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Chidambaram happy with govt decision to push Insurance Bill

Chidambaram happy with govt decision to push Insurance Bill

Last Updated: Thursday, July 31, 2014, 15:02

Expressing satisfaction over the NDA government's decision to push the insurance bill, former Finance Minister P Chidambaram on Thursday said each government should build on the accomplishment of the previous one.

Rajya Sabha to discuss Insurance Bill on Monday

Rajya Sabha to discuss Insurance Bill on Monday

Last Updated: Thursday, July 31, 2014, 14:24

The Rajya Sabha is likely to take up for discussion on Monday the Insurance Bill which seeks to hike foreign investment cap in the sector to 49 percent with a rider that management control remains with Indian promoters.

Insurance Bill likely to be introduced in Rajya Sabha on Monday

Insurance Bill likely to be introduced in Rajya Sabha on Monday

Last Updated: Thursday, July 31, 2014, 10:02

Insurance Amendment Bill is likely to be taken up for discussion in the Rajya Sabha on Monday, Finance Minister Arun Jaitley said on Thursday.

Bajaj Allianz GI plans 4,000 virtual offices in 2-3 years

Last Updated: Tuesday, July 29, 2014, 19:35

With a virtual office, insurers can service their customers with low distribution costs.

United Bank raises Rs 300 cr by selling shares to LIC

Last Updated: Monday, July 28, 2014, 21:10

State-owned United Bank of India Monday said it has raised Rs 300 crore by selling shares on preferential basis to LIC.

Religare Health Insurance launches three products

Last Updated: Monday, July 28, 2014, 17:21

Religare Health Insurance Co Ltd (RHICL) has launched three new products namely 'Explore' for international travel insurance, 'Secure' that offers personal accident coverage and 'Enhance', a deductible health insurance plan.

IRDA Chairman expects insurance companies to get listed

Last Updated: Friday, July 25, 2014, 00:34

Welcoming the hike in foreign holdings in the insurance sector, IRDA (Insurance Regulatory and Development Authority Chairman T S Vijayan today expressed the hope that the move would finally enable companies to enter capital markets.

Profit not bad word, resources needed to service poor: FM

Last Updated: Thursday, July 24, 2014, 23:10

Referring to budget proposals, Finance Minister Arun Jaitley said the government has made efforts to help the middle class save and spend.

Irda fines Sahara India Life Insurance for violating norms

Last Updated: Thursday, July 24, 2014, 22:46

Regulator Irda has imposed Rs 5 lakh penalty on Sahara India Life Insurance Company Ltd for non-compliance of social sector obligations in 2012-13.

Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr

Last Updated: Thursday, July 24, 2014, 22:18

Private sector insurers welcomed the government move to increase foreign holdings to 49 percent from the existing 26 percent saying the move will benefit companies and customers and would help bring in new technology and better services.

FDI hike gives boost to investment starved insurance sector!

Last Updated: Thursday, July 24, 2014, 22:08

About 4.4 percent of Indians have life insurance while 5 percent have a reasonable health cover proving that insurance penetration is very low.

Insurance scrips gain as Cabinet clears FDI to 49%

Last Updated: Thursday, July 24, 2014, 20:23

Shares of companies that run insurance business rose by as much as 4 percent after the Cabinet today gave go-ahead to FDI cap hike in the sector to 49 percent with a rider that management control will remain in the hands of Indian promoters.