Insurance News

The insurance regulator has banned life insurers from offering indemnity-based health products, which constitute 90% of the health insurance market

The company sold 3.60 lakh insurance policies while it collected fresh premium to the tune of Rs 914 Crore in the last financial year, said Sahoo.S

IndiaFirst Life Insurance today announced a partnership with Nainital Bank for distribution of its products. "This tie-up will help

The 24-member Indian life insurance industry closed the first quarter of the current fiscal with a new business premium of Rs 31,392.55 c

Max Life Insurance, one of India’s leading non-bank promoted private life insurers, a joint venture between Max Financial Services Ltd and Mi

Selling insurance polices through the e-commerce model will benefit consumers and companies alike as it would offer real-time connect and unleash d

ICICI Bank's life insurance business is expected to file its prospectus for public listing on Friday. The initial public offering (IPO) of ICIC

The reinsurance section in the life insurance segment is set to see more action in the near future, with more entities showing interest. Reinsuranc

SBI Life Insurance has launched higher income individual focused market-linked Life Insurance plan - Smart Privilege. The product provides bot

IndiaFirst Life Insurance today said it has partnered IFMR Rural Channels and Services Private (IRCS) for distribution of policies in remote rural

Repositories are likely to see slow business in the initial phases of digitisation of insurance policies, which will become mandatory above a thres

ICICI Prudential Life Insurance Co. Ltd is likely to launch its Rs.6,000 crore initial public offering (IPO) by September, according to two pe

PSU lender Bank of India has sold 18% stake in its life insurance venture Star Union Dai-Ichi Life insurance to Japan's largest life insurer Da

Exide Life Insurance today announced that they have signed India's ODI and T20 cricket captain Mahendra Singh Dhoni as a brand ambassador. &quo

Max Financial Services shares extended their rally on Monday after HDFC Life and Max Life opened merger talks. Max Financial Services jumped as muc

Private life insurers HDFC Life and Max Life, which have entered into an agreement for a proposed merger, have said the cultural fit between the tw

HDFC Standard Life Insurance's deal with Max Financial Services has effectively killed the possibility of what would have been the first initia

Life Insurance Corporation of India (LIC) has seen an improvement in its persistency ratios for the year ended March 2016 as compared to the previo

Pramerica Life Insurance today said it has forayed into health insurance business with the launch of dengue protection policy. "Pramerica Life

Regulator IRDAI on Tuesday proposed norms for selling and servicing of insurance policies through e-commerce platform with a view to increase insur

Non-life insurers are bullish about Pradhan Mantri Suraksha Bima Yojana (PMSBY) and have drawn up ambitious plans to bring in more people under the

A Division Bench of the Kerala High Court has held that the insurer is liable to provide third party insurance cover to a new owner of a used vehic

Canara HSBC Oriental Bank of Commerce Life Insurance Company has launched two new products -- Assured Nivesh Plan and Smart Suraksha Plan, both des

ICICI Prudential Life Insurance has appointed Bank of America Merrill Lynch (BofA-ML) and ICICI Securities as lead investment bankers for its initi

Life Insurance Corporation of India (LIC) has held on to its position as a brand that customers are most loyal to, but it is fast losing

Amid a lot of political drama, the Modi government had cleared the Insurance Law Amendment Bill, lifting foreign direct investment ceiling in insur

Birla Sun Life Insurance (BSLI), the life insurance arm of Aditya Birla Financial Services Group, is looking at 13-14 percent growth in individual

Birla Sun Life Insurance (BSLI), the life insurance arm of the Aditya Birla Financial Services has announced the launch of BSLI SecurePlus Plan. Th

From April 1, open architecture for bancassurance came into existence. In less than two months, a handful of public sector banks (PSBs) Andhra Bank

Life Insurance Corporation, often accused of being a passive investor, is beginning to exploit its ownership to expand its own business which is be