Mr G Murlidhar appointed as the Managing Director of Kotak Life Insurance
Mr. G Murlidhar has been appointed as the Managing Director of Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance). Read more
INDIAN INSURANCE NEWS
CERC Pleads for Insurance Ombudsman at Ahmedabad
Consumer Education and Research Centre (CERC), Ahmedabad, has urged the Insurance Regulatory and Development Authority (IRDA), Hyderabad, to appoint an Ombudsman at Ahmedabad urgently as the post has been vacant since September 2010. Read more
Tata AIG Life posts net profit of Rs 51.79 crore in FY 2010-11
Tata AIG Life Insurance Company Limited (Tata AIG Life) today declared its financial results for the year 2010-11 posting a net profit of Rs 51.79 crore.
Read moreMukesh Ambani buys entire stake in Bharati Axa Insurance
Mukesh Ambani jumped into the insurance bandwagon by buying 74 per cent stake in general and life insurance businesses of Bharati Axa Life and General insurance for around 3000 crores.
Read moreSelling of General Insurance policies through Kirana Stores
In order to take insurance products to the doorsteps of customers, the Insurance Regulatory and Development Authority is giving finishing touches to guidelines for “monoline†insurance agents — agents who will be authorised to sell only one simple insurance product. Read more
HDFC Life Launches Sampoorn Samridhi Insurance Plan
HDFC Life, one of India’s leading life insurance companies, today launched Sampoorn Samridhi, a ‘with profit’ traditional product. Sampoorn Samridhi is a product that offers the benefits of both an Endowment Plan and a Whole Life Plan.
Read moreHDFC Life wins the CISO 100 Awards 2011
HDFC Life, one of India’s leading private life insurance companies, has been awarded the Top 100 CISO Awards 2011, for demonstrating outstanding performance in its information security and technology practices. Read more
First India-specific report on Ultra HNIs Insights into the earnings, investment and spending patterns launched
Kotak Wealth Management, pioneer and leader in the wealth management industry in India and CRISIL Research, India’s largest independent and integrated research house, launched the ‘Top of the Pyramid’ report recently. This unique report analyses the earnings, investment and spending patterns of Ultra High Net Worth Individuals (UHNIs) in India. Read more
Indian life insurance growth story still intact
A recent survey of the senior executives in the Indian life insurance industry carried out by Milliman suggests that the long-term growth story of the sector is still intact. Despite a sharp fall in new business volumes for the private sector players during FY10-11 following the recent changes to unit- linked guidelines, the survey suggests that senior executives expect a turnaround during FY11-12.
Read moreING Life announces healthy bonus rates on its products
ING Life India, in its 10th year of operations, today declared healthy bonus rates for its traditional products, rewarding its customers with handsome gains. The company declared 8.75% on its flagship pension product, Best Years and New Best Years, better than its 5 year average of 8.23%. Read more