insurance policies

Government to boost insurance and mutual fund industry


August 6th, 2012 - 6:18 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister P. Chidambaram Monday said that the government will announce a number of decisions in the next few weeks to boost the mutual ... Read more...

Posted in Business |

Delhi court dismisses godman’s plea to drop MCOCA charges


March 26th, 2012 - 10:56 pm ICT by IANS
New Delhi, March 26 (IANS) The Delhi High Court Monday dismissed a plea by 'godman' Shiv Murat Dwivedi, accused of running a prostitution ring in south Delhi, seeking to drop ... Read more...

Posted in Uncategorized |

Stepfather held in China for drowning kid


February 4th, 2012 - 9:02 pm ICT by IANS
Beijing, Feb 4 (IANS) A man in southwest China has been detained for allegedly drowning his two-year-old stepdaughter in a washing machine to collect life insurance payouts.Wang Bin, from Chongqing ... Read more...

Posted in World |

Rs.10-crore haul in Lokayukta raids on officials


July 22nd, 2011 - 10:46 pm ICT by IANS
Bangalore, July 22 (IANS) Even as a political storm is brewing over illegasl mining in Karnataka, the Lokayukta (ombudsman) Friday raided premises of eight officials across the state and seized ... Read more...

Posted in Business |

Thousands stage protest in Sweden


April 26th, 2011 - 4:19 am ICT by IANS
Stockhom, April 26 (IANS) Thousands of people around Sweden Monday took to the streets to protest against the government's change of medical insurance policies, which has ousted many people off ... Read more...

Posted in Politics |

When India prospers, US will prosper better: Warren Buffett (Lead)


March 22nd, 2011 - 11:43 pm ICT by IANS
Bangalore, March 22 (IANS) Billionaire US investor Warren Buffett Tuesday said America will prosper better if countries like India prosper."I am an enormous believer in trade...Trade is essential for ... Read more...

Posted in Business |

Insurance regulator bracing for spat with judiciary


February 14th, 2011 - 3:55 pm ICT by IANS
By V. Jagannathan Chennai, Feb 14 (IANS) Tasting success in the turf war with the Securities and Exchange Board of India (SEBI) last year in connection with regulating unit-linked insurance policies (ULIPs), the ... Read more...

Posted in Business |

Now insurance on funeral expenses, job losses


February 13th, 2011 - 5:18 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Feb 13 (IANS) If you fret that your finances may dry up if handed the pink slip or how your funeral will be funded, Bharti Axa Life Insurance Company ... Read more...

Posted in Business |

Chlorine gas leak detected on time, says Chemfab Alkalis


January 29th, 2011 - 2:56 pm ICT by IANS
Chennai, Jan 29 (IANS) Three days after a chlorine gas leak from its factory left 300 people affected, Chemfab Alkalis Ltd Saturday said the leakage had been detected on time and turned ... Read more...

Posted in Business |

Shriram Life to tap clients of group companies


January 12th, 2011 - 4:38 pm ICT by IANS
Chennai, Jan 12 (IANS) The Rs.611 crore ($135 million) premium income Shriram Life Insurance Company Ltd will tap the client base of its sister companies this year and also beef up equity ... Read more...

Posted in Business |

‘ULIPs have potential for life insurers despite curbs’


November 22nd, 2010 - 11:09 pm ICT by IANS
Mumbai, Nov 22 (IANS) Unit linked insurance policies (ULIPs) designed and sold under the new norms that came into effect Sep 1 have a great potential for life insurers, said experts participating ... Read more...

Posted in Business |

Need to simplify insurance products: Official


September 28th, 2010 - 10:05 pm ICT by IANS
Mumbai, Sep 28 (IANS) The insurance regulator Tuesday said companies should simplify the complex legal language used for insurance policies, which was proving a deterrent to growth of the industry. "If we make ... Read more...

Posted in Business |

First Wave of Obama Health Care Changes Start Thursday


September 22nd, 2010 - 10:31 pm ICT by Angela Kaye Mason
Sep 22 (THAINDIAN NEWS) On Thursday, the first significant changes in the new health care law of the United States of America will begin to take effect. This wave of ... Read more...

Posted in Politics |

More than 250 ULIPs sucked out of the market


September 2nd, 2010 - 10:07 pm ICT by IANS
Chennai, Sep 2 (IANS) The kicking in of new norms for unit linked insurance policies (ULIP) issued by Insurance Regulatory and Development Authority (IRDA) Wednesday has sucked out around 260 products sold ... Read more...

Posted in Business |

New dawn, sunset or eclipse for life insurers?


August 31st, 2010 - 11:52 pm ICT by IANS
Chennai, Aug 31 (IANS) A new dawn or a sunset or a short eclipse? These are the questions life insurance officials will be pondering over when they enter their offices Wednesday, as ... Read more...

Posted in Business |

Sixty ULIPs filed with IRDA for approval


August 20th, 2010 - 7:04 pm ICT by IANS
Chennai, Aug 20 (IANS) More than 60 new unit linked insurance policies (ULIP) have been filed for approval with the insurance regulator during the past two days by the Indian life insurers. The ... Read more...

Posted in Business |

‘Withdrawal of cashless health treatment retrograde’


July 10th, 2010 - 7:52 pm ICT by IANS
New Delhi/Chennai, July 10 (IANS) Policyholders and corporates subscribing to medical cover are appalled by a move by state-run insurance firms to withdraw cashless facility for treatment, even as several hospitals have ... Read more...

Posted in Business |

Ordinance declares ULIPs life insurance product (Lead)


June 19th, 2010 - 11:44 pm ICT by IANS
New Delhi/Chennai, June 19 (IANS) Delivering a knock out punch to the Securities Exchange Board of India (SEBI), the government through a ordinance issued late Friday, has unequivocally declared that unit ... Read more...

