Life insurers’ premium collection rises 2.3%

The premium collections of life insurers stood almost flat with just a 2.3 cent rise in October at Rs 6,851 crore, compared to the corresponding month last year, according to data from Insurance Regulatory and Development Authority (IRDA). While the new business premiums of private life insurers were marginally down with a one per cent drop in October, compared to October 2011, Life Insurance Corporation of India (LIC) saw a four per cent rise. Read more

Edelweiss Tokio Life Insurance gets initial approval from IRDA

January 11, 2010, Mumbai: Edelweiss Tokio Life Insurance Company Limited, a joint venture between the Edelweiss Capital Limited (Edelweiss), one of India’s leading financial services conglomerates, and Tokio Marine, one of the world’s largest Insurance groups headquartered in Japan; has received the initial R1 approval from the Insurance Regulatory & Development Authority (IRDA). Read more