Insurance Companies

Insurance cos to focus on IPOs, consolidation in 2018

Insurance cos to focus on IPOs, consolidation in 2018

The insurance industry is witnessing growth and is projected to have great times in the years to come.

Dec 30, 2017, 12:48 PM IST
Cabinet approves proposal for bill to deal with bankruptcy in financial sector

Cabinet approves proposal for bill to deal with bankruptcy in financial sector

The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.

 

Jun 14, 2017, 15:28 PM IST

DIIs remain bullish on equities; pour in Rs 4,500 crore in May

Continuing with their bullish stance on India for the second month, domestic institutional investors (DIIs) pumped in more than Rs 4,500 crore in equity markets in May.

Jun 06, 2017, 17:48 PM IST
Govt considering 100% FDI in insurance broking

Govt considering 100% FDI in insurance broking

The government is considering allowing 100 percent foreign direct investment in insurance broking with a view to giving a boost to the sector and attracting more funds.

Mar 21, 2017, 14:15 PM IST
Insurers may offer discounts to customers via e-commerce sale

Insurers may offer discounts to customers via e-commerce sale

Insurance companies may offer discounts to customers if their policies are sold through e-commerce websites, Irdai said Thursday.

 

Mar 09, 2017, 21:06 PM IST

Govt looks to raise Rs 11,000 crore from listing of insurers

Government plans to divest Rs 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs 72,500 crore next fiscal.

Feb 02, 2017, 15:52 PM IST
Cabinet approves listing of 5 public sector general insurance companies

Cabinet approves listing of 5 public sector general insurance companies

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi on Wednesday gave its ‘in principle’ approval  for listing of five public sector general insurance companies in the stock exchanges.

 

Jan 18, 2017, 15:36 PM IST
Non-life insurance premium soars 86% in September to Rs 14,950 crore

Non-life insurance premium soars 86% in September to Rs 14,950 crore

Of the total premium underwritten by non-life insurance companies during the month, public insurers garnered Rs 9,164.10 crore while private players took a combined Rs 5,785.90 crore, according to Insurance Regulatory and Development Authority of India (Irdai) data.

Oct 31, 2016, 18:51 PM IST
More than 4 lakh train passengers opt for insurance cover

More than 4 lakh train passengers opt for insurance cover

A day after the train travel insurance facility was launched, more than 4 lakh passengers have opted for the scheme till this evening making the passenger-friendly initiative a hit.

Sep 02, 2016, 21:08 PM IST

'Insurers will have to deal with more taxes in GST regime'

Insurance companies will potentially have to deal with more taxes once the GST is implemented with the emergence of the Centre and states as dual stakeholders.

Aug 12, 2016, 20:16 PM IST
Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry is all set to issue a draft Cabinet note on listing of public sector insurance companies. This development comes in line with the announcements made in the budget.

Jul 03, 2016, 14:45 PM IST

Irdai ask insurers for compliance details on Ombudsman orders

Taking note of delay by insurers in implementing orders and awards of Ombudsmen, insurance regulator Irdai today directed companies to furnish details of cases pending for compliance for the last three years.

Apr 01, 2016, 20:34 PM IST
FM Jaitley proposes listing of PSU general insurance companies

FM Jaitley proposes listing of PSU general insurance companies

Finance Minister Arun Jaitley Monday proposed listing of four wholly-owned PSU general insurance companies.

Feb 29, 2016, 11:44 AM IST

Insurance Companies Planning To Tie Up With Payment Banks To Increase Insurance Penetration

To increase Insurance penetration in India Insurance companies are eyeing to tie up with RBI authorised payment banks.

Nov 25, 2015, 18:28 PM IST

United India eyes Rs 11,800 cr premium in 2015-16

Riding on the growth of motor and health insurance segments, public sector United India Insurance has set a target of clocking a total premium of Rs 11,800 crore during the current financial year.?

Nov 18, 2015, 17:11 PM IST

IRDAI to issue corporate governance norms this month

Insurance Regulatory and Development Authority of India (IRDAI) will issue corporate governance norms this month to address issues such as management control of insurance companies among other things

Oct 01, 2015, 16:47 PM IST

New India Assurance to expand biz to Asia, Africa, N America

New India Assurance (NIA), the largest non-life insurer in the country, has charted out its global expansion plans that include areas like Asia, North America and Africa.

Sep 27, 2015, 17:15 PM IST

10 trade unions observe nationwide strike

10 trade union comprising bank, insurance, post office and a whole lot other are on strike today. An estimated 15 crore people will not be working though this massive strike.

Sep 02, 2015, 10:11 AM IST

Pension biz of life insurers plunges 90% to Rs 2k cr in FY15

The pension business of life insurance players is down to a meagre Rs 2,000 crore in 2014-15, from Rs 20,000 crore in 2009-10.

Aug 23, 2015, 15:02 PM IST

Probe against 16 insurers in Rs 2,500-cr CENVAT credit case

Under the CENVAT credit scheme, a manufacturer or a service provider can avail credit of excise duty paid on inputs.

Aug 10, 2015, 22:49 PM IST