With “profitable growth†replacing “expansion drive†as the buzzword in the sector, the country’s top private life insurers have significantly reduced branches and employees over the last couple of years…
Insurers are aware that the Insurance Information Bureau (IIB) which acts as insurance data repository of the Authority has been engaged in collecting, collating and compiling inter alia motor insurance…
IndiaFirst Life Insurance Company is planning to expand its pilot life insurance scheme for vehicle buyers. The pilot, called ‘Autolife', was launched in association with Varun Motors in Andhra Pradesh.
In rural areas, poor micro-insurance policyholders lag behind in making claims compared with others.
State Bank of Hyderabad has entered into a corporate agency agreement with SBI General Insurance Company to market the latter’s products in its branches.
Chit funds companies are diversifying into financial product distribution like mutual funds and insurance to increase revenues.
According to ,GV Nageswara Rao, M.D and C.E.O, IDBI Federal Life Insurance,“There is an increasing awareness for life insurance plans sold over the internet in India, with almost 10 million…
Death due to a mosquito bite is an accident and is covered under accidental death insurance, a consumer forum has said.
Reliance Life Insurance Company, part of Anil Ambani group, has reported first full-year net profit at Rs 373 crore for the fiscal ending March 31, 2012.
Demand for reinsurance cover in non-peak zones is likely to increase as economic growth sends insured values soaring, Hannover Re’s chairman, Ulrich Wallin, told today’s Insurance Day Summit London.