General insurance unions oppose change in promotion policy
Employees’ unions have opposed the amendments to the promotion scheme of the four public sector insurance companies.
Goa govt; all set to raise health insurance ceiling to Rs 2 lacs
Goa government is all set to raise health insurance cover ceiling from Rs 60,000 to Rs 2 lacs. The state health minister, Laxmikant Parsekar said today, the government will make…
Government may get support from BJP to raise FDI in insurance
Government may get support from BJP on much debated FDI raise in insurance if it reaches out to the opposition. The government is willing to raise FDI raise from existing…
Insurance Australia Group to increase presence in India as part of Asia strategy
Insurance Australia Group is increasing presence in Asia including India in a bid to generate 10 per cent of its business from the region within four years.
IDBI Federal Life launches Suvidha Savings Insurance Plan
Private insurer IDBI Federal Life Insurance today launched 'Suvidha Savings Insurance Plan' that is affordable plan with no medical tests and simple documentation.
National Insurance to pay Rs 2.75L for wrongly rejecting mediclaim
The National Insurance Company Ltd has been directed by a consumer forum here to pay Rs 2.75 lakh to a policy holder for rejecting his claim seeking reimbursement of expenses…
Insurance policy effective as soon as payment made: consumer court to Tata AIG General Insurance
The insurance policy comes into effect as soon as the first premium/instalment is paid, Thane District Consumer Forum has ruled, allowing the claim of a person whose vehicle met with…
ING Insurance International set to exit Indian insurance business
ING Insurance International, the Dutch major, is all set to exit the Indian insurance market.The company holds 26% stake in ING Vysya Life Insurance Company.
Kotak Life Insurance appoints Sunil Sharma as Appointed Actuary
Kotak Mahindra Old Mutual Life Insurance (Kotak Life Insurance)  announced the appointment of Mr. Sunil Sharma as ‘Appointed Actuary ’recently. The appointment is effective from July 1, 2012.
Interview with K G Krishnamoorthy Rao, MD and CEO, Future Generali
Putting in place effective distribution tie-ups for micro insurance products is the need of the hour, feels K G Krishnamoorthy Rao, MD and CEO, Future Generali. He is fairly hopeful…