Thursday October 2, 2014
Life Insurance Corporation (LIC) has received more than Rs 11,500 crore in income tax refunds and a big chunk of the amount would be passed on to policyholders, an official said.
India | Press Trust of India | Friday September 26, 2014
Union Agriculture Minister Radha Mohan Singh in Bhopal today said that the Centre will bring out new crop insurance policy by removing shortcomings in the current policy and provide Soil Health Cards to all farmers in the country in next three years.
Sunday August 24, 2014
The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received FDI worth $945 million during April-June 2013, Department of Industrial Policy and Promotion data showed.
Wednesday August 20, 2014
IRDA also said insurance companies should provide a facility in the website to enable policyholders or dependents to find out if any unclaimed amount due are lying with the insurer.
Tuesday August 12, 2014
However, the policy has to be renewed every year in case of own-damage cover. Own-damage cover the risk pertaining to damage of vehicle due to accident.
Tuesday July 22, 2014
Malaysia Airlines' two crashes in less than five months are sending tremors through the aviation insurance market - not least because the carrier's $2.25 billion overall liability policy is mysteriously missing a standard clause that usually limits i...
Thursday July 10, 2014
It commended several of the reforms put forth, especially lifting the foreign direct investment (FDI) cap in insurance, as well as policy reforms to reduce transfer pricing challenges and encourage infrastructure investment.
Saturday June 21, 2014
He said it will be launched soon across the country as the existing scheme has not proved to be beneficial to the farmers. Details will be unveiled during the Budget session of the Parliament, he added.
Thursday June 19, 2014
Seeking to safeguard interest of customers, the Insurance Regulatory and Development Authority (Irda) has made it mandatory for agents to provide full details in a transparent manner before persuading policyholders to shift to another life insurance ...
Tuesday June 10, 2014
The Insurance Regulatory and Development Authority (IRDA) on Tuesday said the pilot project for digitisation of insurance policies would start from July 1.
Thursday June 5, 2014
The Reserve Bank of India (RBI) on Thursday said overseas investors, including foreign portfolio investors (FPIs) and non-resident Indians (NRIs), can invest up to 26 per cent in insurance and allied activities through the automatic route.
Wednesday May 28, 2014
Life insurers including state-run behemoth Life Insurance Corporation (LIC) are finding themselves in a tricky situation over a new regulatory requirement of mandatorily seeking customer bank account details at the time of new policy sales, as premiu...
Saturday May 17, 2014
There might be cases where a person does not need life insurance at all. It could happen when one does not have dependents or when one's net assets are enough to take care of the family's needs.
Sunday April 6, 2014
The services sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received FDI worth $4.66 billion during April-January 2013, according to data from the Department of Industrial Policy and Promotion.
Offbeat | Associated Press | Sunday March 16, 2014
An unnamed Silicon Valley billionaire has purchased the world's most valuable life insurance policy, worth $201 million.
Wednesday March 12, 2014
SBI Life Insurance will appeal against an order by the Insurance Regulatory Development Authority (Irda) directing the private sector life insurer to refund Rs 275 crore to policy holders.
Saturday February 22, 2014
Everyone knows that money needs to be invested somewhere and not just saved. Like everything else, we make mistakes even while investing.
Tuesday January 21, 2014
Worried about the groom getting cold feet? There's an insurance policy for that.
Thursday January 9, 2014
A single comprehensive policy covering basic insurance requirements like life and health will help penetration of insurance products as multiple policies for various covers are cumbersome, Insurance Regulatory and Development Authority (Irda) chief T...
Sunday January 5, 2014
Under the existing bancassurance guidelines, a bank can act as a corporate agent and sell policy of one life insurer and one non-life insurance company.