investment vehicle Berkshire Hathaway Inc has decided…
The insurance industry which is having troubles presently with natural disasters is likely to see some of its current troubles dissipate with the coming of higher premiums…
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 organizations from six…
HDFC Life recently launched two traditional pension plans - Personal Pension Plus, a participating plan - and Guaranteed 8Pension Plan - a non-participating plan. The new pension products are suitable…
Reliance General Insurance Company has decided to focus more on health insurance as it believes that profit margins will be higher than motor insurance. The company has already announced a…
Grappled with charges of poor service, delays and disputes with customers, a joint venture third party administrator (TPA) company, made up of four public sector general insurance companies and the…
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 crore in FY13…
The LIC is all set to invest nearly Rs 2.5 lakh crore in both equity and bond this year, inspite of the volatile stock markets. "We made an aggregate investment…