HDFC ERGO launches new health insurance product
HDFC ERGO expanded its health insurance portfolio with the launch of ‘Group Critical Illness Insurance’ policy, which covers the entire family or employees under one umbrella of protection. Unlike a…
Canara HSBC OBC Life targeting 30% growth
Canara HSBC Oriental Bank of Commerce Life Insurance is aiming for 30 % increase in its business this year. The focus is on addition of customers from tier-II and…
LIC buys 38% stake in SBI’s QIP issue
India’s largest insurance company - LIC has acquired shares worth Rs 5,700 crore in State Bank of India’s Rs 15,000 crore qualified institutional placement (QIP). LIC got 77…
Raj Kumar joins LIC-MF as Director
Mr. Raj Kumar joined as the Mutul Fund's whole time director with effect from April 28. He was working as Zonal manager for LIC's central zone. Prior to it, he…
Group health insurance premium to see a rise
Group health insurance premiums may rise as IRDAI investigates disclosure to end subsidisation by lone payers. The increasing cost of medical insurance had obligated companies to surge premiums in…
Rs 1.45 trillion growth in April-December period
The total premium collected at the end of December showed a growth of 12.43% amounting to Rs 1.45 trillion from Rs1.29 trillion in the same period a year…
Crop insurance is on a rise keeping general insurance companies behind
The significance of crop insurance is rising steeply at government-undertaken companies. The change is being facilitated by the Pradhan Mantri Fasal Bima Yojna (PMFBY), which has triggered competition among…
THE LATENT BURGEONING DEATH-KNELL TO THE GENERAL INSURANCE SECTOR
The following is an account of a growing dilemma that in my humble opinion, will inevitably go on to ring the death knell for the well-being of any and all…
68% increase in profits from equity for LIC
Life Insurance Corporation of India has sown as impressive 68% jump in profits which amounts to about Rs. 16,000-crore, from equity sales in the first nine months of…
Reliance General Campaigns for Carefree Life
Reliance General Insurance has released a campaign for home insurance that breaks the traditional way of communicating. In the campaign it urges people to stop locking themselves from the…