insurance news

DLF, the Indian arm of the life insurance company DLF Pramerica is looking to exit the joint venture by selling its stake. Reports are that DLF is in talks to sell…

HSBC which holds 26% in Canara HSBC OBC Life Insurance Company is known to be in talks of exiting the business of life insurance in India. This is the first ever…

Unit-linked insurance plans which were offering the guarantee of returns basis highest NAV of the term on maturity have been banned by the Insurance Regulatory and Development Authority (IRDA).

LPG connection from any Public Sector Oil Company eg. Indian Oil, HP, Bharat or any such are having the system of inbuilt Insurance by the supplier which is neither properly…

Aviva Life Insurance reported over two-fold growth in net profit at Rs 74 crore for the year ended March, 2012.The private sector insurer had posted a net profit of Rs…

The revised Insurance Laws (Amendments) Bill proposes to retain foreign direct investment (FDI) limit in insurance sector at 26% from 49% proposed earlier. However, the Bill has provision of procedural…

Swiss Re reports very strong first-quarter net income of USD 1.1 billion in comparison to a loss of  USD -665 million in the year-earlier period.

Tata AIG General Insurance Company recently announced the launch of their first domestic lifetime renewable reimbursement health insurance policy: MediPrime.

The Orissa Cricket Association (OCA) has insured IPL matches to be played at Barabati Stadium in Cuttack on April 22 and May 1, 2012 for Rs 20 crore.

IFFCO TOKIO General Insurance has infused an additional capital of Rs 125 crore to fund its expansion plans. The fund infusion has come from Indian and foreign promoters in respective…