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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.

Maxlife Insurance launches new customer centric initiative

Last Updated: Monday, June 30, 2014, 15:06

The share of life insurance as part of personal finance portfolio is declining and its penetration has also been adversely affected.

AIC eyes Rs 4,000 cr premium income next fiscal

Last Updated: Sunday, March 23, 2014, 12:21

The company expects to close the current fiscal with a premium collection of Rs 3,500 crore, up from Rs 3,300 crore in FY13.

Know fund source for premium of Rs 1 lakh/yr: IRDA to Birla Sun

Last Updated: Sunday, January 19, 2014, 14:59

Insurance sector regulator IRDA has asked Birla Sun Life Insurance Company to adopt effective procedure to know source of funds by policyholders and not merely rely on documentation for premium payment of over Rs 1 lakh per annum.

Family of MTNL employee get nearly 42 lakh compensation

Last Updated: Tuesday, January 14, 2014, 13:58

The family members of a MTNL employee, who died in a road accident in 2009, have been awarded a compensation of nearly Rs 42 lakh by a motor accident claims tribunal (MACT) here.

Max Life Insurance launches two products

Last Updated: Wednesday, December 11, 2013, 22:48

Private sector life insurance company Max Life Insurance has launched two new products, a company release said.

Reliance Life launches initiative to revive lapsed policies

Last Updated: Wednesday, November 06, 2013, 21:02

Reliance Life Insurance Company said Wednesday it has launched a new initiative to revive lapsed policies for its policy-holders.

Kin of road mishap victim gets 69.48 lakh compensation

Last Updated: Wednesday, October 09, 2013, 18:38

The family members of a man, who died after being killed in a road accident involving a rashly driven tanker, have been awarded a compensation of nearly Rs 70 lakh by a Motor Accident Claims Tribunal here.

Reliance Life Insurance lodges complaints against fraudsters

Last Updated: Wednesday, July 24, 2013, 15:35

The company is taking the assistance of police and investigating agencies to check the increasing incidences of frauds.

There has to be different yardstick in choosing multiplier: HC

Last Updated: Saturday, June 29, 2013, 08:52

Madras High Court ruled that if an NRI dies in an accident in India then in choosing multiplier, there has to be a different yardstick as between an Indian and NRI.

Liberty Videocon insurance eyes Rs 100-cr premium in 1st yr

Last Updated: Friday, June 14, 2013, 21:18

Liberty Videocon General Insurance Company is a joint venture between Videocon Industries Ltd and Liberty Citystate Holdings Pte Ltd, a group company of US-based Liberty Mutual Group.

13 cooperative banks go belly up in 2012-13

Last Updated: Monday, May 27, 2013, 17:42

As many as 13 cooperative banks failed in 2012-13, resulting in credit insurance company DICGC paying nearly Rs 160 crore to depositors.