SBI Life appoints Atanu Sen as MD and CEO
Atanu Sen has taken over as the Managing Director & Chief Executive Officer of the largest private sector life insurer of the country, SBI Life Insurance. Mr. Sen succeeds Mr.…
Life Insurance corporation (LIC) launches new micro insurance policy ‘Jeevan Deep T-810’
The South Central Zone of the Life Insurance Corporation (LIC) of India, recently launched its 3rd micro-insurance named 'Jeevan Deep T-810'. Through this product, the largest insurer is eyeing to…
Life Insurance Corporation (LIC) buys $2-bn worth shares in Indian cos
The country's largest insurer LIC has purchased shares worth over USD 2 billion (about Rs 11,000 crore) in Indian companies - mostly in sectors like utilities, energy and software -…
L&T General Insurance incurs Rs 106-cr loss in FY’12
L&T General Insurance Company (LTGI) has incurred a loss of Rs 106 crore in its first full financial year of operations in 2011-12.
Nippon Life Insurance to bring post-sales service to Indian insurance market
Japan’s Nippon Life has said it plans to bring the practice of post-sales services to the Indian insurance industry through its partnership with Reliance Life in the country.
Soon, micro-insurance may be available on kirana, chemist shops
Concerned over the low penetration of insurance, the insurance watch dog, Insurance Regulatory and Development Authority has proposed to sell micro-insurance products through chemists, kirana and petrol pumps to increase…
Insurance claim can be granted without service, income proof: Tribunal
The Thane district Motor Accident Claims Tribunal (TDMACT) has held that a claim can be granted even if the proof of service and income is not presented in the court…
Insurance Co can’t go back on policy once its issued
Once an insurance company has issued a policy, it cannot later reject the insured person's claim on the ground that cover was given in violation of terms and conditions, the…
Maximum complaints from Punjab: Insurance Ombudsman
The office of the Insurance Ombudsman in Chandigarh has received the maximum number of complaints against insurance companies from Punjab for the year 2011-12.
Beware of fraud people posing as insurance agents
Few days ago, the New Delhi Police have arrested three teenage boys who were posing as LIC agents and siphoning off money from people.