News Room

IRDA slaps Rs 6 lakh fine on SBI Life insurance

Tuesday 18, September, 2012 - Insurance regulator IRDA today imposed a penalty of Rs 6 lakh on SBI Life Insurance Company for violation of various norms. The Insurance Regulatory and Development Authority (IRDA) has also reprim ....

Irda slaps Rs 22 lakh fine on Kotak Life Insurance

Saturday 08, September, 2012 - The Insurance Regulatory and Development Authority slapped a fine of Rs 22 lakh on Kotak Mahindra Old Mutual Life Insurance for violation of various norms on group insurance and death claims. In a ....

LIC sold over 300 lakh policies during fiscal 2011-12

Saturday 01, September, 2012 - Life Insurance Corporation sold over 300 lakh policies during the financial year 2011-12, a senior company official said today. The country's largest insurer has sold 357 lakh policies in 2011-12 w ....

Bajaj Allianz launches an online term plan iSecure

Friday 24, August, 2012 - Bajaj Allianz Life has recently started selling its term plan - iSecure - through the online platform. Almost all life insurers today offer online term policies that are cheaper than their physical va ....

Aviva India launches Family Income Builder

Monday 13, August, 2012 - Private insurer Aviva India today launched Family Income Builder, a traditional plan in which one pays for 12 years and gets double of what they have paid every year for the next 12 years, guaranteed. ....

Insurance employees may go on nationwide strike

Wednesday 08, August, 2012 - Insurance employees through out the whole country will go for a new episode of nationwide stir to protest against Government's move to pass Insurance amendment bill 2008 in the Monsoon Session of parl ....

Agents struck by commission-refund policy

Tuesday 24, July, 2012 - Private life insurers take step to improve persistency ratio and arrest policy lapses. An agent of a Mumbai-based private life insurance company was jolted when his employer asked him to refund a ....

Comparison site gets Irda approval

Tuesday 17, July, 2012 - Mumbai-based insurance portal MyInsuranceClub.com has become the first comparison website to bag Insurance Regulatory & Development Authority of India's approval. This license allows MyInsuranceClub t ....
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