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SBI Life to appeal against IRDA order of Rs 275-cr refund

Last Updated: Wednesday, March 12, 2014, 23:25

Private sector life insurer SBI Life Insurance will appeal against the IRDA order directing to refund Rs 275 crore to policy holders, which has been collected in violation of norms.

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 Life Insurance launches Flexi Smart Plus

Last Updated: Monday, December 16, 2013, 18:34

The product is available at a minimum premium amount of Rs 50,000 per annum, with an option of annual, half-yearly, quarterly premium and monthly modes.

SBI Life Insurance to relaunch 10 plans by Jan 1

Last Updated: Sunday, November 17, 2013, 13:09

SBI Life Insurance plans to relaunch about 10 products by January 1 as part of regulatory compliance to make the policies more customer-friendly.

SBI Life launches Smart Power Insurance plan

Last Updated: Thursday, October 03, 2013, 15:47

Private insurer SBI Life Insurance launched 'Smart Power Insurance' plan, which is designed to care for investor's twin needs of insurance and investment.

Fraudsters dupe customers of 4 insurance companies

Last Updated: Sunday, May 12, 2013, 14:38

After ICICI Prudential, fraudsters have now targeted four insurance companies, including SBI Life Insurance, by stealing their customer database and duping some policy holders.

SBI, LIC involved in money laundering: Cobrapost

Last Updated: Monday, May 06, 2013, 12:57

As many as 23 public and private sector banks and insurance companies were Monday accused of "running a nation-wide money laundering racket, blatantly violating laws of the land" by online portal Cobrapost.

SBI Life FY'13 net up 12% at Rs 622 crore

Last Updated: Wednesday, May 01, 2013, 16:13

Private insurer SBI Life Insurance on Wednesday posted 12 percent growth in profit at Rs 622 crore for the financial year ending March 31, 2013.

Haryana blacklists SBI Life for delaying annuity payments

Last Updated: Tuesday, January 29, 2013, 22:09

SBI Life Insurance company has been "blacklisted" by Haryana government for allegedly delaying the process of distribution of annuity to land owners under the Resettlement and Rehabilitation (R&R) Policy of the state government.

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.

IRDA slaps Rs 6 lakh fine on SBI Life insurance

Last Updated: Tuesday, September 18, 2012, 23:14

Insurance regulator IRDA Tuesday imposed a penalty of Rs 6 lakh on SBI Life Insurance Company for violation of various norms.

SBI Life tops MDRT 2011 globally

Last Updated: Wednesday, September 28, 2011, 22:21

Private life insurer SBI Life Insurance (SBI Life) has topped the prestigious Million Dollar Round Table (MDRT) 2011 across the globe for the third consecutive year.