life insurance policies

Bodies of missing South Korean pilots found months after crash


October 30th, 2011 - 11:28 pm ICT by BNO News
SEOUL (BNO NEWS) -- The bodies of two pilots of an Asiana Airlines cargo plane which crashed in the sea off a South Korean island in late July have been recovered, police ... Read more...

Posted in World News |

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...

Posted in Business |

Lok Sabha speaker’s secretary removed after CBI raids


September 2nd, 2011 - 10:21 pm ICT by IANS
New Delhi, Sep 2 (IANS) Lok Sabha Speaker Meira Kumar's secretary A.P. Pathak was Friday removed and repatriated after the Central Bureau of Investigation (CBI) raided various premises he ... Read more...

Posted in Uncategorized |

Asiana Airlines pilot took out life insurance policies month before crash


August 1st, 2011 - 6:02 pm ICT by BNO News
SEOUL (BNO NEWS) -- One of the two pilots aboard an Asiana Airlines cargo plane which crashed in the sea off a South Korean island last week had taken out seven life ... Read more...

Posted in World News |

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 |

Yeddyurappa declares assets worth several crores


February 6th, 2011 - 8:24 pm ICT by IANS
Bangalore, Feb 6 (IANS) Karnataka Chief Minister B.S. Yeddyurappa, under attack for allegedly amassing wealth, Sunday declared that he had cash and jewellery worth crores of rupees besides property in Bangalore.But ... Read more...

Posted in Politics |

IRDA bans universal life products


October 21st, 2010 - 11:09 pm ICT by IANS
Chennai, Oct 21 (IANS) In yet another policy holder-friendly move, the Insurance Regulatory and Development Authority (IRDA) Thursday banned the sale of universal life products from Oct 22, 2010.The universal life product ... Read more...

Posted in Business |

Star Union Dai-ichi to target SMEs for group insurance


September 14th, 2010 - 2:36 pm ICT by IANS
Chennai, Sep 14 (IANS) Star Union Dai-ichi Life Insurance Company is targeting small and medium enterprises (SME) which are clients of its two promoter banks- Bank of India Union and Bank of ... Read more...

Posted in Business |

IRDA is micro managing life insurers: Experts


July 19th, 2010 - 2:41 pm ICT by IANS
By Venkatachari Jagannathan Chennai, July 19 (IANS) The Insurance Regulatory and Development Authority (IRDA) seems to be trying to micro-manage the sector with its proposed measures on hiking the policy persistency (policy continuity/renewal) ... Read more...

Posted in Business |

Sell more policies for better renewal ratio: Insurance regulator


July 17th, 2010 - 10:52 pm ICT by IANS
Chennai, July 17 (IANS) In order to increase the persistency or continuity of life insurance policies by policyholders, the Insurance Regulatory and Development Authority (IRDA) has suggested agents sell more policies per ... Read more...

Posted in Business |

Bettencourt money manager taken into custody


July 15th, 2010 - 6:50 pm ICT by IANS
Paris, July 15 (DPA) The finance scandal involving French President Nicolas Sarkozy took a dramatic turn Thursday when police took into custody three people with links to L'Oreal heiress Liliane Bettencourt, the ... Read more...

Posted in Business |

Government policies for minorities answer to fatwas: Khurshid


May 15th, 2010 - 10:03 pm ICT by IANS
New Delhi, May 15 (IANS) The government's policy of opening more banks in areas dominated by the minorities was an effective "condemnation" of fatwas warning Muslims against going to banks or taking ... Read more...

Posted in Business |

Goan drug dealer’s assets worth Rs.2 crore frozen


April 21st, 2010 - 12:58 pm ICT by IANS
Panaji, April 21 (IANS) Goa police has frozen all the assets, including cash, properties and investments, of a notorious drug peddler, a senior police officer said. It is the first time that ... Read more...

Posted in Uncategorized |

Woman, mother, grandmother charged in Mexico murder case


March 2nd, 2010 - 11:49 am ICT by IANS
Mexico City, March 2 (IANS/EFE) An 80-year-old woman has joined her daughter and granddaughter in jail facing charges that they murdered a man to collect $2.4 million in insurance money, the Mexico ... Read more...

Posted in World |

Life insurers to save, policyholders to benefit


February 26th, 2010 - 5:54 pm ICT by IANS
By V. Jagannathan Chennai, Feb 26 (IANS) Finance Minister Pranab Mukherjee's budget may have rejected major demands of life insurers, but the proposal to treat life insurers at par with the mutual ... Read more...

Posted in Business |

Insurance regulator may focus on small policyholder this year


February 14th, 2010 - 1:21 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Feb 14 (IANS) 2010 will see India's insurance regulator coming of age and focusing on how to provide maximum benefits to the average policyholder, industry watchers expect.The Insurance Regulatory ... Read more...

Posted in Business |

Justice Manmohan one of the richest in Delhi High Court


February 5th, 2010 - 11:35 pm ICT by IANS
New Delhi, Feb 5 (IANS) The declaration of assets by the Delhi High Court's judges Friday has revealed that Justice Manmohan is one of the richest among them. The judge has over Rs.5 ... Read more...

