News Room

General insurers offer beefy discounts, IRDA on the alert

Monday 31, October, 2005 - Earlier this month, Reliance Industries Ltd (RIL) and Indian Airlines (IA) walked off with a huge discounts of 10-15% and 28%, respectively in their 2005-06 insurance renewals. Another Mukesh Ambani c ....

MetLife ties up with PNB

Saturday 29, October, 2005 - Bancassurance is new mantra for the insurers. After Max New York Life tying up with the Pune's Shree Suvarna Sahakari Cooperative Bank, it is now MetLife?s turn. The company has tied up with Punjab Na ....

LIC to boost up rural market

Thursday 29, September, 2005 - LIC has turned its attention to the rural market. It now intends to provide health insurance along with life insurance cover. It will be covered under the microinsurance schemes. Moreover there will b ....

A profit of Rs 2000 crore for LIC

Thursday 29, September, 2005 - LIC has been able to garner a trading profit of Rs 2000 crore till 15 September 2005. It now expects to invest a higher portion of investible funds in equities. The industry sources said it intends to ....

Bajaj Allianz, the second largest private insurer

Thursday 29, September, 2005 - Bajaj Allianz was incorporated in March 2001 and within four years it has achieved great heights. It has proved this with its recent performance. Having increased its market share of life insurance pr ....

Rs 1200 crore added by ICICI-Prudential Life this fiscal

Thursday 29, September, 2005 - ICICI-Prudential Life insurance has added Rs 1,200 crore in the current fiscal. By this it has crossed the Rs 5,000 crore mark in funds under management.. The company?s retail market share now stands ....

New role for TAC

Thursday 29, September, 2005 - It will be good news for insurers and the common man when general insurance premium will get detariffed. Once detariffing comes into force, Tariff Advisory Committee (TAC) will keep a track of any dev ....

Max India pumps in money

Thursday 29, September, 2005 - To say that the Indian insurance market was booming would be an understatement. The plethora of insurers entering the market every other day indicates the interest worldwide insurance companies have i ....

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