News Room

As equity markets rally, Ulip surrenders rise

Friday 06, June, 2014 - There has been an increase in the surrender of equity-backed unit-linked insurance products (Ulips), owing to the surge in the stock market. Also, renewals of such products have dropped significantly ....

Non-life premium income rises 6.7% to Rs 8,421 cr in April

Sunday 01, June, 2014 - Premium income of non-life insurers grew by 6.73 per cent to Rs 8,421.45 crore in April this year, according to data of insurance sector regulator Irda. Public sector non-life insurers registered a ....

Bancassurance issue: Life insurers move towards non-bank distributors

Thursday 29, May, 2014 - Life insurance companies are looking to engage with non-bank distributors, in the backdrop of a lack of clarity on the delay in implementation of the bank-as-broker model and the need to expand their ....

HDFC Life set for global foray

Wednesday 28, May, 2014 - Private insurer HDFC Life has got permission to set up a subsidiary in the West Asia region, from the Insurance Regulatory and Development Authority (Irda), the regulator. With this, HDFC Life migh ....

Chidambaram asks PSU non-life insurance firms to improve market share

Tuesday 13, May, 2014 - Finance Minister P Chidambaram has asked state-run insurers to increase their market share and stressed the need to enhance insurance penetration to attain global levels in a reasonable time frame. ....

ING Vysya Life renamed as Exide Life Insurance

Tuesday 06, May, 2014 - More than a year after the ING Group exited the life insurance business in India by selling its 26 per cent stake to Exide Industries, the name of ING Vysya Life Insurance Company Limited has been cha ....

Insurance regulator seeks expert to streamline processes

Sunday 27, April, 2014 - Insurance sector regulator Irda is seeking an information technology consultant to help it to streamline processes and lower the cost of compliance. The Insurance Regulatory and Development Authori ....

Life insurance products rule online purchases: Study

Tuesday 22, April, 2014 - Life insurance has been ranked as the most popular financial product to be bought online, according to a study by Max Life Insurance and Nielsen. In a survey across metros and smaller cities, it wa ....

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