insurance-sector - Latest News on insurance-sector | Read Breaking News on Zee News

Insurance sector to benefit from any hike in investment limit: AIG

Last Updated: Tuesday, July 01, 2014, 17:54

The reported proposal to double the exemption limit for investments by individuals to Rs 2 lakh in the forthcoming budget will accelerate growth in the insurance sector and also give some relief to the people, a top Tata AIG General Insurance official said Tuesday.

TCS wins 5-year IT services contract from Dutch insurance firm

Last Updated: Wednesday, June 25, 2014, 17:55

TCS has been present in the Netherlands and Benelux region since 1992 and has continuously invested in the market locally.

Insurance stocks spurt up to 10.5% on FDI buzz

Last Updated: Monday, June 02, 2014, 18:51

Finance Ministry is contemplating raising FDI cap in insurance sector from 26 percent to 49 percent with some riders like restriction on voting right.

Dai-ichi Life in advanced talks to buy US insurer Protective Life

Last Updated: Monday, June 02, 2014, 09:06

Dai-ichi Life, Japan's second-largest private-sector life insurer, plans to buy 100 percent of Birmingham, Alabama-based Protective Life.

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.

Insurers in bind over mandatory customer bank a/c details

Last Updated: Wednesday, May 28, 2014, 17:49

The new norms, prescribed by insurance sector regulator IRDA, came into affect from April 1, 2014, and make it mandatory for insurers to seek bank details of customers buying new policies.

Indian Insurers to spend Rs 11,700 cr on IT services in 2014

Last Updated: Wednesday, May 07, 2014, 16:05

They had spent an estimated Rs 11,115 crore last year on internal IT (including personnel), hardware, software, external IT services and telecommunications.

GICA to seek support of public against Insurance Bill

Last Updated: Saturday, November 23, 2013, 19:50

The General Insurance Employees' Association will seek support of the public, particularly over 30 crore policyholders, to defeat the government move to pass the Insurance Bill in Parliament, which would adversely affect the public insurance sector, a top association official said.

Govt keen to push insurance Bill in Winter session

Last Updated: Sunday, October 27, 2013, 10:49

According to sources, the government is also looking at the possibility of allowing 23 percent FII investment, over and above the existing FDI ceiling of 26 percent in the sector.

Life insurance industry estimated to grow by 15% in next 5 yrs

Last Updated: Thursday, September 19, 2013, 19:23

The life insurance sector is estimated to grow by up to 15 percent annually over the next five years, mainly due to multiple regulatory and industry changes brought in over the past few years and due to favourable demographics of the country, an industry body said Thursday.

Biz practices, risk mgmt quality top insurance sector risks: PwC

Last Updated: Sunday, August 18, 2013, 16:58

Institutional risks such as business practices and quality of risk management are among the top risks that the Indian insurance industry at present faces, says consultancy firm PwC.

IRDA for banks selling products of multiple insurers

Last Updated: Wednesday, July 10, 2013, 16:08

Insurance regulator IRDA on Wednesday indicated favouring banks to sell products of multiple insurance companies as the move would help deepen insurance penetration in the country.