life insurance company

Reliance Life Insurance in talk with banks for tie-up


August 19th, 2012 - 5:52 pm ICT by IANS
Bangkok, Aug 19 (IANS) The Reliance Life Insurance Company, a unit of the Anil Ambani-led Reliance Capital, is in talks with several public and private sector banks to utilise ... Read more...

Posted in Business |

Reliance Life Insurance to hire 5,500 agents on payroll


August 16th, 2012 - 3:38 pm ICT by IANS
Bangkok, Aug 16 (IANS) Reliance Life Insurance Company, a unit of Anil Ambani-led Reliance Capital, plans to hire 5,500 agents on payroll by the end of next month in a ... Read more...

Posted in Business |

HDFC Standard Life sells 4,000 Smart Woman policies


July 24th, 2012 - 6:17 pm ICT by IANS
Chennai, July 24 (IANS) Private life insurer HDFC Standard Life Insurance Company Ltd has sold around 4,000 Smart Woman policies targeted at women since its launch last month, said a ... Read more...

Posted in Business |

Indian insurers asked to spread wings abroad


July 6th, 2012 - 8:14 pm ICT by IANS
Kolkata, July 6 (IANS) Indian insurers should look overseas and expand their international footprints, the insurance regulator suggested Friday."This is time now when our homegrown insurers should look at overseas ... Read more...

Posted in Business |

HDFC Standard Life COO quits


July 3rd, 2012 - 4:25 pm ICT by IANS
Chennai, July 3 (IANS) Private life insurer HDFC Standard Life Insurance Company Ltd.'s executive director and chief operating officer Paresh Parasnis has put down his papers, said company and industry ... Read more...

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Penalty on HDFC Standard Life seen as warning


July 3rd, 2012 - 3:37 pm ICT by IANS
Chennai, July 3 (IANS) A warning bugle for the industry is what life insurance officials say of the Rs.1.47 ($333,000) crore penalty imposed by the insurance regulator on HDFC Standard ... Read more...

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HDFC Standard Life Insurance fined Rs.1.47 crore


June 28th, 2012 - 11:48 pm ICT by IANS
Chennai, June 28 (IANS) The Insurance Regulatory and Development Authority (IRDA) slapped a fine of Rs.1.47 crore on HDFC Standard Life Insurance Company.Passing the penalty order, which was made public ... Read more...

Posted in Business |

School-on-wheels launched in Delhi


June 27th, 2012 - 9:08 pm ICT by IANS
New Delhi, June 27 (IANS) A non-governmental organisation (NGO) Wednesday launched a mobile learning centre for slum children in Delhi. The school-on-wheels was flagged off by east Delhi Mayor Annapoorna ... Read more...

Posted in Uncategorized |

Reliance launches online life insurance product


June 20th, 2012 - 6:56 pm ICT by IANS
Mumbai, June 20 (IANS) Reliance Life Insurance Company, part of the Anil Ambani-led Reliance Capital, Wednesday launched its first online life cover plan -- "Reliance Life Insurance eTerm" -- to ... Read more...

Posted in Business |

Reliance Life Insurance wins national award


June 6th, 2012 - 4:40 pm ICT by IANS
New Delhi, June 6 (IANS) Reliance Life Insurance Company, a part of Reliance Capital, Wednesday said it has received a national award from the Quality Council of India (QCI) for ... Read more...

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Nippon’s pact for 26-percent stake in Reliance asset firm


March 22nd, 2012 - 7:57 pm ICT by IANS
Mumbai, March 22 (IANS) Nippon Life Insurance Company Thursday signed final agreements with Anil Ambani-led Reliance Capital to acquire a 26-percent stake in its asset management company for $290 million."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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HDFC Standard Life to consolidate gains of direct sales force


March 8th, 2012 - 3:01 pm ICT by IANS
Chennai, March 8 (IANS) Private life insurer HDFC Standard Life Insurance Company Ltd will consolidate the gains of its direct sales force and bring in better efficiencies next fiscal before ... Read more...

Posted in Business |

‘Urban Indian women have low financial freedom’


March 7th, 2012 - 7:56 pm ICT by IANS
Chennai, March 7 (IANS) Even as their number is rising, the financial freedom of urban, working women in India is low and needs significant improvement, says a survey conducted ... Read more...

Posted in Business |

Analjit Singh to be non-executive chairman of Vodafone India


February 10th, 2012 - 3:06 pm ICT by IANS
New Delhi, Feb 10 (IANS) The Vodafone Group Friday named Analjit Singh as the non-executive chairman of its India operations.Singh, a leading industry figure in India, is the founder and ... Read more...

