India Insurance News

Edelweiss Tokio Life Insurance awarded Best Life Insurer 2016
New Delhi , Feb. 6 : Edelweiss Tokio Life Insurance, the joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan, has been conferred the Winner - Best Life Insurer 2016, at the prestigious Outlook Money Awards. The annual award ceremony in its 15th year was held in Mumbai on January 24, 2017, and was graced by Member of Parliament, Dr. Murli Manohar Joshi. Read Full Story

Future Generali India Insurance ties up with Bank of Maharashtra
New Delhi , Jan 30 : Future Generali India Insurance company ltd., a joint venture between Future Group - the game changers in Retail Trade in India and Generali a 186 years old global insurance group, has entered into a corporate agency tie-up for its products with Bank of Maharashtra, one of the leading Public Sector banks in India. With this association, the banks' customers will be able to avail motor, home, shopkeeper and rural insurance products at any of the 1,896 branches of the bank. Read Full Story

ICICI Prudential Life plans to focus on expansion through protection business in India
Mumbai, Jan 24 : India's only listed life insurer, ICICI Prudential Life Insurance Company Ltd. (ICICI Prudential Life), a joint venture between ICICI Bank Ltd and Prudential Corporation Holdings Limited, reported its performance for the period ended December 31, 2016 on Tuesday. Read Full Story

HDFC ERGO launches trade credit insurance policy securing trade receivables
New Delhi , Jan 9 : HDFC ERGO General Insurance Company, India's third largest non-life insurance provider in the private sector, announced the launch of its new policy for corporate, the Trade Credit Insurance Policy. Read Full Story

Tata AIA Life announces 'Revive' to give customers opportunity to reinstate lapsed insurance policies
Mumbai (Maharashtra) [India], Nov. 2 (ANI- Business Wire India): Tata AIA Life Insurance today announced the launch of 'Revive', an initiative to reinstate lapsed insurance policies. Read Full Story

Exide Life Insurance announces launch of Exide Life Sanjeevani
Bangalore (Karnataka) , Oct.7 (ANI-Businesswire India): Exide Life Insurance, an established and profitable Life Insurance Company, today announced the launch of Exide Life Sanjeevani. Exide Life Sanjeevani is first fixed benefit health insurance solution by a life insurance company offering comprehensive coverage against all prevalent Heart and Cancer related conditions. Read Full Story

HDFC ERGO's first-of-its-kind community portal for consumers on general insurance
Mumbai , Sept.21 : HDFC ERGO General Insurance Company, India's leading private sector General Insurance Company, showcased the new comprehensive web enabled HDFC ERGO Community portal - accessible at https://community.hdfcergo.com/ - for the consumers and the stakeholders of general insurance sector. Read Full Story

HDFC ERGO General Insurance Company acquires L and T General Insurance Company
Kolkata, Sept 9 : HDFC ERGO General Insurance Company Limited (HDFC ERGO), a private non-life insurance company, has completed the acquisition of 100pc shares of L and T General Insurance Company Limited (L and T Insurance) for Rs. 551 crores. Read Full Story

Coverfox.com, BBH India tie up to engage people renew their insurance
New Delhi, July 5 : India's leading online insurance portal Coverfox.com launched humorous microfilms to engage people to renew their insurance through a campaign created by BBH India. Read Full Story

Bajaj Allianz Life maintains profitability, posts 105pc growth in financial inclusion segment in FY16
Pune, June 9 : Private life insurers, Bajaj Allianz Life Insurance has reported nearly 7pc growth in new business to Rs 2,885 crore in financial year 2015-16, as against Rs 2,702 crore in FY15. Read Full Story

HDFC ERGO launches interactive forum to solve consumer queries
New Delhi, May 11 : HDFC ERGO General Insurance Company, one of India's leading private sector general insurance companies, has announced the launch of a one of its kind 'community' platform for public. Read Full Story

Muthoot Finance launches 'Home Protector' Scheme
Kochi, Apr 7 : Muthoot Finance has joined hands with Liberty Videocon General Insurance to provide a comprehensive home insurance policy 'Muthoot Home Protector' for its customers, with premium starting at Rs. 500. Read Full Story

SBI Life introduces women centric life insurance plan
Mumbai, Mar 7 : SBI Life Insurance, on the occasion of International Women's Day, launched 'SBI Life-Smart Women Advantage' plan, a women centric insurance plan, specifically crafted keeping in mind the needs of a woman. Read Full Story

