News Room

Life insurers' new business income falls 39% in February.

Saturday 19, March, 2011 - New business premium income of life insurance companies fell for the sixth straight month as strict regulations on sale of the once popular Unit Linked Insurance Policy took sheen off investing in ins ....

Bharti AXA Life launches 2 products.

Friday 11, March, 2011 - Private sector Bharti AXA Life Insurance today announced the launch of two products - a retirement plan and a child protection plan. While the retirement plan - Bharti AXA Life Wonder Years Retirem ....

PNB shortlists 10 firms for life insurance JV.

Thursday 03, March, 2011 - State-owned Punjab National Bank (PNB) today said it proposes to buy stake in an existing life insurance company and has shortlisted 10 companies, including Reliance Life and Bharti AXA, for the strat ....

Life insurers' new business premium rises 25.8%c.

Saturday 26, February, 2011 - First-year premium collections by life insurance companies increased 25.8 per cent to Rs 94,820 crore in the April-January period of the current financial year. The increase was mainly led by a surge ....

Irda wants life insurers to face 10% stake sale cap.

Tuesday 22, February, 2011 - Life insurance companies will not be allowed to dilute more than 10 per cent stake through initial public offers (IPOs). The Insurance Regulatory & Development Authority (Irda) is set to cap the st ....

Max India expects to turn profit on consol basis in FY11.

Friday 11, February, 2011 - Insurer and hospital operator Max India Ltd expects to be in the black in 2010/11 on a consolidated basis as its life insurance business turns around, a top executive said on Friday. A combination ....

Irda scans pension liabilities of life insurance companies.

Thursday 03, February, 2011 - After a notional loss of Rs 1,400 crore was reported in three pension schemes of the country's largest insurance company, Life Insurance Corporation of India (LIC), the Insurance Regulatory and Develo ....

AP plans suicide cover, wants MFIs to foot the bill

Tuesday 25, January, 2011 - The Andhra Pradesh government is planning a legislation that would make it mandatory for microfinance companies to pay a compensation of Rs 5 lakh to families of borrowers who commit suicide because o ....
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