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New India Assurance to open regional hub in Dubai

Last Updated: Wednesday, May 28, 2014, 12:55

Middle East, particularly Gulf Cooperation Council (GCC), is a significant market for us and our focus will now be to increase our presence in this market and grow our business by offering our products to a multinational clientele in the region.

SBI Life Insurance launches Flexi Smart Plus

Last Updated: Monday, December 16, 2013, 18:34

The product is available at a minimum premium amount of Rs 50,000 per annum, with an option of annual, half-yearly, quarterly premium and monthly modes.

Reliance Life proprietary channel hiring to grow by 20% in FY15

Last Updated: Monday, December 16, 2013, 18:30

"With the customer-centric distribution channels we are focusing on small towns and non-urban India and aiming to reach out to those 70 percent of the populace who are yet to benefit from life insurance.

Health insurance premium may cross Rs 32K cr by 2016-17: Study

Last Updated: Sunday, December 08, 2013, 12:46

While the public sector insurance companies garner maximum share of health insurance premium to the tune of 61.5 percent in India, private health insurers account for just 38.5 percent, it said.

IRDA plans 'use and file' regime for product approvals

Last Updated: Wednesday, November 27, 2013, 19:58

Insurance watchdog IRDA is planning to allow industry players to sell some products first and then take approvals as per 'use and file' regime in its bid to allow tailor-made products.

Internal accruals alone enough to fund growth: Tata AIG

Last Updated: Friday, November 22, 2013, 21:36

The company, which received a capital infusion of around Rs 55 crore last year, has shown underwriting profit in the first half of the fiscal.

Max Life Insurance forays into e-commerce

Last Updated: Wednesday, November 20, 2013, 17:56

The plan also offers a "comprehensive accident benefit" rider, which provides added benefits not only for death but also on dismemberment due to an accident.

Tata AIG hopeful of 15-16% growth this year

Last Updated: Monday, November 18, 2013, 20:59

Tata AIG General Insurance is a joint venture between Tata and the US-based insurer-AIG.

LIC outshines pvt sector insurers in H1 premium collection

Last Updated: Sunday, November 17, 2013, 11:54

State-owned Life Insurance Corporation has outperformed its peers in the private sector by recording a 7.26 percent growth in premium collection during the first half of the current fiscal.

Private insurers cut down on branches; LIC ups the ante

Last Updated: Sunday, September 15, 2013, 13:50

The number of branches operated by life insurers across India has come down by over 10 percent in the last two years, primarily because of branch closures by private players even as state-run LIC expanded its footprint.

'India should speed up insurance sector reforms'

Last Updated: Tuesday, September 03, 2013, 23:11

A global body of insurers Tuesday said India should speed up reforms in insurance sector, which would help in attracting more foreign funds.

Irda allows banks to act as insurance brokers

Last Updated: Friday, August 09, 2013, 22:09

Insurance regulator Irda has allowed banks to act as brokers and sell products of more than one insurer so as to increase the penetration of the sector across the country.