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.
Private sector life insurer Aviva India today forged a strategic tie-up with DBS bank for distribution of its insurance products through the bank`s branches to affluent and high net worth (HNI) customers.
A government-appointed panel, which had earlier proposed doing away with commission charged by insurance agents by 2011, today said it is open to both the commission system and adviser fee during the intervening period.
Insurance regulator, IRDA,
issued its final guidelines on corporate governance for the
insurance sector focusing on key areas such as control
functions, Board of Directors, governance structure and
disclosures, among others.