News Room

Pension plans give new life to insurers

Tuesday 13, February, 2007 - More people are planning for their old-age, at least, in terms of contribution as premium for pension policies. Data released by IRDA suggests that Indians are increasingly contributing a larger chunk ....

LIC to launch children plans

Wednesday 07, February, 2007 - The state insurer, Life Insurance Corporation of India (LIC) will be launching two children plans-Child Career Plan and Child Future Plan on 8th February. These two plans are MoneyBack With-Profit ....

Public sector general insurers lose 9% market share

Wednesday 07, February, 2007 - When it comes to life insurance sector, Life Insurance Corporation (LIC) leads the market and from the present statistics it can be said that it is regaining its the lost market share. However, on the ....

IRDA to take a new move

Friday 02, February, 2007 - Insurance companies have a reason to be glad. The Insurance Regulatory and Development Authority (IRDA) has reduced the waiting period for life insurance companies for offering products. Initially, li ....

Micro insurance may be let off from service tax

Wednesday 31, January, 2007 - With the Union Budget just round the corner, micro insurance may be in for some good news. The government is planning to exempt micro insurance products from the service tax net. Microinsurance pr ....

Promoters of ICICI Pru infuse capital

Tuesday 09, January, 2007 - The promoters of ICICI Prudential Life Insurance -ICICI Bank and Prudential Plc. have infused an additional capital of Rs. 230 crore. With this infusion, the Company’s capital base now stands at Rs. 1 ....

led group bags AI insurance cover

Thursday 29, June, 2006 - Private sector insurance companies have failed yet again to bag the insurance cover for Air India, which will pay a premium of $15 million for insuring its fleet during the current year. A consortium ....

RBI says banks must make full disclosure

Thursday 29, June, 2006 - Banks will have to make full disclosure in their balance sheet on their derivative transactions. Besides profit and loss arising out of derivative transactions, the disclosure should include the nat ....

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