Health insurance awaits recognition from senior citizens
As per recent reports, nearly 7.5% of India’s population is presently aged 60 years and above. Less than 1% of these would be covered under any kind of health insurance…
SBI Life’s Smart Income Protect: Meant for assured return-seekers
Private life insurer SBI Life has recently announced the launch of Smart Income Protect, a traditional plan that offers guaranteed returns.
Reliance Life tops customer complaint list for FY’12: Namo Narain Meena
Reliance Life topped the chart of private life insurance companies against which customers have filed largest number of complaints in 2011-12, the government said recently.
Life insurance penetration in India higher than global average
The government recently said that life insurance penetration in India was higher than the world average in 2010.
Bajaj Allianz renews tie-up with Shamrao Vithal Co-operative Bank
Shamrao Vithal Co-operative Bank has renewed its tie up with Bajaj Allianz Life Insurance Company, one of India’s leading private life insurers, for the second consecutive term, further strengthening the…
Swiss Re to invest $500 mn in infrastructure debt
Swiss Re recently announced that it will engage in long-term financing of infrastructure businesses and assets. For this purpose it has committed an initial $500 million for investments in senior…
ICICI Lombard, Meghalaya govt sign agreement for health insurance
ICICI Lombard General Insurance has signed an agreement with Meghalaya government to start a comprehensive health insurance scheme in the state.
IRDA not keen to increase equity investment cap for private insurers
The Insurance Regulatory and Development Authority (IRDA) is not keen to increase the equity investment cap for private insurers. At present, the equity investment cap for private insurers is 10%,…
Premium collected by private life insurers declines to Rs. 324.23 bn in
Premium collected by the life insurance industry decelerates by 2.33% during the Period Ending 30th September, 2012 over the Previous Period Ending 30th September, 2011.
Max Life Insurance launches igenius Young Authors Hunt
Max Life Insurance, one of India’s leading life insurance companies, took its igenius programme to new heights with the announcement of igenius Young Authors’ Hunt. This new initiative aims to…