Bharti’s insurance ventures’ zooms high
The Bharti group's stake valuation has gone up multiple times in both life and general insurance companies they were operational. The group is divesting its stake to AXA group, which…
LIC sets ambitious target for east zone
With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a 15 per cent growth in first premium income and a 10 per…
LIC raises stake in Canara Bank, Bank of Baroda
The Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 per cent through preferential allotment of shares. It has also increased its stake in another…
Benett, Coleman to buy majority stake in Aegon Religare life Insurance
Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare Life Insurance Company Ltd to Bennett Coleman and Company Ltd (BCCL), one of the joint…
LIC : Towering over the rest
The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life Insurance Corporation of India (LIC) is the biggest investor in terms of value, and…
SBI Life Pledges Education to Cancer Affected Children
Taking its Corporate Social Responsibility initiative to newer heights, SBI Life Insurance partners with CanKids..KidsCan to aid them in their noble cause of providing cancer affected children an education, thus…
Deadline of 60 days for- Life insurance payouts
At present the mandate demands that all claims have to be settled within six months, and most insurers stick to this limit but there have been several…
Tata AIA life joins hands with Citibank
Tata AIA Life insurance company has entered into a bancassurance partnership with Citibank to offer its products through the bank channel. Naveen Tahilyani, CEO & Managing Director, Tata AIA…
One out of every five Private life Insurance claims rejected
Insurance Fraud has not been seriously addressed in India Insurers say they are forced to reject - or repudiate, in industry parlance - a lot of claims due to suppression…
LIC lags private insurers in claims settlement
The Insurance Regulatory and Development Authority of India in its annual report 2013-14 has declared that Life Insurance Corporation of India has outshined its private peers in settling death claims…