MetLife likely to raise stake in life insurance venture with PNB
US insurance major MetLife, Inc is considering buying additional stake in PNB MetLife India Insurance Company from its Indian partners
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Insurance News
J&K governor approves health insurance scheme for employees and pensioners
The Jammu and Kashmir governor approved a health insurance scheme for its employees and pensioners based on “trust model”. This
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Allianz Global Corporate sets up India reinsurance branch
Allianz Global Corporate and Speciality announced setting up a new India reinsurance branch through which it plans to further expand
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LIC needs to set time-line for reducing IDBI Bank stake
IRDAI has not set any timeline for LIC to bring down its stake in IDBI Bank from the present 51 percent holding
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IRDAI asks insurers to make provisions for IL&FS exposure
Insurance companies will have to make provisions for their exposure to the crippled infra lender IL&FS, industry regulator Irdai said.
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SBI General Insurance Q3 profit up 53%
SBI General Insurance reported a 53 percent rise in net profit at Rs 89 crore for the quarter ending December.
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LIC performs better in grievance redressal
LIC has scored better than private insurers in complaint resolutions in FY18. According to the IRDAI Annual Report 2017-18, released
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General and health insurers seek more exemptions for health insurance and reduction in GST
General and Health insurers want more exemptions in health insurance and reduction in GST in Union Budget 2019-20 in order
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IRDAI to take action against insurers paying high commissions on motor insurance
IRDAI chairman Subhash Chandra Khuntia expressed concern over the practice among motor insurance service providers to offer commissions higher than
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IAG considering stake sale in SBI General Insurance
Insurance Australia Group is considering selling a stake in SBI General Insurance. IAG, currently holds 26% in the general insurer.
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