ICICI Bank`s general insurance arm ICICI Lombard on Wednesday said it has signed a deal with private sector banker Development Credit Bank for the sale of insurance products at bank`s branches in the country.
In a bid to tap different market segments, Reliance Life Insurance Company (RLIC) announced the launch of two new products - Reliance Jan Samriddhi plan and Reliance traditional super invest plan - here Tuesday evening.
Life insurance industry logged a 21 per cent increase in premium collections during the first seven months of the current fiscal compared to the same period last year, indicating recovery in the sector.
Ford, Subaru and Volkswagen sit atop the insurance industry`s annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.
The insurance industry overall has registered a growth of 11.35 percent in premium collection at Rs 55,866.54 crore in the first six months of this fiscal as compared to Rs 50,171.09 crore in the year-ago period.
SBI Life, an insurance venture
promoted by the country`s largest lender SBI, has regained the
top position among private players with a premium income of
Rs 2,391 crore in the first half of this fiscal.
Insurance regulator IRDA will come out with standardised method for valuation of insurance companies to enable them to go for Initial Public Offering of shares in a couple of weeks, a top official said on Friday.
Export Credit Guarantee Corporation of India (ECGC) today said its income from insurance premium is expected to jump by over Rs 100 crore this fiscal to Rs 850 crore, as more and more exporters are
facing payment defaults.