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Tata AIG Life Insurance Company Limited today announced the launch of two new products – Tata AIG Life Insurance InvestAssure Gold Supreme, a non-participating Whole Life Unit Linked Insurance plan and Tata AIG Life Insurance InvestAssure Maximizer, a non participating Endowment Unit Linked Insurance plan. Read more
Edelweiss Tokio Life Insurance Company Limited, a joint venture life insurance company promoted by Edelweiss Capital Limited and Tokio Marine and Nichido Fire Insurance Company, Japan has been registered as a Life Insurer under Section 3 of the Insurance Act, 1938 with the Authority. Read more
Owing to exceptionally high costs for natural catastrophes, Munich Re posted a consolidated loss of €948m for the first quarter of 2011 (previous year: profit of €485m). Despite this quarterly loss, Munich Re still expects to record a profit for the current financial year. Read more
 Present in Tamil Nadu through close to 250 outlets of its partner banksÂ
 Generated a total business of Rs. 25 crores from Tamil Nadu in its first 500 days of operations through Bancassurance
 Advisors to contribute 30- 40 percent of the business over a period of 3-4 years with the launch of the FPC Read more
Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today announced a record profit growth of 42 per cent. Profit after tax for FY 2010-11 stood at Rs. 101 crores, up from Rs. 71 crores the previous year. Read more
In a first of its kind initiative by a Life Insurance company in India, Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) today launched a programme to enable life advisors and employees in advisory roles become Certified Personal Financial Advisors (CPFAs). National Institute of Securities Markets (NISM), an educational initiative by the Securities and Exchange Board of India (SEBI) will provide curriculum and knowledge support to Kotak Life Insurance.
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Swiss Re reports a net loss of USD 665 million for the first quarter of 2011, compared to a profit of USD 158 million in the same period of 2010. Property & Casualty was impacted by a very high level of natural catastrophe claims, including the earthquakes in Japan and New Zealand and the floods in Australia. Read more