Munich Re achieved a result of €392m in 2017 – thus attaining the adjusted “small profit” forecast it had projected for the year in the wake of the high losses…
Life insurance sales in India grew 14% year-on-year to Rs 4.18 lakh crore from Rs 3.66 lakh crore, according to latest data from IRDAI. Non-life insurance saw whopping 31% growth…
Chief Minister K Chandrasekhar Rao while addressing the regional conference of Farmers’ Coordination Committees in Karimnagar had announced a health and life insurance scheme worth Rs 5 lakh for the…
Life Insurance Corporation of India (LIC), one of the largest institutional investor in PNB with 13.93% stake will continue to hold on to its investment. LIC had recently increased its…
Swiss Re's Global Business Solutions unit in India has signed a memorandum of understanding (MoU) with National Insurance Academy (NIA), Pune, India’s premier institute of insurance education to collaborate as…
Complaint No. I.O.(HYD) G -11.38.0098 / 2017-18 Mrs. K. Rama Poorna VS. Royal Sundaram Alliance Ins. Company Ltd. Award No. I.O. (HYD)/A/GI/0032/ 2017-18 Insurance Ombudsman Date of award : 11.08.2017 GROUP…
GUWAHATI OMBUDSMAN CENTRE Complaint No. 11-005-097/11-12 Mr. Madan Gopal Swami - Vs - The Oriental Insurance Co. Ltd. Insurance Ombudsman Date of award - 11.09.2012 Complainant: The Complainant stated that he…
New India Assurance Company reported a profit after tax (PAT) of Rs 617 crore for quarter ended December 31, 2017 against a loss of Rs 24 crore in the same…
As per recent Budget, the Naitonal Health Insurance Scheme will cover over 10 crore vulnerable families to provide a cover of upto Rs. 5 lakh per family for secondary and…
The insurance sector has seen some consolidation and the action is expected to continue going forward, Tapan Singhel, CEO of Bajaj Allianz General Insurance Company, said. ICICI Lombard was the…