Category: News

Latest news in India about finance, banking and insurance

New India to launch premium health policy shortly

Leading state-run general insurer New India Assurance Company today said it will soon launch a new premium Mediclaim product as a part of its efforts to resolve the issue over the cashless health cover, which the state-run players had discontinued early July alleging inflated billing by hospitals.

Rs2,800 crore for LIC of India policyholders

Life Insurance Corporation Chairman TS Vijayan today said the life insurance major will pass on the tax benefits from the proposed Direct Tax Code to the new policyholders. “We will pass on the DTC benefits to the policyholders,” Vijayan told an insurance summit organised by industry body Assocham here today.

SBI Life Insurance launches new ULIPs

Leading the array of Unit Linked Life Insurance Plans (ULIPs) being introduced, SBI Life, the leading new generation life insurer, has launched Smart Performer and Unit Plus Super. These products are part of the new range that would address long term wealth-creation and protection needs of varied customer segments.

Fuel price hike inevitable: Govt

State-run fuel retailers struggle to find funds for expansion, says oil min he government on Monday asserted that the price hike in auto and cooking fuel was inevitable and refuted charges that the government raised fuel prices despite state-owned retailers posting profits last fiscal.