Deutsche Bank and Friendsurance expect clients will increasingly turn to digital brokers for their insurance needs in the coming years. The companies noted that premiums for property and casualty insurance…
IndiaFirst Life Insurance Company, to drive growth, will focus on bancassurance, microinsurance and protection plans. RM Vishakha, Managing Director and Chief Executive Officer, IndiaFirst Life Insurance, said: “We intend to…
The insurance regulator has warned life companies against overdependence on banks for selling policies. Banks are now the dominant mode for distributing policies of private insurers, and the share of…
I. Introduction Savings play a pivotal role in the capital formation of any country. The gross domestic savings (GDS) of a country mainly account from household, private and public sectors.…
Introduction: Liberalizations and deregulation of the financial sector, the greater use of financial engineering techniques and models, significant advances in information technology and consumer demands have all resulted in greater…
The country's biggest banking network SBI along with its insurer is planning to expand bancasurance channel by 50% alongside raising the field force by about 10% to push business…
Life Insurance Corporation (LIC) - India's top life insurer has emerged as the market leader in Bahrain, part of the Gulf Cooperation Council (GCC), despite tough competition from close…
The Indian life insurance industry, which was liberalized in 1999, allowing private sector players in the business, has grown at a phenomenal pace since its liberalization. The sector experienced a…
Finance Minister P Chidambaram said banks would be allowed to act as insurance brokers to increase insurance penetration in the country despite concerns expressed recently by the banking regulator against…
Leading private sector insurer Reliance Life Insurance Company (RLIC) has recorded a four- fold jump in third quarter net profit to Rs 40 crore on the back of improved product…