News Room

Kotak Life child plans: No risk, not much gain

Wednesday 07, December, 2011 - The life insurance space saw a flurry of launches last month, targeted at children, or rather, their parents. Child plans constitute a major source of premium inflow for life insurers. Kotak Life ....

Reliance calls off Bharti-AXA Insurance deal

Saturday 26, November, 2011 - Reliance Industries (RIL) has scrapped its plan to acquire Bharti's stake in the life and general insurance joint ventures with French insurer AXA. According to two independent sources, it is a dir ....

Pension products to come with assured benefits: Irda

Thursday 10, November, 2011 - New pension guidelines will be applicable to both linked and non-linked plans. Though guarantees on pension products would remain, insurers would now have more flexibility. According to the final g ....

IRDA issues guidelines for e-insurance policies

Saturday 08, October, 2011 - In order to reduce transaction costs and ensure swift modifications in insurance policies, the sectoral regulator Irda today unveiled guidelines for issuing them electronically. It also laid down t ....

Canara HSBC OBC launches Life Insurance Simulator

Saturday 08, October, 2011 - Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited today announced the launch of Life Insurance Simulator (LIS), aimed to make the customer aware of importance of financial planning. ....

Irda seeks Life Insurance Council's views on IPO norms

Saturday 08, October, 2011 - The Insurance Regulatory and Development Authority (Irda) has sought the Life Insurance Council's views on a revised draft of the proposed new guidelines for IPOs by insurers. Sources said the insu ....

LIC wants to open S'pore arm, to apply for licence

Saturday 08, October, 2011 - State-run Life Insurance Corporation of India (LIC) will seek licence from the Singapore government to set up a subsidiary to sell policies. In 2009, LIC had sought the approval from the Singapore ....

Irda may allow banks to sell products of 2 insurers

Saturday 08, October, 2011 - Sector regulator Irda today said it is considering a proposal to allow banks to sell products of two insurance companies each in life and non-life categories, a move that will help increase penetratio ....

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