Star Health says it is in good health despite business loss
January 5th, 2012 - 8:13 pm ICT by IANS
Chennai, Jan 5 (IANS) City-based standalone health insurer Star Health and Allied Insurance Company Thursday said it is sure of closing this fiscal with a gross premium of Rs.1,200 crore ... Read more...
Posted in Business |
Reliance Life eyes full-year profits, Rs.8,500 crore in premia
July 20th, 2011 - 4:28 pm ICT by IANS
Hong Kong, July 20 (IANS) With three straight quarters of profits since October, Reliance Life hopes to report its first full year in the green in 2011-12 with products focussed ... Read more...
Posted in World |
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 |
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 |
Reliance Life Insurance launches highest NAV advantage ULIP
October 12th, 2010 - 6:49 pm ICT by IANS
Mumbai, Oct 12 (IANS) Reliance Life Insurance Company (RLIC), part of Reliance Capital promoted by Anil Ambani, Tuesday announced the launch of a new unit linked insurance plan (ULIP).The Reliance Life Insurance ... Read more...
Posted in Business |
Divorce insurance: perfect wedding gift for couples thinking of tying the knot
September 23rd, 2010 - 5:45 pm ICT by ANI
New York, Sep 23 (ANI): Moms and dads who think their sons and daughters-in-law are not really meant to be together forever, can buy them a practical gift that would secure their ... Read more...
Posted in Life Style |
Ergo looking for partners to start life insurance business
August 26th, 2010 - 5:41 pm ICT by IANS
Chennai, Aug 26 (IANS) German insurance group Ergo is scouting for partners to enter the Indian life insurance business.
"We are in talks with several parties. We are not interested in buying ... Read more...
Posted in Business |
Policy-holders to be told about alternate hospitals
August 25th, 2010 - 12:11 am ICT by IANS
Chennai, Aug 24 (IANS) The Insurance Regulatory and Development Authority (IRDA) Tuesday asked life and non-life insurers to inform policyholders about alternative hospitals nearest to them whenever any hospital is delisted from ... Read more...
Posted in Business |
ING Vysya Life to raise equity base by Rs.227 crore
August 24th, 2010 - 5:41 pm ICT by IANS
Chennai, Aug 24 (IANS) Bangalore-based ING Vysya Life Insurance Company will increase its equity base by Rs.227 crore this fiscal and is awaiting the sectoral regulator's sanction for four new products, a ... 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 |
Life insurance firms mull riders to take policyholders for a ride
August 1st, 2010 - 1:26 pm ICT by IANS
By Venkatachari Jagannathan
Chennai, Aug 1 (IANS) The dirty tricks departments in life insurance firms are busy at work to beat the new regulations for unit-linked insurance policy (ULIP) issued by the regulator, ... Read more...
Posted in Business |
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 |
Reliance Life launches new unit linked insurance product
February 21st, 2010 - 1:37 pm ICT by IANS
Mumbai, Feb 21 (IANS) Reliance Life Insurance, a part of the Reliance Anil Dhirubhai Ambani Group, Sunday launched a new unit-linked insurance plan that "guarantees high returns" and targets policy holders from ... 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 |
Regulator to raise unit linked policy lock-in period
August 7th, 2009 - 7:00 pm ICT by IANS
Chennai, Aug 7 (IANS) The country's insurance regulator is planning to raise the lock-in period for Unit Linked Insurance Policies (ULIPs) by two years to five years with a view to reducing ... Read more...
Posted in Business |
United India starts reminder service on claim amounts
July 16th, 2009 - 9:42 pm ICT by IANS
Chennai, July 16 (IANS) The state-owned non-life insurer United India Thursday launched an SMS service to apprise its mediclaim policyholders the amount they can claim for health check-ups once every four years, ... Read more...
Posted in Business |
Oriental Insurance expects Rs.150-crore fall in income
March 29th, 2009 - 8:35 pm ICT by IANS
Chennai, March 29 (IANS) State-run non-life insurer Oriental Insurance may report a fall of around Rs.150 crore in its investment income this fiscal due to the downslide in the financial markets, a ... Read more...
Posted in Business |