News Room

New India Assurance takes Orissa govt to High Court

Wednesday 12, January, 2011 - The New India Assurance Co Ltd [NIACL] has moved the Orissa High Court challenging the state government’s order unilateral cancelling a work order awarded to it to implement of health insurance sche ....

Private life insurers fail to meet break-even targets

Wednesday 22, December, 2010 - The Insurance Regulatory and Development Authority (Irda) has said private life insurers have failed to meet the breakeven targets indicated by them at the time of seeking a licence. However, companie ....

Bharti AXA Life launches Aajeevan Anand

Wednesday 08, December, 2010 - Private sector insurer Bharti AXA Life Insurance today launched Aajeevan Anand plan that provides guaranteed regular payouts after every 5 years and life cover until the age of 100 years. "Aajeeva ....

Ulip-wary investors upset cos' premium growth plans

Saturday 27, November, 2010 - For the first time in several years, the life insurance industry has reported a drop in the renewal premium. For the first half of the current fiscal, life companies have reported a renewal premium i ....

LIC gets RBI nod to issue pre-paid cards to clients

Saturday 06, November, 2010 - In a move that will create a new business opportunity for India’s largest insurer, the Life Insurance Corporation of India’s card division has received permission to issue pre-paid cards into whic ....

Irda bans universal life plans

Friday 22, October, 2010 - The Insurance Regulatory and Development Authority (Irda) has announced an overnight ban on all universal life insurance plans (ULPs). The regulator has told insurance companies that all current unive ....

Aegon Religare targeting Rs 500 crore premium in 2010-11

Friday 08, October, 2010 - Adopting a multi-pronged strategy, Aegon Religare Life Insurance Company is targeting a total premium of Rs 500 crore this fiscal. The strategy encompasses raising capital, cutting costs, increasi ....

IRDA stops insurers from providing credit default insurance

Wednesday 29, September, 2010 - The Insurance Regulatory and Development Authority (IRDA) has asked the general insurers to stop giving credit default insurance, a cover which is provided to banks against payment default by borrower ....

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