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The Life Insurance Corporation (LIC) of India has come under the scanner in Chhattisgarh for allegedly committing serious financial irregularities in a scheme meant for poor people. Read more
When we talk about insurance, we normally associate it with life insurance. It has captured a huge mindshare due to the saturation coverage that the media has given it. Of late, a lot of newsprint has also been devoted towards medical insurance policies – normally referred to as ‘mediclaim’.
Read moreThe Insurance Regulatory and Development Authority’s (IRDA) new policies have brought much relief to the senior citizens with the age limit raised to 65 years.
Read moreThe draft health insurance regulations released last week by the insurance regulator although lauded by policyholders, senior citizens and consumer activists for being pro-customer, may pose several challenges for insurance companies.
Read moreFor a medical insurance claim settlement, a disease cannot be said to be pre-existing unless it has been certified so by a doctor on the basis of tests prior to the purchase of a policy, a consumer forum has held.
Read moreThe Insurance Bill is back on the table, the finance ministry is considering a hike in FDI cap in the insurance sector to 49%.
Read moreSBI General Insurance has acquired over 10,000 customers in Thiruvananthapuram during its first full year of operations. The company’s premium income across the corporate, SME and retail segments during this period was Rs 7.54 crore. Read more
Reliance Life, the life insurance arm of ADAG’s Reliance Capital, says it is busy integrating the best practices of Nippon Life, its new partner. Malay Ghosh, president and executive director, talks to Niladri Bhattacharya about it. Edited excerpts:
Read moreBharti AXA Life launched a brand new advertisement campaign on their latest product “Bharti AXA Life Young India Planâ€. The campaign centres on the predicament of the young adults when they are faced with additional responsibilities and expenses at key lifestages such as marriage or childbirth.
Read moreThe General Insurance Corporation, India’s sole re-insurer, has posted a net loss of Rs 2,490 crore in the fiscal ended March 2012, the first ever in its 40-year history. Gross premium of the corporation grew 16 per cent to Rs 13,618 crore. Thirty-nine per cent of the income was from foreign markets.
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