Cell phones as catalyst for an insurance revolution

The Insurance Regulatory and Development Authority (IRDA) estimates that the total life policies in force as of end of March ‘11 is about 25.32 crores. It means that majority of our population has no insurance cover of any kind. A significant section of this population base in vulnerable and there is a need to take life insurance services to them. Read more

Delayed listing of State Owned Insurance Companies by Government

Government of India recently postponed its decision with regard to the listing of four State owned General Insurance Companies with the Stock Exchanges. The reason quoted by the Finance Ministry is that the financial healths of these companies are not sound to exert a pull on the investors. Read more