To grow, Life Insurers need to focus on 3 areas
Life insurance is inherently a business of trust between the insurer and the insured. Despite an optimistic start in the early part of the century, the industry…
Uttarakhand floods: Life insurance firms looking at Rs. 1,000-cr tab
The rising death toll in Uttarakhand could lead to life insurance claims of about R1,000 crore, though claims are yet to be made, say insurance companies, which…
LIC should protect its shareholding and ensure highest standards of functioning: Rajiv Takru
The government is nudging India's largest local investor, the state-owned Life Insurance Corporation, to exercise greater control, including seeking more board seats if needed, in some of…
Government’s disinvestment lifeline LIC sees opportunity in market rout
Insurance behemoth Life Insurance Corporation (LIC) has stepped up the purchase of equities at a time when foreign institutional investors have been hitting the sell button. The…
Tata AIG General Insurance, Credit Sudhaar in tie-up for service offerings
General insurer Tata AIG and credit health improvement company Credit Sudhaar has entered into a pact for providing 'Titanium' services, which will offer insurance plans to cover…
S K Roy is chairman of Life Insurance Corporation of India
The government recently appointed S K Roy as chairman of Life Insurance Corporation of India. The Appointments Committee of the Cabinet (ACC) has already cleared his name.…
Life Insurance Corporation starts revamp, sets up two groups to look into issues
State-run Life Insurance Corporation has set up two groups to look into a host of issues, including investment strategy, marketing and review of its international operations and…
Shriram Life Insurance eyes Rs 500 cr from group insurance biz
Private sector insurance firm Shriram Life is eyeing Rs 500-crore business from group insurance in the next three years, a top company executive said.
300 Life Insurance Corporation mini offices to come up by month-end
The Life Insurance Corporation (LIC) of India will open 300 mini offices across the country by month-end, said Thomas Mathew T, the Chairman-in-charge, LIC, adding that the…
Insurance firms get serious on fake agents
Dealing with fraudulent agents has been one of the big issues for prospective and existing customers of insurance companies. And, insurance companies say they're active on the matter.