Kotak Life Insurance launches Kotak Premier Life Plan
Kolkata, Jan 28 : Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance), on Thursday announced the launch of Kotak Premier Life Plan. Read Full Story

Axis MF launches Axis Equity Saver, multi-asset open ended equity fund
New Delhi, July 24 : Axis Mutual Fund, one of the premier asset management companies in India, announced the launch of Axis Equity Saver Fund, an open ended equity scheme which would endeavour to generate capital appreciation and income distribution, by investing in multiple asset classes-equity, hedged equity (arbitrage opportunities) and debt. Read Full Story

Peerless Funds Management unveils Beti Shiksha Abhiyaan
Kolkata, July 8 : Peerless Funds Management Co Limited (PFMCL), Investment Manager to Peerless Mutual Fund, on Wednesday announced Beti Shiksha Abhiyaan-a first of its kind corporate initiative to empower the daughters of the country.
Read Full Story

HDFC Life launches HDFC Life Cancer Care
Kolkata, June 8 : HDFC Life, India's leading long term private life insurance solutions provider on Monday announced the launch of HDFC Life Cancer Care, a health plan that provides financial support on diagnosis of early or major stages of cancer. Read Full Story

Star Union Dai-ichi Life Insurance launches 'SUD Life Assured Income Plan'
New Delhi, May 19 : Star Union Dai-ichi Life Insurance Company Limited (SUD Life) announced the launch of 'SUD Life Assured Income Plan'-non-linked non-participating Guaranteed Return Endowment Assurance Plan which offers customers the best of both the worlds. Read Full Story

Bharti AXA General Insurance launches 'SmartTraveller'
Thriuvanathapuram, Apr. 2 : Bharti AXA General Insurance (GI) Company Ltd. has launched 'Smart Traveller' that offers global coverage for students, individuals, families and frequent travellers. Read Full Story

Aviva Life Insurance launches Aviva Extra Cover
New Delhi, Mar 24 : Aviva Life Insurance, on Tuesday, announced the launch of Aviva Extra Cover - a combination of two of its online plans, Aviva i-Life (term) and Aviva Health Secure (critical illness). Read Full Story

Max Life records New Business Premium Growth of 14pc
New Delhi, Feb 5 : Max Life Insurance, a life insurance company, continued its growth journey during the first 9 months of the Financial Year 2014-15. Read Full Story

SBI Life Insurance posts net profit of Rs. 156 crores in Q3 FY14-15
Mumbai, Feb 3 : SBI Life Insurance on Tuesday announced a net profit after tax of Rs. 156 crores for the quarter, an increase of 43pc . Read Full Story

Max Life Insurance launches digital campaign for public awareness
Kolkata, Jan 22 : Max Life Insurance, one of India's leading life insurance companies, has undertaken a digital campaign named 'Second Chance' to create public awareness about the need for protection through life insurance. Read Full Story

Future Generali posts profit of Rs. 28.4 cr
Kolkata, Mar 13 : Future Generali India Insurance, a joint venture between Future Group - the leading retailer of India and Generali - the global leading insurer, has posted a profit of Rs. 28.4 crore for 9 months ended December 31, 2013. Read Full Story

RSBY launched in Karnataka
Bangalore, Feb 18 : Future Generali India Insurance, a global insurance group, on Tuesday announced that it launched the Rashtriya Swastha Bima Yojana (RSBY) programme in Amalapur, Bidar District, Karnataka on Sunday. Read Full Story

Aviva launches a new TVC with Sachin
Mumbai, Feb 12 : Aviva Life Insurance on Wednesday announced the launch of their new TVC with their brand ambassador Sachin Tendulkar. Read Full Story

Reliance Insurance launches Super Money Back Plan
Kolkata, Feb 5 : Reliance Life Insurance, which is a part of the Reliance Capital, has launched 'Reliance Super Money Back Plan' that provides periodic guaranteed money back pay-outs and a monthly income along with life cover. Read Full Story

Reliance launches new life insurance policy
New Delhi, Jan 28 : Reliance Life Insurance, part of Reliance Capital, has launched its new offering 'Reliance Super Money Back Plan', a traditional non-participating plan that provides periodic guaranteed money back pay-outs and a monthly income along with life cover. Read Full Story

Ideal Insurance hosts workshop for women entrepreneurs
By Anuradha Dutta, Kolkata, Jan 15 : Insurance agency, Ideal Insurance recently hosted the workshop, 'Women Entrepreneurs-The Game Changers', to provide guidance to women entrepreneurs on skills required to overcome work stress and challenges, consolidate and scale-up a business and maintain balance between professional and personal life, here. Read Full Story

