How to untangle your insurance plans in divorce
When Kristen Lash officially ended her marriage in March, she also gave up her insurance plans. And it was almost as complicated to divorce her health insurance as it was…
Max India sells unit to Germany’s Treofan for $97m
Max India Ltd, a diversified group with interests in hospitals and life insurance businesses, said recently it had sold its unit that makes polypropylene film to Germany's Treofan for Rs…
Bajaj Allianz to offer value-added services
Bajaj Allianz plans to launch value-added services for its health portfolio in order to extend benefits for purposes beyond hospitalisation. The insurer mulls introducing health cards, which may help customers…
Exide steps up efforts to acquire INGs 26% stake in insurance JV
Raheja-led Exide Industries is intensifying efforts to buy out ING's 26% stake in their insurance joint venture as the Dutch financial conglomerate is finding it difficult to find a buyer…
Safe Heaven Investment – Fixed Annuity
In today's uncertain financial climate the quality of insurance company takes on new meaning. While no insurance company simply goes out of business due to highly regulated reserve requirements those…
26/7 deluge victim wins 4 lakh insurance payout
Seven years after the July 26 deluge, a consumer forum recently ordered the New India Insurance Company Ltd to pay a Juhu resident Rs 3.84 lakh he had claimed after…
Life insurance AUMs beat slowdown, up 9% in FY12
The total assets under management (AUM) of life insurers increased by 9% to R16,18,544 crore as on March 31, 2012, compared with R14,82,549 crore a year ago.
Life insurance policies on a real-time basis
Don’t be surprised if an insurance agent walks into your home with a ‘tablet’ in his hand and offers a life insurance policy of your choice instantly, on a real-time…
Time for an overhaul:Irda has suggested some path-breaking regulatory changes.
From October, all existing life insurance products will have to go for a complete overhaul as the Insurance Regulatory and Development Authority (IRDA) has come out with new draft guidelines…
Understanding reversionary bonus in Insurance
Insurance in India was traditionally bought by customers more as a tax saving investment rather than to protect the family's future from adversities in life.