Posted in Uncategorized |

Mutual funds, shares favourite investment for judges


February 5th, 2010 - 10:26 pm ICT by IANS
New Delhi, Feb 5 (IANS) The assets the Delhi High Court judges declared Friday reveal that all of them have made a lot of investments in mutual funds and shares rather than ... Read more...

Posted in Uncategorized |

Madhya Pradesh official’s houses raided, hidden assets found


January 18th, 2010 - 6:36 pm ICT by IANS
Bhopal, Jan 18 (IANS) Raids conducted at the residences of deputy director of the urban administration department here have yielded immovable property and other hidden assets worth over Rs.2 crore, officials said ... Read more...

Posted in Uncategorized |

MJ’s mother seeks info on estate


July 30th, 2009 - 5:05 pm ICT by IBNS
July 30 (IBNS) Katherine Jackson, mother of Michael Jackson, has urged a judge for granting the power to request for information on her son's estate from the current executor through her legal ... Read more...

Posted in Entertainment |

MJ’s mum seeks information on estate from current executors


July 29th, 2009 - 1:38 pm ICT by ANI
Washington, July 29 (ANI): Michael Jackson's mother Katherine is seeking information on her late son's property.The 79-year-old's legal team was said to have requested a Los Angeles Superior Court Judge for ... Read more...

Posted in Entertainment |

Bharti Axa plans to strengthen branches, expand business


June 5th, 2009 - 9:32 pm ICT by IANS
Chennai, June 5 (IANS) The promoters of private life insurer Bharti Axa Life Insurance will infuse Rs.100 crore in the next quarter to strengthen the company's branches and expand business so that ... Read more...

Posted in Business |

Customs inspector arrested for taking bribe


May 22nd, 2009 - 9:05 pm ICT by IANS
New Delhi, May 22 (IANS) The Central Bureau of Investigation (CBI) has arrested an inspector of Customs and Central Excise for accepting a bribe of Rs.8,000, according to an official statement Friday. "Vimil ... Read more...

Posted in Uncategorized |

Comrade Salim and family own assets worth Rs.92 lakh


April 17th, 2009 - 11:08 pm ICT by IANS
Kolkata, April 17 (IANS) Mohammed Salim, deputy leader of the Communist Party of India-Marxist (CPI-M) in the outgoing Lok Sabha, and his family have total assets of over Rs.92 lakh (Rs.9.2 ... Read more...

Posted in Politics |

Nafisa Ali richer than Sonia, Rahul put together


April 9th, 2009 - 12:38 am ICT by IANS
Lucknow, April 8 (IANS) Nafisa Ali, the Samajwadi Party's nominee for the Lucknow seat, is wealthier than Congress president Sonia Gandhi and her MP son Rahul Gandhi put together, according to ... Read more...

Posted in Politics |

Murder and insurance masterminds; Two old ladies shock police over murder


March 10th, 2009 - 7:03 pm ICT by David M N James
A duo of sweet old ladies shocked the world with a heinous murder trail and a fraudulent intent that saw them commit murder most foul. In search for money and wealth through ... Read more...

Posted in World |

Mortgage market growth boosts life cover sales in UAE


August 21st, 2008 - 5:19 pm ICT by IANS
Dubai, Aug 21 (IANS) The United Arab Emirates (UAE) has witnessed a growing demand for life insurance policies even as the mortgage market is increasingly adopting global insurance practices to back mortgage ... Read more...

Posted in Uncategorized |

LIC HFL Financial Services to first set up shop in Mumbai


July 18th, 2008 - 5:01 pm ICT by IANS
Chennai, July 18 (IANS) The financial products distribution arm of LIC Housing Finance Limited will initially begin operations in Mumbai, a top company official said here Friday. R.R. Nair, CEO LIC Housing ... Read more...

Posted in Business |

Insurance firm asked to pay Rs.1.6 mn to daughter of accident victim


July 15th, 2008 - 10:05 pm ICT by IANS
New Delhi, July 15 (IANS) A city court Tuesday directed an insurance firm that does not provide life insurance cover to pay Rs.1.6 million to the daughter of an accident victim. United ... Read more...

Posted in Business |

LIC and Reliance Life log good health insurance sales


March 17th, 2008 - 10:48 am ICT by admin
By Venkatachari Jagannathan Chennai, March 17 (IANS) Health is wealth - and that's certainly the case for Indian life insurers. Nearly 40 days after their entry into the long-term unit-linked health insurance business, ... Read more...

Posted in Business |

Bank mergers to affect India’s insurance sector


February 26th, 2008 - 1:37 pm ICT by admin
By V. Jagannathan Chennai, Feb 26 (IANS) Bank mergers in India are likely to impact the insurance sector as many insurers have select banks as their bancassurance partners. Bancassurance is the sale of ... Read more...

Posted in Business |

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