HDFC ERGO General Insurance name change gets IRDAI approval
IRDAI has agreed to change of name of HDFC ERGO General Insurance Co Ltd following the merger of HDFC ERGO General Insurance Company Ltd with HDFC General Insurance Ltd. HDFC…
Government ask manufacturers to maintain supply of knee implants
The government recently made it mandatory for knee implant manufacturers and importers to maintain production and supply of knee implants by invoking an emergency clause under the drug price control…
HDFC Life, Apollo Munich teams up for dual plan
HDFC Life Insurance and Apollo Munich Health have come together to launch 'Click2Protect Health plan', which provides both life and health cover under a single plan. This plan combines the…
Reliance General gears up for IPO
Reliance General Insurance Company (RGIC) - is going publicsoon. The company filed draft papers with the Securities and Exchange Board of India for an initial public offer. The offer comprising…
Star Health Insurance starts stake sale plan with $1bn price tag
Star Health & Allied Insurance, India’s first stand-alone health insurance company, has formally started off a sale process with a price tag of $900 million to $1 billion. Kotak Mahindra…
HDFC Life receives Sebi`s nod for IPO
HDFC Life Insurance Company has received approval of SEBI to go ahead to raise an estimated Rs. 7,500 crore through an initial public offering. HDFC Life had filed draft papers…
GIC Re share issue is a shot in the dark for investors, but a good one
Anyone betting on India's growing insurance market would be a fool not to go a step ahead and bet on the reinsurance pie as well. That and the promise of…
Reliance Capital to set up standalone health insurance firm
Reliance Capital's standalone health insurance company is expected to be launched early next year, said Anmol Ambani, Executive Director. "Traditionally, heath insurance was part of our general insurance set-up. But…
Changes in Policy Wording will Lead to Simpler Products
Commercial Insurance cover will become more broad-based and simpler, due to the proposed changes in the policy wordings. The General Insurance Council, a representative body of general insurers, health insurers…
WHOSE COST IS IT ANYWAY ?
The non-life insurance industry evolved into tariff free regime since 2007 exposing its players to intense market competition. According to Insurance Regulatory and Development Authority (IRDA), detariffing would compel the…