News Room

Oriental Insurance eyes 17% growth in this fiscal

Monday 27, September, 2010 - The Oriental Insurance Company Limited has targeted a premium income of Rs 5,470 crore for the financial year 2010-11 with a growth rate of 17% for the year. “Last financial year we had complete ....

IRDA says will follow HC direction on cashless facility

Thursday 12, August, 2010 - Insurance regulator IRDA today said it will follow the Delhi High Court's direction to take steps on resuming cashless facility to policyholders provided by four PSU general insurers. "Now that HC ....

IRDA not to change ULIP norms, despite industry concerns

Wednesday 11, August, 2010 - Insurance regulator IRDA on Wednesday said it will not tweak its proposed guidelines on unit-linked insurance products (ULIPs) even as the industry fears that the norms, to be effective from next mont ....

IndiaFirst Life Insurance crosses 1 lakh policies landmark

Tuesday 10, August, 2010 - IndiaFirst Life Insurance, a joint venture between Bank of Baroda and Andhra Bank along with UK’s leading risk, wealth and investment company Legal & General, has announced that it has crossed the 1 ....

New ULIP guidelines may impact insurers' profitability: IRDA

Monday 09, August, 2010 - The insurance sector regulator IRDA today said profitability of insurance companies will be impacted with its new guidelines for unit-linked plans, which invest part of funds in equities. The regu ....

DLF seeks Indian partner for insurance JV

Wednesday 28, July, 2010 - India’s largest real estate firm DLF is likely to bring in a strategic Indian investor in DLF Pramerica Life Insurance, its insurance joint venture with US-based Prudential International Holdings. ....

PNB to decide about entry into life insurance in next 3 mths

Friday 23, July, 2010 - Punjab National Bank has set up a committee to evaluate the prospects of entering the life insurance business after its earlier attempt to enter the sector along with US-based Principal fell through. ....

L&T General Ins gets regulatory nod to start business

Tuesday 20, July, 2010 - L&T General Insurance Company has received final approval from the insurance regulator to commence business. The company is promoted by the $9.8-billion engineering company, L&T, which controls 100% e ....

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