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Irda fines Sahara India Life Insurance for violating norms

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.

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.

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.

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.

Reliance Life's premium income falls 24% in Apr-Feb

Last Updated: Sunday, March 31, 2013, 11:29

The life insurance industry as a whole comprising 23 private sector companies and public sector LIC too saw a dip in premium income by over 6 percent during April-February, data released by the IRDA showed.

Future Generali hopes to return to profitability

Last Updated: Tuesday, February 12, 2013, 20:58

Future Generali India Life Insurance Company, which had shown negative growth for the last couple of years, is in course of achieving growth from this fiscal, a top company official said on Tuesday.

Reliance Life Q3 net profit soars 4-fold

Last Updated: Sunday, February 10, 2013, 14:30

Leading private sector insurer Reliance Life Insurance Company (RLIC) has recorded a four- fold jump in third quarter net profit to Rs 40 crore on the back of improved product portfolio and distribution base.

LIC reduces exposure to financial, consumer & cement cos in Q2

Last Updated: Sunday, November 11, 2012, 11:07

Life Insurance Company (LIC), a major domestic institutional investor, offloaded shares worth over Rs 7,020 crore (USD 1.3 billion) in companies related to financial, consumer and cement sectors in the July-September quarter this year, says a research report.

Reliance Life reports first full year profit at Rs 373 cr

Last Updated: Sunday, May 20, 2012, 17:00

Reliance Life Insurance Company, part of Anil Ambani group, has reported first full-year net profit at Rs 373 crore for the fiscal ending March 31, 2012.

Reliance Life Insurance launches new ULIP

Last Updated: Tuesday, February 28, 2012, 22:46

Reliance Life Insurance Company (RLIC), part of Reliance Capital Ltd, Tuesday announced the launch of a new unit-linked insurance plan, offering both regular as well as single premium options.

Reliance Life expects profit in 2011-12; drops IPO plan

Last Updated: Tuesday, February 07, 2012, 19:25

Anil Ambani-promoted Reliance Life Insurance Company is expecting to post profit in the current fiscal.

Mastek wins order from Canadian insurer

Last Updated: Friday, October 21, 2011, 18:18

IT firm Mastek on Friday said its wholly-owned US subsidiary has won a contract from Canada- based Wawanesa Life Insurance Company to implement its new policy administration system for individual life and annuity products.