Insurers in Japan expand foreign bond portfolio to enhance yield
Japanese life insurers are investing in the sovereign bonds of emerging countries such a Roland and Mexico, as ultra low interest rate in Japan and other developed markets effects…
Insurance deal: Ace to buy Chubb for $28.3 billion
Swiss insurer Ace Ltd, with operations in more than 50 nations, has agreed to purchase US based property and casualty insurer Chubb Corp, for dollar 28.3 billion in cash…
Cancer insurance acquires a key position in the health market
“Cancer insurance is going to be an important segment for the healthcare insurance market and a niche insurance product because of rising awareness of cancer risks and the increasing…
IRDAI moots radical changes in health insurance
The regulator is planning massive changes in health insurance, which include more incentive for healthy policy holders and a level playing field for life and non-life insurers, among other.…
LIC eyes Rs.31,000 cr first premium
Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as first year premiums from insurance product sales in 2015-16. Not only this it is…
Life Insurance Council takes into custody PMJJBY viability
Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) attractive for its member companies apprehending its viability under the present pricing policy.…
LIC surplus jumps by 10.33% in FY 15
Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up 10.33 per cent over the previous year. The surplus in policy holders' accounts…
GIC Re more interested to acquire license than Lloyd’s membership
State owned reinsurer General Insurance Corporation Re has abandoned its expedition to buy a Lloyd's of London syndicate member and instead eyeing to apply for membership of the syndicate.…
Most Indians without home insurance: Bajaj Allianz General
A survey by Bajaj Allianz General Insurance said although 75 per cent of respondents were aware that home insurance was essential, only 30 per cent had home insurance for either…
LIC gears up with the recruitment of apprentice officers
Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice Development Officers in its various zonal offices. The total number of vacancies, including those…