insurance sector

‘Emirates Airline contributes $596 million to Indian economy’


September 3rd, 2012 - 8:19 pm ICT by IANS
New Delhi, Sep 3 (IANS) Dubai-based Emirates Airline has contributed $596 million to the Indian economy by way of boosting air transport, manufacturing and services sectors and creating direct and ... Read more...

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Bajaj Allianz to launch gender-based pricing of health policy


August 31st, 2012 - 12:12 am ICT by IANS
Chennai, Aug 30 (IANS) With studies showing positive risk profile of women for non-life insurers, the Pune-based Bajaj Allianz General Insurance Company Ltd. plans to introduce gender based pricing of ... Read more...

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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...

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Two held for cheating, impersonation


July 1st, 2012 - 9:02 pm ICT by IANS
New Delhi, July 1 (IANS) The "magic pen" of fraud eventually wrote their nemesis, and two men who impersonated as tele-marketing executives of an insurance company and cheated people of ... Read more...

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‘Chinese insurance sector needs healthy growth


April 22nd, 2012 - 3:42 pm ICT by IANS
Shanghai, April 22 (IANS) Chinese Vice Premier Wang Qishan has urged accelerated reform and innovation in the country's insurance industry to promote healthy and stable development.Wang said here that the ... Read more...

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It is a status quo budget with routine announcements: Insurance sector (Lead)


March 16th, 2012 - 7:44 pm ICT by IANS
Chennai, March 16 (IANS) The Indian insurance industry is unanimous that the 2012-13 budget presented by Finance Minister Pranab Mukherjee is status quoist and the hike in service tax ... Read more...

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Bharti AXA to infuse Rs.200 crore additional capital in 2012


March 5th, 2012 - 5:55 pm ICT by IANS
Kolkata, March 5 (IANS) Private sector insurer Bharti AXA General Insurance is looking at an additional Rs.200 crore capital infusion this calendar year to fund its expansion plans, a top ... Read more...

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Experts demand rules for stake dilution in insurance firms


December 5th, 2011 - 8:22 pm ICT by IANS
Chennai, Dec 5 (IANS) The government should come out with rules such as setting a time frame for dilution of excess stake held by promoters of life insurance companies as ... Read more...

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Concerned over possible hike in medicine prices: Jena


November 29th, 2011 - 6:50 pm ICT by IANS
New Delhi, Nov 29 (IANS) The government Tuesday expressed its concern over a likely increase in prices of medicines by international companies which are eyeing Indian firms after being allowed ... Read more...

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Mexico receives $13.4 bn in foreign investment


November 25th, 2011 - 10:55 am ICT by IANS
Mexico City, Nov 25 (IANS/EFE) Mexico attracted $13.4 billion in foreign direct investment during the first nine months of 2011, down 6.5 percent from the same period of last year, ... Read more...

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PM appeals to parties to help pass economic legislation


September 27th, 2011 - 11:42 pm ICT by IANS
New Delhi, Sep 27 (IANS) Underlining the need to sustain 9 percent growth, Prime Minister Manmohan Singh Tuesday appealed to political parties to work together to ensure the passage ... Read more...

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IPO norms to be out once valuation method is finalised: IRDA chief


September 15th, 2011 - 5:36 pm ICT by IANS
New Delhi, Sep 15 (IANS) Guidelines for allowing insurance companies to come out with initial public offerings will be out as soon as the regulator decides on the methodology to ... Read more...

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South African fund shows interest in Indian insurance


September 7th, 2011 - 7:38 pm ICT by IANS
Chennai, Sep 7 (IANS) South Africa-based private equity fund LeapFrog Investments wants to invest in Indian insurance companies as well as those serving the insurance sector."We are interested in investing ... Read more...

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Court notice on insurance for AIDS patients


May 12th, 2011 - 12:57 am ICT by IANS
New Delhi, May 11 (IANS) The Delhi High Court Wednesday issued notice to the Insurance Regulatory and Development Authority (IRDA) on a petition to make HIV/AIDS patients eligible for health ... Read more...

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5,000 Kerala doctors on daylong strike


May 3rd, 2011 - 4:49 pm ICT by IANS
Thiruvananthapuram, May 3 (IANS) More than 5,000 doctors in Kerala Tuesday went on a daylong strike demanding that anomalies in pay revision be rectified.While 4,000 doctors belong to the Kerala ... Read more...

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IPO guidelines for insurance firms by month-end: IRDA chief


April 11th, 2011 - 7:50 pm ICT by IANS
New Delhi, April 11 (IANS) The Insurance Regulatory and Development Authority (IRDA) will issue final guidelines governing initial public offerings (IPOs) of insurance companies by the this month end, ... Read more...

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Swiss Federal Councillor calls on Pranab Mukherjee


April 7th, 2011 - 9:09 pm ICT by ANI
New Delhi, Apr 7 (ANI): Swiss Federal Councillor for Economic, Johann N. Schneider Ammann, called on Union Finance Minister Pranab Mukherjee in his North Block office here on Thursday, where the ... Read more...

Posted in National |

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...

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When India prospers, US will prosper better: Warren Buffett


March 22nd, 2011 - 8:51 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 ... Read more...

