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United Bank raises Rs 300 cr by selling shares to LIC

Last Updated: Monday, July 28, 2014, 21:10

State-owned United Bank of India Monday said it has raised Rs 300 crore by selling shares on preferential basis to LIC.

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.

LIC hikes stake in Infosys; buys shares worth Rs 1,100 cr

Last Updated: Sunday, July 13, 2014, 19:11

State-owned life insurer LIC has shored up its stake in Infosys to 3.82 percent, purchasing shares worth about Rs 1,100 crore in the April-June quarter.

Fire at LIC building in Kanpur

Last Updated: Thursday, July 03, 2014, 15:18

A massive fire broke out at the Life Insurance Corporation building in Kanpur, police said.

Maxlife Insurance launches new customer centric initiative

Last Updated: Monday, June 30, 2014, 15:06

The share of life insurance as part of personal finance portfolio is declining and its penetration has also been adversely affected.

Reliance Capital shares climb on equity sale reports

Last Updated: Friday, June 27, 2014, 14:04

Shares of Reliance Capital rose Friday following reports the company may sell a 10 percent stake to Japan's Sumitomo Mitsui Trust Holdings.

'75% of insurance sales to be online by 2020'

Last Updated: Wednesday, June 25, 2014, 16:47

As many as three-fourths of insurance policies sold by 2020 will be influenced by digital channels, says a report by global management consulting firm Boston Consulting Group and Google India.

HDFC to offer insurance plans online

Last Updated: Thursday, June 19, 2014, 16:35

HDFC Standard Life Insurance Company will start offering most of its insurance plans online by the end of this financial year, a senior company official said here Thursday.

IRDA tightens norms for replacement of life insurance policy

Last Updated: Wednesday, June 18, 2014, 21:35

Seeking to safeguard interest of customers, IRDA has made it mandatory for agents to provide full details in transparent manner before persuading policyholders to shift to another life insurance firm.

Nikkei hits 8-wk high on China PMI, Japan capex; Dai-ichi Life dives

Last Updated: Monday, June 02, 2014, 09:07

Japan`s Nikkei share average climbed to an eight-week high after strong Chinese factory data and rising Japanese corporate spending lifted sentiment.

Reliance Life's new business up 40% at Rs 1,934 cr in FY14

Last Updated: Thursday, May 22, 2014, 15:24

The company had earned new premium income of 1,377 crore in the previous fiscal (2012-13).

IDBI Federal launches seven new plans

Last Updated: Thursday, May 08, 2014, 13:40

IDBI Federal Life Insurance is a joint-venture of IDBI Bank, Federal Bank and Ageas.