Canara bank inks memorandum with LIC
Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the Pradhan Mantri Jeevan Jyoti Bima Yojana Insurance cover to all its eligible customers. Canara…
Insurance behemoth’s exposure in equity portfolios on rise
The financial sector has a pride of place in the equity portfolio of government-owned Life Insurance Corporation of India (LIC), with 53 of its 309 large picks from the sector. …
IRDAI directs health cover discounts for claimants
The regulator IRDAI in an attempt to provide the best and cost effective services for the claimants has directed the insurers as well as the TPA's to pass on discounts,…
Correct anomalies in product pricing: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) has directed the insurers to correct anomalies in product pricing after careful analysis of the underwriting practices and make things easier…
Psychiatric test for pilots likely to enhance Aviation insurance
The cost of insurance for aviation companies may rise if the Directorate General of Civil Aviation goes ahead with its plans to make it mandatory for pilots to undergo psychiatric…
June 1 marks the start of a new service tax rate
The new service tax rate of 14% will come into effect from June 1, top government sources said, in a move that will make eating out in restaurants, insurance and…
Foreign firms show interest for nuclear cover
With the Indian nuclear insurance pool falling short by Rs.600 crore, some foreign companies have shown an interest in being a part of the initiative. "We have pursued some overseas…
Life Insurance Council pushes regulator for 50% concession in re-insurance rate
Life Insurance Council has urged the regulator for 50% concession in re-insurance rate on Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), on account that its members face losses as…
‘Care’ – Health Insurance Policy from Religare Health Insurance
Religare Health Insurance plan provides a comprehensive coverage, speedy claim settlements and much more and you can be rest assured and free from worry 'hamesha'. 'Care' - Health…
Education Plan from Reliance Life Insurance
Reliance Education Plan is a non-linked, non-participating, specialist child insurance plan that provides assured payouts for financing a child's education and securing their future. The plan helps parents to save…