Posted in Sci-Tech |

Reliance Life Insurance to have accounting profit this fiscal


February 7th, 2012 - 9:42 pm ICT by IANS
Kolkata, Feb 7 (IANS) Reliance Life Insurance, a part of Reliance Capital, is expected to register its first year of accounting profit this financial year, a top executive of the ... Read more...

Posted in Business |

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...

Posted in Business |

Insurance regulator fines HDFC Standard Life for claims delay


October 5th, 2011 - 10:50 pm ICT by IANS
Chennai, Oct 5 (IANS) India's insurance regulator Wednesday imposed a fine of Rs.500,000 on Mumbai-based private life insurer HDFC Standard Life Insurance Company Ltd for not having in place effective ... Read more...

Posted in Business |

Reliance Mutual looking for foreign partners to go global


October 2nd, 2011 - 2:54 pm ICT by IANS
Phuket (Thailand), Oct 2 (IANS) Reliance Capital Asset Management (RCAM) is looking for a foreign partner like Japanese Nippon Life Insurance to facilitate its mission of going global and is ... Read more...

Posted in Business |

Cambodia establishes first life insurance firm


August 14th, 2011 - 12:42 pm ICT by IANS
Phnom Penh, Aug 14 (IANS) The Cambodian government has joined hands with four foreign companies to establish the country's first ever life insurance firm.Currently, Cambodia has six insurance companies and ... Read more...

Posted in Business |

Credit Information Bureau to target insurance, telecom firms


August 3rd, 2011 - 6:35 pm ICT by IANS
Chennai, Aug 3 (IANS) Credit history vendor Credit Information Bureau India Ltd (CIBIL) Wednesday said it will focus on providing data to insurance and telecom sectors for growing its business."We ... Read more...

Posted in Business |

Indian Bank to raise $500 mn for overseas operations


July 29th, 2011 - 7:55 pm ICT by IANS
Chennai, July 29 (IANS) Chennai-based public sector Indian Bank has decided to raise up to $500 million loan shortly for its overseas operations, the bank's chairman said here Friday.Speaking to ... Read more...

Posted in Business |

Reliance Life exploring strategic equity partner among banks


July 20th, 2011 - 3:49 pm ICT by IANS
Hong Kong, July 20 (IANS) Reliance Life Insurance Company, India's largest in terms of policies sold, intends to sell strategic equity to a commercial bank and hopes to soon ... Read more...

Posted in Business |

IRDA fines SBI Life Insurance Rs.70 lakh


July 9th, 2011 - 12:59 pm ICT by IANS
Chennai, July 9 (IANS) The Insurance Regulatory and Development Authority (IRDA) has imposed a fine of Rs.70,00,000 on SBI Life Insurance company for paying around Rs.204 crore to eight ... Read more...

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Naming of RIL’s insurance venture will be interesting


June 11th, 2011 - 2:48 pm ICT by IANS
Chennai, June 11 (IANS) With Reliance Industries buying out Bharti Enterprises' 74 percent stakes in two insurance joint ventures -- Bharti Axa Life Insurance and Bharti Axa General Insurance, the ... Read more...

Posted in Business |

Flexibility needed to fill vacancies at insurance regulator: Expert


May 30th, 2011 - 3:39 pm ICT by IANS
Chennai, May 30 (IANS) The Insurance Regulatory and Development Authority (IRDA) may not face problems in filling up vacancies when two of its top actuaries retire next month if the ... Read more...

Posted in Business |

Court offers shield to life insurance agents


May 23rd, 2011 - 7:03 pm ICT by IANS
Gandhinagar, May 23 (IANS) A life insurance company cannot terminate the services of its agent on the grounds of suppression of facts related to a policy seeker unless he or ... 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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Bharti Axa Life to launch two new products


March 10th, 2011 - 6:29 pm ICT by IANS
Chennai, March 10 (IANS) Private life insurer Bharti Axa Life Insurance will soon launch two new products, one a traditional participating retirement plan and the other a child protection plan, ... Read more...

Posted in Uncategorized |

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 |

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 |

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 |

Reshuffle in Bajaj Allianz Life Insurance


December 13th, 2010 - 10:45 pm ICT by IANS
Chennai, Dec 13 (IANS) Top level changes have been announced in the Pune-based life insurer Bajaj Allianz Life Insurance Company. The changes will come into effect from February 2011.The company is a ... Read more...

Posted in Business |

Future Generali eyeing 34 percent growth this fiscal


December 2nd, 2010 - 12:09 am ICT by IANS
Kolkata, Dec 1 (IANS) Future Generali, the insurance joint venture between India's Future Group and Italy's Generali, is looking at 34 percent growth in business by the end of the 2010-11 fiscal ... 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...

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