HDFC Life launches Super Income Plan
Mumbai, Jan 13 : Long term private life insurance solutions provider HDFC Life, on Monday announced the launch of 'HDFC Life Super Income Plan', a new traditional, with profits plan under the savings category. Read Full Story

Future Generali Pearls Guarantee launched
Kolkata, Oct 10 : Future Generali India Life Insurance Company, the insurance joint venture between Future Group of India and Generali Group of Italy, has launched Future Generali Pearls Guarantee, a non-linked, non-participating life insurance plan with limited premium payment term and guaranteed cash back. Read Full Story

RLIC initiates drive to fight spurious calling
Kolkata, July 24 : : Reliance Life Insurance Company (RLIC), which is a part of Reliance Capital Limited, has embarked upon a pan-India drive to fight against spurious calling by fraudsters and miscreants. Read Full Story

Insurance sector hopes for major transition
Kolkata, July 7 : After facing a number of challenges in recent years, the insurance sector is confident that 2013 is likely to be a year of transition and will be determined by the views and strategies of individual companies. Read Full Story

Credit Sudhaar ties up with TATA AIG
Kolkata, 20 June : Credit health improvement company Credit Sudhaar has tied up with general insurance company TATA AIG to introduce its Titanium service which will offer unique insurance plans to cover daily lifestyle related worries of its clients. Read Full Story

Aviva campaigns for street children
New Delhi, Apr 12 : Aviva Life Insurance on Friday urged people to raise their voices for street children through 'Louder Together'- a campaign with their global charity partners, the Consortium for Street Children to establish an annual International Day for Street Children on Apr 12 each year. Read Full Story

IndiaFirst Life grows at 34pc
Mumbai , Apr 8 : Leading life insurance company IndiaFirst Life on Monday announced it has reported a growth of 34pc in FY 2012-13. Read Full Story

BSLI launches Vision Regular Returns Plan
New Delhi, Mar 26 : Birla Sun Life Insurance (BSLI), the life insurance arm of the Aditya Birla Financial Services Group, has announced the launch of its new traditional participating endowment plan, 'BSLI Vision Regular Returns Plan'. Read Full Story

Chola MS HELP receives ISO certification
Chennai, Mar 6 : Cholamandalam MS General Insurance Company Limited (Chola MS) on Wednesday announced that the company has received ISO 9001:2008 certification for processing and settlement of health claims through Chola MS HELP - its health claims service organization from TUV India. The certification authenticates Chola MS compliance with internationally recognized standards for processing and settlement of cashless and reimbursement health insurance claims and other services offered by Chola MS HELP. Read Full Story

Morgan Stanley launches gilt fund
New Delhi, Feb 14 : Morgan Stanley Mutual Fund announced on Thursday the launch of an open-ended Gilt Scheme 'Morgan Stanley Gilt Fund'. Read Full Story

Future Generali ties up with Zoom
Dharmashala, Feb 6 : Future Generali India Insurance Co. Ltd., the insurance joint venture between Future Group of India and Generali of Italy, has tied up with Zoom Developers Pvt. Ltd. an SCA (Service Centre Agency) to distribute its Micro-insurance products at an affordable cost through 1000+ Common Service Centers (CSCs) delivery outlets of Kangra, Una and Chamba district of Himachal Pradesh. Read Full Story

IDBI Mutual Fund gets SEBI nod for RGESS
Mumbai, Feb 4 : IDBI Asset Management Limited on Monday said it has received SEBI's (Securities and Exchange Board of India) permission for the launch of IDBI Rajiv Gandhi Equity Savings Scheme - Series I (RGESS). Under RGESS a 'New Retail Investor' who has not transacted in equity share through his/ her depository account / derivatives as on November 23, 2012, and having a gross annual income not exceeding Rs 10 lakh, would be eligible for tax savings under Section 80 CCG. Read Full Story

Royal Sundaram launches online vehicle insurance
Royal Sundaram Alliance Insurance Company Limited on Monday announced it has launched its commercial vehicle insurance on the online platform. Read Full Story

Tata AIA Life launches Online Term Insurance
Tata AIA Life Insurance Company Limited (Tata AIA Life) has announced the launch of its Online Term Insurance plan Tata AIA Life Insurance iRaksha Supreme (iRaksha Supreme). Read Full Story

