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IRDA to SBI Life Insurance: Refund Rs 275 cr to policy holders

Last Updated: Tuesday, March 11, 2014, 22:28

Insurance regulator IRDA Tuesday asked SBI Life Insurance company to refund Rs 275.29 crore to the policy holders as the amount was collected from them in violation of norms.

SBI, Reliance witness steep decline in life insurance premium

Last Updated: Tuesday, April 30, 2013, 18:13

The life insurance industry witnessed a drop of six percent in premium collection during the 2012-13 fiscal, with large private sector insurers like SBI Life and Reliance Life recording a steep fall in premium income.

SBI General Insurance premium soars to Rs 425.47 cr in Apr-Nov

Last Updated: Monday, December 24, 2012, 16:35

SBI General Insurance has garnered premium of Rs 425.47 crore in the first eight months (April-November) of the ongoing financial year, a rise of 219 percent over the same period in the previous fiscal.

SBI Life told to distribute excess payments to policyholders

Last Updated: Sunday, October 07, 2012, 12:34

As per the guidelines, life insurers are not allowed to pay towards management expenses, documentation expenses, profit commission, bulk discount or any other payment to the agent, corporate agent, group organiser or group manager.