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Reliance Life gets Nippon on board for $680 million


March 14th, 2011 - 1:22 pm ICT by IANS
Mumbai, March 14 (IANS) In the largest such deal in Indian insurance space, the Reliance Anil Dhirubhai Ambani Group Monday said it has roped in Nippon, the sixth largest in ... Read more...

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India ready to tackle serious challenges to emerge as a developed country: Mukherjee


March 3rd, 2011 - 10:17 pm ICT by ANI
New Delhi, Mar 3(ANI): Union Finance Minister Pranab Mukherjee on Thursday stressed that the country is ready to tackle series serious challenges, including the challenge of rising expectations of a young ... Read more...

Posted in National |

Nothing new for insurance sector: Experts


February 28th, 2011 - 11:09 pm ICT by IANS
Chennai, Feb 28 (IANS) Insurance companies have reacted in a varied manner to Finance Minister Pranab Mukherjee's proposals for the sector in his budget for 2011-12. Some termed it a boost ... Read more...

Posted in Business |

FDI limit in insurance sector to be raised


February 28th, 2011 - 1:39 pm ICT by IANS
New Delhi, Feb 28 (IANS) Continuing the financial sector reforms initiated in 1990, the government Monday announced the introduction of a series of legislations that would increase the foreign direct investment ... Read more...

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Pranab calls for private-public partnership in insurance


February 6th, 2011 - 12:01 am ICT by IANS
Ragunathganj (West Bengal), Feb 5 (IANS) Union Finance Minister Pranab Mukherjee Saturday advocated public-private partnership in the insurance sector to bring more people under its cover."In our country, the total number ... Read more...

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Indian stock markets may gain 15-18 percent in 2011


January 5th, 2011 - 3:34 pm ICT by IANS
By Gyanendra Kumar Keshri New Delhi, Jan 5 (IANS) Indian stock markets are likely to gain 15-18 percent in 2011 on the back of an estimated 8-9 percent economic growth with robust ... Read more...

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FDI in India slumps 38 percent in April-October


December 16th, 2010 - 6:01 pm ICT by IANS
New Delhi, Dec 16 (IANS) Foreign Direct Investment (FDI) in India declined 37.84 percent to $12.40 billion in April-October this year from $19.95 billion in the corresponding period last year, according to ... Read more...

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Step-by-step liberalisation good policy: German envoy


November 26th, 2010 - 11:47 pm ICT by IANS
Kolkata, Nov 26 (IANS) Germany's envoy to India Friday called for greater foreign participation in this country's insurance sector but said it was a good policy to go for liberalisation step-by-step and ... Read more...

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SEBI sets disclosure terms for life insurance companies


October 26th, 2010 - 1:52 pm ICT by ANI
Mumbai, Oct 26 (ANI): The Securities and Exchange Board of India (SEBI) has spelt out disclosure norms for the life insurance companies if they sell shares to the public through Initial Public ... Read more...

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Insurance firm to turn Nepal loss into silver lining


October 12th, 2010 - 4:00 pm ICT by IANS
By Sudeshna Sarkar Kathmandu, Oct 12 (IANS) Less than two months after being hit by a plane crash in Nepal that killed all 14 people on board and destroyed the aircraft, National Insurance ... Read more...

Posted in Business |

India’s employment market improved in September: Monster


October 7th, 2010 - 3:27 pm ICT by IANS
New Delhi, Oct 7 (IANS) The job scene in India improved in September as employers returned to the recruitment market in substantial numbers after the summer lull, leading online career and recruitment ... Read more...

Posted in Business |

What Does Your Home Insurance Cover?


August 26th, 2010 - 7:53 pm ICT by GD
By Meena Kar Aug 26, (THAINDIAN NEWS) Considering that the premiums are on the rise and the payers' salaries are on the decline, it is but an obvious question to ask that what ... Read more...

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IRDA adopts tough standards for approving new ULIPs


August 25th, 2010 - 7:00 pm ICT by IANS
Chennai, Aug 25 (IANS) The Insurance Regulatory and Development Authority (IRDA) is going through the new unit-linked insurance plans (ULIPs) filed for approval with a fine comb so that it is not ... Read more...

Posted in Business |

No plan to cap conventional life insurance charges: IRDA


August 21st, 2010 - 2:26 pm ICT by IANS
Chennai, Aug 21 (IANS) The Insurance Regulatory and Development Authority (IRDA) has said it has no plans to cap the charges levied by life insurers on traditional savings policies. The insurance regulator also ... Read more...

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Maximum job growth in education sector in June: Monster


July 13th, 2010 - 5:53 pm ICT by IANS
New Delhi, July 13 (IANS) Job opportunities in India continued to expand for the seventh month in June, Monster India said Tuesday. The education sector saw the strongest demand with a nine ... Read more...

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Arab health insurance meet begins in Libya


June 6th, 2010 - 6:08 pm ICT by IANS
Tripoli, June 6 (IANS/WAM) A two-day seminar on the health insurance sector in the Arab region began here Sunday. It is organised by General Arab Insurance Federation in cooperation with African Insurance Company ... Read more...

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