Chola MS launches new health policy
Cholamandalam MS General Insurance Company Limited, a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Company Japan, on Tuesday announced the launch of Chola Tax Plus Healthline Insurance Policy. Read Full Story

Aviva India launches money back plan
Aviva Life Insurance on Tuesday announced the launch of Aviva Dhan Samruddhi- a traditional money back plan with guaranteed returns. Read Full Story

Shriram Life unveils new product
Shriram Life Insurance Company Limited, a joint venture of financial services major Shriram group and Sanlam of South Africa, on Monday announced the launch of 'Shriram Life New Money Back Term Plan'. Read Full Story

Max Life announces maiden dividend
Max Life Insurance, one of the leading life insurance companies in India, on Monday announced its maiden interim dividend of 5.1pc for its shareholders. Read Full Story

L and T Insurance launches new policy
Larsen and Toubro General Insurance Company on Tuesday launched its new health insurance policy, 'My Health Medisure Classic Insurance'. Read Full Story

Rural health insurance now available online
Bhartiya Samruddhi Finance Limited (BSFL), the flagship company of the BASIX Social Enterprise Group, and Royal Sundaram Alliance Insurance Company Limited, on Friday announced the launch of a web enabled solution at the Common Service Centres (CSCs) of BSFL that will enable the rural customers to receive the policy document of health insurance product instantly. Read Full Story

IndiaFirst Life launches MagicBoard
IndiaFirst Life Insurance on Wednesday launched MagicBoard, an integrated portable fulfillment device for customer sales and service process. Read Full Story

Tata AIA Life launches multiple benefit plan
Tata AIA Life Insurance Company Limited (Tata AIA Life) on Thursday announced the launch of its new product Tata AIA Life Insurance Suraksha Kosh (Suraksha Kosh), a non participating unit linked endowment insurance plan, that provides a comprehensive protection of one's financial goals against the 'risk of premature death' and against the 'risk of living post an accident, critical illness or surgery'. Read Full Story

Future Generali launches micro insurance
Mumbai, July 3: Future Generali India Insurance Company Ltd, the general insurance joint venture between Future Group of India and Generali of Italy, has launched Future Sampoorna Suraksha, a comprehensive micro insurance product tailored specifically for the rural and semi urban, urban poor segment. Read Full Story

Home insurance now available online
Kolkata, June 21 : HDFC ERGO General Insurance on Thursday announced customers can now insure their homes online. Read Full Story

Future Generali India Insurance grows 53pc
Kolkata, May 14 : Future Generali India Insurance Company Ltd, the general insurance joint venture between Future Group of India and Generali of Italy, has registered a 53pc growth of its gross written premium-significantly higher than the industry average, in the company's fourth full year of operations ending 31st March 2012. Read Full Story

JRG offers rubber plantation insurance
New Delhi, Feb 27 : JRG Insurance Broking (P) Ltd, a premier broking house, has joined hands with National Insurance Company to offer Rubber Plantation Insurance Cover. Read Full Story

SUD Life launches high tax saving plan
Kolkata, Jan 3 : Star Union Dai-chi Life (SUD Life) on Tuesday announced the launch of its new non-participating traditional endowment plan, Dhan Suraksha Platinum, targeted at high net worth individuals enabling them to capitalize and benefit on their tax savings. Read Full Story

Insurance cos shall penetrate in middle towns: IRDA
Kolkata, Dec 16 : A top official of Insurance Regulatory and Development Authority India (IRDA) on Friday said that the insurance companies should aim at penetrating deeper into the smaller towns and cities of India in the coming years to expand the growth of the industry. Read Full Story

Bancassurance gaining prominence: Study
Kolkata, Dec 13 : Insurance players are investing high effort in Agency channel recruitment, training and induction, according to a latest study. Read Full Story

Future Generali launches Secure Income
Kolkata, Nov 16 : Future Generali India Life Insurance Company, the Insurance joint venture between Future Group of India and Generali Group of Italy, on Wednesday announced the launch of a traditional endowment plus money-back plan - Future Generali Secure Income plan. Read Full Story

Life Healthcare to invest Rs. 516.5 Cr. in Max
New Delhi, Oct 12 : Life Healthcare (LHC), a USD 2 bln South African healthcare major, is set to invest Rs. 516.5 crore in Max Healthcare (MHC), one of India's leading private healthcare provider, at Rs. 50.55 per share for a 26pc stake, in an all cash transaction which puts the enterprise value of MHC at over Rs 2,300/- crore. Read Full Story


Next >>>