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News Room
Bharti exits, RIL enters in insurance JVs with AXA
Friday 10, June, 2011 -
After nearly five years of its association, Bharti group today exited from its financial services joint ventures with French firm AXA and sold its entire 74% stake in both general and life insurance b ....
Edelweiss Tokio Life gets Irda clearance
Thursday 12, May, 2011 -
Edelweiss Tokio Life Insurance Company has got final approval from the Insurance Regulatory & Development Authority (Irda) to operate in the life insurance space. The company is a joint venture bet ....
LIC increases stake in BHEL to 9%
Friday 06, May, 2011 -
Life Insurance Corporation (LIC) has acquired additional over 2% stake in power equipment maker BHEL from the market for Rs 2,205 crore to become the second-largest shareholder in the PSU after the go ....
Star Union Dai-ichi's premium grows by 73.21 per cent
Sunday 24, April, 2011 -
"During the year 2010-11, the company has collected Rs 936.70 crore of premium. This performance enabled the company to register a growth of 73.21 per cent in total premium over the premium for the ye ....
Edelweiss Tokio Life Insurance gets IRDA nod
Monday 18, April, 2011 -
Edelweiss Tokio Life Insurance Company Limited, a joint venture between the Edelweiss Group, India's leading diversified financial services conglomerate and Tokio Marine, one of the world's largest In ....
Irda restricts high-value Ulips' sale over phone
Thursday 07, April, 2011 -
The Insurance Regulatory and Development Authority (Irda) has disallowed sale of high-value unit-linked insurance products (Ulips) and variable insurance products over phone to curb mis-selling. Li ....
Life insurers turn to agents.
Tuesday 29, March, 2011 -
Bank-promoted life insurance companies to expand agent base, finding no alternative to attract new business. Bank-promoted life insurance companies are diversifying into the agency route, as the ba ....
Reliance Life-Nippon deal may be delayed.
Thursday 24, March, 2011 -
Nippon Life's plan to buy a stake in Reliance Life may be delayed as the deal requires special permission from the government. Under the Insurance Act, a company has to be in operation for at least ....
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