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A consumer redressal forum has, pulled up IRDA, asking the regulator and an insurance firm to pay compensation to a senior citizen for not taking appropriate action on a complaint…

German insurer Allianz Group has entered into a partnership with construction giant Shapoorji Pallonji Group to set up a $500-million real estate fund - SPREF II - which will invest…

Spurious calls in the name of regulatory organizations and government or quasi government authorities has been a problem which has been in prevalence for quite some time now. Recently some…

The penetration rate in general insurance segment has been stagnant around 0.7-0.8 per cent for several years, and has finally moved up to 1.04 per cent in March 2017, based…

LIC has acquired an over 4.5 per cent stake in public sector lender Dena Bank in preferential allotment of shares over a period of nearly three months to mid-September. LIC,…

Air India has saved close to $4 million (Rs.26 crore) in the insurance premium it has to pay for getting its fleet of over 100 aircraft insured for 2017-18, a…

The Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 Central Government vide gazette notification dated 1st June 2017 notified the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules,…

As child-centric disorders like autism get diagnosed more often, insurance companies are looking to provide standalone products or add-ons to existing ones. Currently, not many insurers have children-specific offerings, but…

The IPO of GIC Re was subscribed 1.37 times on Friday, the last day of the share sale. The portion of shares reserved for institutional investors in the GIC Re…

LIC Housing Finance (LICHF) has filed an application at the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against DB Realty. The developer, in a notice to the stock…