News Room

Motor third party premiums to see marginal hike for FY16

Tuesday 31, March, 2015 - It is good news for all vehicle owners as the motor third party premiums have been increased only by few hundred rupees for the majority of vehicles. Both for private cars and two wheelers, the rat ....

Indians have misconceptions about health insurance: Survey

Saturday 28, March, 2015 - Awareness about health policies was pretty low among Indians, with many still having the misconception health insurance is meant only for the elderly, according to a survey by Max Bupa Health Insuranc ....

Indian management control' clause still grey area for insurers

Friday 20, March, 2015 - The insurance sector is seeking clarity from the Insurance Regulatory and Development Authority of India (Irdai) on the ‘Indian management control’ clause in the Insurance Laws (Amendment) Bill, p ....

Shriram Life considering fresh FDI to fund business expansion

Friday 13, March, 2015 - Shriram Life Insurance Company (SLIC) today said the proceeds from the possible divestment of equity in favour of its overseas joint venture partner, Sanlam, would be entirely used to fund the busine ....

IRDAI approves Trevor Bull as MD & CEO of Aviva India

Monday 09, March, 2015 - The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Trevor Bull as the Managing Director and Chief Executive Officer of Aviva Life Insurance Company Ind ....

IRDA gives nod for Rs 1,500-crore nuclear liability pool

Monday 23, February, 2015 - Insurance sector regulator IRDA has given in-principle approval for setting up of Rs 1,500 crore nuclear liability pool for providing risk cover to nuclear reactors. "We have given in-principle app ....

Insurance Ordinance: Firms wait for enactment before moving on FDI

Wednesday 18, February, 2015 - The Insurance Laws (Amendment) Ordinance, 2014, as promulgated by the President of India, had allowed foreign partners to hold up to 49% stake in a venture. However, no company has taken a step to ....

Motor TP segment may see steeper premium hikes in 2015-16

Saturday 07, February, 2015 - Vehicles owners — private and commercial — might have to shell out at least 20 to 25 per cent more as motor third-party premiums from April 1. Both public and private insurers have sough the hi ....

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