News Room

Insurers struggle to bring investors back to Ulips

Monday 10, December, 2012 - Earlier, unit-linked insurance plans (Ulips) were being surrendered before maturity. After the change in rules, Ulips are not finding takers. According to the Life Insurance Council, insurers sold ove ....

Reforms Wave in Insurance, Pension

Tuesday 27, November, 2012 - Reforms are the flavour of the season. The insurance sector is no exception. Its long pending demand for raising the foreign direct investment (FDI) limit may be fulfilled. The government has cleared ....

LIC allowed to buy up to 30% equity in a company

Wednesday 21, November, 2012 - Hard pressed to meet the Rs 30,000 crore disinvestment target, the Finance Ministry on Wednesday permitted the state-owned Life Insurance Corporation to invest up to 30 per cent in a company as agains ....

Hike in insurance FDI may attract Rs 30,000 cr: Irda

Friday 05, October, 2012 - The increase in FDI limit in the insurance sector may attract Rs 30,000 crore that the industry requires over the next five years, Insurance Regulatory and Development Authority has said. A day aft ....

Insurance employees association opposes increase of FDI in Insurance sector

Friday 05, October, 2012 - All India Insurance Employees Association today strongly opposed Centre's decision to increase FDI in insurance sector to 49 per cent and to disinvest the public sector general insurance companies. ....

IRDA prepares 8 ready-to-launch plans for insurers

Thursday 04, October, 2012 - The insurance regulator is designing eight standard products that companies will be allowed to launch without seeking its nod, a move that could help revive the ailing sector. A senior official sai ....

Irda introduces measures to revive life insurance

Monday 01, October, 2012 - To revive the sagging life insurance industry, the insurance regulator has agreed to introduce changes enabling faster clearances of products, increasing investment into infrastructure and opening up ....

How to make a life insurance claim

Monday 24, September, 2012 - A life insurance claim arises on the death of an individual (life assured) covered under a life policy. The nominee or assignee of the policy, who is entitled to receive the benefits, needs to inform ....

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