Every day we read of accidents in the newspapers and thank our stars that we are not the victims. We do not pause to think of the repercussions, if we were ever to be in that situation. Accidental death or…
Bharti AXA General Insurance Awarded Best Private Insurance Company for General Insurance in India
Bharti AXA General Insurance (GI) Company, one of the fastest growing multi-line general insurance companies in India, was awarded Best Insurance Company in the Private Sector – General, by the World HRD Congress at the ABP BFSI Awards, 2014. The…
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LIC saves government’s divestment programme from disaster
Life Insurance Corporation of India (LIC) saved government’s divestment programme from disaster by investing up to 11,000 crore in public sector companies last year. According to the finance ministry statistics, LIC accounts about 43 percent of the Rs 25,000 crore raised by the government from four share issues.
Videocon, Liberty to form insurance JV
Mumbai-based Videocon Industries is set to enter the financial services sector by forming a non-life insurance joint venture with Liberty Mutual Group based in Boston, Massachusetts. Videocon, the flagship of the $5-billion Videocon Group,
ING Life launches ‘ING Prospering Life’
NG Life India today launched its versatile new Unit Linked Insurance Product (ULIP), which meets the wealth accumulation and protection needs of customer.
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.
Policies valid despite withdrawal of agency licences: IRDA
Insurance regulator IRDA today sought to assure customers that their policies would remain valid despite the withdrawal of licences of over 4,200 corporate entities, including HDFC Bank, Indiabulls Insurance Advisors and Indian Overseas Bank.
IRDA to regulate telemarketing of insurance
The Insurance Regulatory and Development Authority (Irda) has now proposed to streamline the promotion of insurance products through distance sales channels, such as the telephone and the internet.
LIC’s Jeevan Saral (ATM Plan)
LIC of India’s Jeevan Saral is a unique life insurance plan having good features of the conventional plans and the flexibility of unit linked plans. Jeevan Saral offers Higher Cover, smooth returns, good liquidity and a lot of flexibility.