HSBC India puts a stop on the sales of mutual funds and insurance
In a sudden move, HSBC Bank has passed an order to stop selling Insurance and Mutual Fund products in India basis a report submitted by the London Headquarters on mis-selling.…
How about a top up health insurance?
With healthcare costs in India increasing at an exorbitant rate every year, it becomes mandatory to have a health insurance policy. However, most people usually take a health cover of…
Max Life Insurance announces maiden interim dividend of 5.1%
Private insurer Max Life Insurance recently announced its maiden interim dividend of 5.1 per cent for its shareholders.
Reliance Capital group begins managing Nippon Life funds
Taking forward its partnership with Nippon Life, Reliance Capital Group has begun managing the funds of Japanese financial services giant for investments in India.
Mistakes can lead to claim rejections
The finance ministry’s proposal that insurers won’t be able to question, and as a result, reject claims on the grounds of mis-statement or non-disclosure of facts after three years is…
Mistakes can lead to claim rejections
The finance ministry’s proposal that insurers won’t be able to question, and as a result, reject claims on the grounds of mis-statement or non-disclosure of facts after three years is…
Insurance premium collection down 4.2% at Rs 46,963 crore in H1
The total premium collections of the life insurance industry in the country have gone down by 4.2 per cent in the first six months of the current fiscal to Rs…
Exide looking to buy out INGs 26% stake in Indian insurance venture: sources
Battery-maker Exide Industries is looking to buy out ING’s 26 per cent stake in its Indian life insurance venture, ING Life, two sources close to the development told NDTV. The…
Mishap victim’s widow gets Rs 7L compensation
A road mishap victim's widow has been awarded nearly Rs seven lakh as compensation by a Motor Accident Claims Tribunal (MACT) here.
After Sandy, it’s insurance blow for US home owners
Home and business owners across a dozen US states awoke to an unpleasant reality recently: Significant portions of their property damage caused by flooding from hurricane Sandy are unlikely to…