LIC places $1 billion bid for shares in New India Assurance IPO
The initial public offering (IPO) of state-owned New India Assurance Co. Ltd (NIA) was fully subscribed on the back of a $1 billion (approximately Rs6,500 crore) bid by Life Insurance…
A Comparative Study of LIC of India and ICICI Prudential Life Insurance Company Ltd.: With Special Reference to Life Micro Insurance
Abstract The present life insurance market is complex and competitive. It entails twenty four companies including one public life insurer i.e. LIC of India and ICICI Prudential Life Insurance Co.…
HDFC Standard Life Insurance crosses Rs 400 level, rallies 44% in 3 sessions
HDFC Standard Life Insurance Company shares rallied for third consecutive session, rising as much as 44 percent from its issue price of Rs 290 per share since the listing day.The…
SBI General launches Simple Home Insurance Policy
SBI General Insurance Company Ltd, one of the leading general insurance companies in India, has launched its Simple Home Insurance Policy - a package product providing coverage for a term…
Kotak Life has no plan to go public now
Kotak Life Insurance, the seventh largest insurer in the country in terms of new business, said it will not consider public listing at least for the next four-to-six quarters even…
PNB MetLife to Sell Policies to Baharain Bank Customers
Private sector life insurer PNB MetLife has inked a corporate agency tie-up with Bank of Bahrain and Kuwait (BBK) to sell retail and group insurance products of the company to…
What Consumers Need to Know Before Purchasing a Mediclaim Policy ?
In the world of high scale uncertainties, health insurance is one of the basic needs of the contemporary world that a smart and erudite person can never skip of albeit…
Motor Insurance: HC Directs IRDAI to Enhance Accident PA Cover to Rs.15 Lakh
The Madras High Court (MHC) has directed IRDAI to enhance compulsory personal accident (PA) cover from Rs1 lakh to not less than Rs15 lakh. It will help vehicle-owners paying premium…
Health insurance scheme ailing as no. of states covered falls to 15
In last year's budget, Union finance minister Arun Jaitley promised a health cover of Rs 1 lakh per poor family under the National Health Protection Scheme, which was meant to…
LIC books Rs. 13, 500 crore trading profit in April-September period
Life Insurance Corp. of India (LIC), the country’s largest institutional investor, has booked a trading profit of at least Rs13,500 crore from the sale of equity holdings in the first…