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'Nod to 49% FDI in insurance to drive capital infusion'

'Nod to 49% FDI in insurance to drive capital infusion'

Last Updated: Thursday, July 24, 2014, 19:25

Welcoming the Cabinet approval to raise FDI ceiling in insurance, India Inc on Thursday said the move will drive capital infusion in the cash-starved sector by attracting investments from foreign players, enhance insurance cover and push firms to provide long-term savings vehicles.

Cabinet clears 49% FDI in insurance; to fetch Rs 25K cr funds

Cabinet clears 49% FDI in insurance; to fetch Rs 25K cr funds

Last Updated: Thursday, July 24, 2014, 13:22

The approval to hike the FDI limit from the current 26 percent, a proposal which has been pending since 2008.

Insurance cos to get much-needed capital from higher FDI: Singh

Last Updated: Friday, July 18, 2014, 19:41

Welcoming the government's proposal to hike FDI ceiling in insurance sector to 49 percent, Fortis Healthcare Executive Chairman Malvinder Mohan Singh on Friday said the move would help insurance firms attract much-needed capital from overseas partners.

Raising FDI cap in insurance will spur growth: Irda

Last Updated: Friday, July 18, 2014, 17:41

Raising FDI cap in the insurance sector will spur growth in this industry, ensuring entry of more players, Insurance Regulatory and Development Authority said on Friday.

Jammu And Kashmir Bank to sell stake in insurance venture

Last Updated: Thursday, June 05, 2014, 14:54

Jammu And Kashmir Bank Ltd will raise 5-6 billion rupees (USD 84- USD 101 million) by selling its 5 percent equity holding in a life insurance company by the end of this year.

FinMin looking at insurance funding without raising FDI cap

Last Updated: Thursday, May 29, 2014, 21:08

The Finance Ministry is looking at ways in which private insurance companies can be allowed to raise more funds without hiking the foreign direct investment cap in the sector to 49 percent.

Air India invites bid for insurance of 105-aircraft fleet

Last Updated: Wednesday, May 14, 2014, 20:58

Air India on Wednesday invited bids from Indian companies for renewal of insurance for its entire 105- aircraft fleet worth a whopping nine billion US dollars, even as it is in the process of acquiring the remaining 13 of the 27 Dreamliners it has ordered.

United India eyes Rs 11,000 cr premium in 2014-15

Last Updated: Friday, April 25, 2014, 16:20

United India Insurance Company has set a target of reaching Rs 11,000 crore premium during the current financial year.

Insurance firms launching mobile apps to woo customers

Last Updated: Tuesday, March 18, 2014, 11:07

According to industry experts, 65 percent of mobile users in the country access the internet through mobile phone and 40 percent of them are "active" data users.

PNB Metlife launches 3 life insurance products

Last Updated: Monday, December 23, 2013, 15:33

The other two products are endowment savings plan and money back plan, PNB Metlife said in a statement.

Efforts on to pass Insurance Bill in winter session: Minister

Last Updated: Friday, December 06, 2013, 15:32

Government will make all efforts to pass the Insurance Laws (Amendment) Bill in the ongoing winter session of Parliament, Minister of State for Finance J D Seelam said on Friday.

'Better pricing, reinsurance key to general insurance growth'

Last Updated: Sunday, December 01, 2013, 12:00

Though public sector general insurers are better capitalised to fund their future growth, industry officials feel adequate premium pricing and right reinsurance cover will enable the industry to chug ahead.