Posted in Business |

Ordinance makes ULIPs insurance product


June 19th, 2010 - 10:21 pm ICT by IANS
New Delhi/Chennai, June 19 (IANS) Setting at rest the tussle between the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA), President Pratibha Patil Friday ... Read more...

Posted in Business |

Oriental Insurance launches health policy for PNB customers


May 24th, 2010 - 9:31 pm ICT by IANS
Chennai, May 24 (IANS) Oriental Insurance Monday launched a unique health insurance scheme for account holders of the Punjab National Bank (PNB). "The policy covers the insurance proposer, spouse and two dependent children. ... Read more...

Posted in Business |

Unclaimed Money Worth $33 Billion Lying In State Treasuries


May 14th, 2010 - 6:15 pm ICT by GD
By Ranjan Bhaduri May 14, (THAINDIAN NEWS) The news that the Americans can reclaim unclaimed money worth $33 billion that is lying in the state treasuries has created sensation among the residents of ... Read more...

Posted in World News |

Top Andhra official held for corruption


May 4th, 2010 - 8:43 pm ICT by IANS
Hyderabad, May 4 (IANS) The Anti-Corruption Bureau (ACB) of Andhra Pradesh Tuesday arrested a top official in Hyderabad for possessing assets disproportionate to his income. Sleuths of the ACB searched the ... Read more...

Posted in Uncategorized |

Move to end regulatory turf war over insurace plans (Lead)


April 12th, 2010 - 5:08 pm ICT by IANS
New Delhi, April 12 (IANS) The government Monday sought to bring about a truce between two financial markets regulators who had issued contradictory orders on sale of equity-linked plans by insurance companies, ... Read more...

Posted in Business |

Regulators’ tussle leaves life insurers worried


April 11th, 2010 - 5:22 pm ICT by IANS
By Venkatachari Jagannathan Chennai, April 11 (IANS) The turf war between the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority (IRDA) over regulating unit linked insurance policies ... Read more...

Posted in Business |

IRDA asks life insurers to defy SEBI ban (Lead)


April 11th, 2010 - 5:02 pm ICT by IANS
Chennai, April 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) has asked 14 life insurers to defy the ban imposed by the Securities and Exchange Board of India (SEBI) on selling ... Read more...

Posted in Business |

Life insurers asked to defy SEBI ban


April 11th, 2010 - 2:26 pm ICT by IANS
Chennai, April 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) has asked 14 life insurers to defy the Securities and Exchange Board of India (SEBI)-imposed ban on selling unit linked insurance ... Read more...

Posted in Business |

Facebook, Twitter users prone to burglaries, say insurers


March 22nd, 2010 - 4:19 pm ICT by ANI
London, Mar 22 (ANI): Insurers are urging their clients not to leak out their holiday details on Facebook and Twitter, for burglars use such sites to target homes.The irresponsible behaviour of ... Read more...

Posted in World |

Delhi chief justice has lesser savings than wife


February 5th, 2010 - 9:23 pm ICT by IANS
New Delhi, Feb 5 (IANS) Judges of the Delhi High Court Friday declared their assets, following in the footsteps of their Supreme Court counterparts. Information of their assets has been posted on ... Read more...

Posted in Uncategorized |

BJP slams tax code proposals, bats for religious trusts


February 2nd, 2010 - 5:25 pm ICT by IANS
New Delhi, Feb 2 (IANS) The Bharatiya Janata Party (BJP) has slammed the provisions of the proposed Direct Tax Code as being inequitable towards small asessees and strongly objected to the ... Read more...

Posted in Business |

Aegon Religare plans Rs.85-cr capital infusion (Lead)


January 16th, 2010 - 6:51 pm ICT by IANS
Chennai Jan 16 (IANS) Private life insurer Aegon Religare has targeted a premium income of Rs.215 crore this fiscal, and plans to infuse around Rs.85 crore as fresh capital by March. "Post infusion, ... Read more...

Posted in Business |

Aegon Religare to infuse Rs.85 cr fresh capital


January 16th, 2010 - 4:47 pm ICT by IANS
Chennai Jan 16 (IANS) Private life insurer Aegon Religare Life Insurance, which has targeted a premium income of Rs.215 crore this fiscal, will infuse around Rs.85 crore as fresh capital by March. "Post ... Read more...

Posted in Business |

Ujjain official found to possess Rs.2 crore assets


January 11th, 2010 - 5:04 pm ICT by IANS
Bhopal, Jan 11 (IANS) Unaccounted assets worth over Rs.2 crore have been found during search operations conducted at the houses of Ujjain Additional Collector Prahlad Amarchiva in Madhya Pradesh, an official said ... Read more...

Posted in Uncategorized |

Taiwan man chops off hand to collect insurance


November 28th, 2009 - 4:18 pm ICT by IANS
Taipei, Nov 28 (DPA) A Taiwan man was turned over for prosecution Saturday after hiring two men to chop off his hand in order to claim insurance worth 24 million Taiwan dollars ... Read more...

Posted in World |

Australians’ bizarre travel insurance claims


November 26th, 2009 - 6:24 pm ICT by ANI
Melbourne, Nov 26 (ANI): Some of the most bizarre claims ever made by Australian travellers has now been revealed by insurance companies.One Aussie traveller claimed a monkey stole his wallet while on ... Read more...

Posted in World |

Regulator cautions insurers on terror funds


November 1st, 2009 - 6:34 pm ICT by IANS
New Delhi, Nov 1 (IANS) Insurance Regulatory Development Authority (IRDA) has cautioned insurance companies against policy holders whose identity matches that of those on the United Nations' list of terrorists or organisations ... Read more...

Posted in Business |

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