LIC elevates 2 women to top brass
Life Insurance Corporation (LIC) is continuing with its trend to place female employees in a bigger role. The trend began with the appointment of Usha Sangwan, who was the…
Life insurance sector to grow 12-15% in FY 16
India's life insurance industry is likely to grow by 12% to 15% in the current financial year due to improved market scenario and the governments push to improve insurance…
HDFC Life eyes 15% growth in FYP.
Private insurer HDFC and Standard Life, is looking at a near 15-per cent growth in first year premium this fiscal. The company had reported first year premium collections of…
Exide Life on a recruitment drive for fresh agents
Exide Life Insurance plans to hire about 20,000 agents in the current financial year in order to strengthen its distribution network and grow its business to newer heights. Also,…
SBI Life declares tablet-based digitization service
SBI Life Insurance has introduced 'Connect Life', a tablet-based service to digitize the entire documentation process with the aim to go paperless. It has a built-in analysis calculator that…
Use of social media for product promotions
Life Insurance companies are now eyeing the social media such as Facebook and twitter in order to enable agents for product promotion. Amit Roy, chief distribution officer, Aegon Religare…
Bajaj Allianz Life set to double agency force
Bajaj Allianz Life Insurance Company plans to double its 'active' agency force to about 60,000 agents this fiscal, according to its MD and CEO Amit Agarwal. Currently about 28 per…
LIC soon to operate in Bangladesh
Life Insurance Corporation of India (LIC) has been allowed to form a joint venture in Bangladesh, becoming the second foreign insurer to operate in the country officials said. …
Report of the Committee recommendation for curbing mis-selling and rationalising distribution incentives in financial/Life Insurance products
Background Regulating the financial sector is a tightrope walk in any jurisdiction, but more so in a country like India. On one hand, loose regulations can result in fraud or…
LIC investments of Rs.10K cr under close watch
Life Insurance Corporation investments worth Rs 10,000 crore is under the government's scanner for alleged nexus between top company officials and brokers for making gains at the expense of…