LIC increases stake in Auto industry
Life Insurance Corporation increased its stake in all the three listed automobile companies, Maruti Suzuki, Tata Motors and Mahindra & Mahindra. The country's largest institutional investor also raised its stake…
LIC’s Gulf arm tops overseas chart
LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that manages the GCC markets becoming the best among its eight international subsidiaries in…
Salient features of Bajaj Allianz Car Insurance Policy
Car insurance policy is very important to keep your luxurious asset safe and sound. You do not have to fret at the time of contorted situations and circumstances. One can…
IRDAI gives approval to 23 cross-border reinsurers
The Insurance Regulatory and Development Authority of India has granted special approval to 23 Cross Border Reinsurers (CBR) for the year 2016-17. This will allow Indian insurers to make reinsurance…
Analytics must for expanding reach of insurance: IRDAI
Use of data analytics will improve product design and distribution which will expand the reach of insurance, according to T S Vijayan, Chairman, IRDAI. Proper collection and deployment of…
Best pension plans in India-How to choose them?
Retirement planning is not only important for your security but the comfortable sunset years. For all of us, retirement planning is the primary goal after our kids’ education and marriage goals. All…
IRDAI may allow insurers to invest in banks’ AT-1 bonds
The additional tier-1 (AT-1) bond market, which has been witnessing subdued demand, is likely to see some activity with the possibility of the Insurance Regulatory Development Authority of India allowing…
IRDAI gives a nod to 16 FDI proposals worth Rs 14,592 cr
IRDAI has approved as many as 16 proposals amounting to Rs 14,591.9 crore as foreign investment. "Post notification of the Insurance Laws (Amendment) Act, 2015, IRDAI has approved 16 proposals…
United India gets Rs. 45-crore claim from FICCI for gutted Delhi building
United India Insurance has received a claim from the Federation of Indian Chambers of Commerce and Industry (FICCI) for the damage caused by a massive fire to its building in…
National Insurance and New India Assurance keen on strategic sale
Finance minister Arun Jaitley may have cleared the way for public listing of state-owned general insurers, but National Insurance and New India Assurance may first go for strategic stake sale…