insurance news india

Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today announced a record profit growth of 42 per cent. Profit after tax for FY 2010-11 stood at Rs. 101…

The IRDA had conducted an audit of the Third Party Motor Insurance Pool and has established that the pool reserves have to be significantly augmented in order to meet the…

Tata AIG General Insurance Company Ltd’s (Tata AIG) unique initiative “Faster Claims through efficient use of mobile PDAs” was recently recognized for at the Celent Model Insurer Awards 2011 in…

Section 35 of the Insurance Act, 1938 lays down the framework for amalgamation and transfer of life insurance companies. However, a similar provision is not available in case of non-life…

Shri G.Srinivasan,CMD,United India Insurance Company received “SKOCH Financial Inclusion Award 2011” from Shri K C Chakrabarty, Deputy Governor, Reserve Bank of India.

The Institute Of Cost And Works Accountants Of India (ICWAI) presented the Icon Of The Year award to Shri G Srinivasan, CMD, United India Insurance for his

United India Insurance Company has taken various initiatives and the latest is “ADOPTION OF VILLAGE FOR FINANCIAL INCLUSION”.

INTRODUCTIONInsurers in India are increasingly using outsourcing, as a means of both reducing cost and accessing expertise, not available internally and achieving strategic aims. 'Outsourcing' may be defined as “Insurer’s…

IRDA CIRCULAR: Authority vide Circular No. IRDA/F&A/CIR/49/Mar-09 dated March 24, 2009 had relaxed the requirement of Section 64(1)(ii)(b) of the Act for computation of Reserve for Unexpired Risk for Health…