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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