Mumbai , July 24 : SBI Life Insurance has reported 49 per cent increase in its value of new business (VoNB) to Rs 330 crore in the first quarter of FY19-20 as compared to the same period in previous year.
New Delhi June 22 : Radiant Life Care Private Limited (Radiant), a leading Indian hospital management company promoted by Abhay Soi and backed by KKR, has completed the previously announced acquisition of a 49.7 per cent stake in Max Healthcare Institute Limited (Max Healthcare or MHC) from South Africa-based hospital operator Life Healthcare. Abhay Soi will now lead Max Healthcare as Chairman of its Board and Executive Council.
Pune June 22 : There are many such events in life for which you need financing. Be it from funding your child's education to managing your wedding expenses or even the unforeseen medical bills. A loan against property from Bajaj Housing Finance Limited enables you to do it all.
Gurugram (Haryana) June 12 : A recent survey conducted by Policybazaar.com indicates that millennials between the age-group of 22-35 years have a better assessment of their protection needs when it comes to buying health covers which shields them adequately.
Kolkata, June 7 : As the non-life insurance industry is witnessing growth in the last few years, public sector general insurers sought capital infusion from the centre and are hopeful that the central government would pay heed to their request in the budgetary proposals, an official said on Friday.
New Delhi May 6 : Max Life Insurance Co Ltd (Max Life/Company), one of industry's foremost life insurance companies, today announced that it will dedicate 6th day of every calendar month as 'Protection Day' towards driving awareness around the concept of financial protection.
Mumbai, March 8 : Mutual funds witnessed an outflow of Rs 20,083 crore in February against an inflow of Rs 65,439 crore in January, according to a data from the Association of Mutual Funds in India (AMFI).
New Delhi, March 5 : Max Life Insurance, one of India's leading private life insurers, has revealed that Indians are grossly under-prepared to cope with the financial instability caused by life events.
Gurugram, Feb 28 : Policybazaar.com, India's largest insurance comparison portal, has launched an exclusive 'Cashless Assurance' feature for its customers to help them with assured cashless settlements at the time of claims. The new feature will allow Policybazaar.com customers to opt for cashless approvals on claims across all garages throughout India within a matter of few hours.
New Delhi, Jan 23 : Max Life Insurance Co. Ltd. (Company ), one of the leading life insurance companies in India, has launched InstaClaim„¢, an initiative that endeavors' to pay death claims in just 1 day for policies up to Rs. 50 lakhs where all minimum mandatory documents are received.
New Delhi , Jan 18 : New age insurance company, Acko General Insurance Limited has announced a strategic tie-up with Ibibo Group to offer customized travel insurance products to users of redBus and GoCabs.
Mumbai, Jan 11 : State-run LIC Mutual Fund on Friday launched an open-ended short term debt fund scheme for investing in instruments of "Macaulay duration" between one and three years as a new fund offer (NFO) called "LIC MF Short Term Debt Fund" that will close on January 25.
Mumbai, Jan 4 : State-run LIC Mutual Fund on Friday launched an open-ended scheme for investing in arbitrage opportunities as a new fund offer (NFO) called "LIC MF Arbitrage Fund" that will close on January 18.
New Delhi (India), Dec 21, : A leading private sector health insurance company in India entered into a strategic partnership with Fiinovation, a global Corporate Social Responsibility (CSR) consulting firm, and Pinnacle Skills India, an NGO that works towards empowering youth through skill development and education.
New Delhi , Nov 30 : Max Life Insurance Co. Ltd. (Max Life/Company), one of India's leading life insurers, has announced a 'knowledge partnership' to help further strengthen its agency channel in India. As part of this partnership, Max Life is partnering with former executives of New York Life to share insights and best practices to help Max Life drive efficiency in agency distribution.
Chennai, Nov 29 : In an effort to expand its bancassurance channel, non-life insurer SBI General Insurance Company Ltd is in talks with state-run as well as privately-held banks for distributing its products, said a senior official on Thursday.
Chennai, Nov 26 : SBI General Insurance Company Ltd aims to be among the top five non-life insurers by investing in technology and launching new products, and seeks to go public through an initial share sale in 2020, a senior official said on Monday.
Chennai, Nov 2 : Home mortgage lender LIC Housing Finance Limited is hoping to realise about Rs 100 crore out of a project loan that turned a non-performing asset (NPA), a top company official said here on Friday.
New Delhi , Oct 3 : Nearly four out of ten Indians purchasing health insurance online prefer a minimum cover of Rs. 5 Lakh, a study by Policybazaar.com Product and Innovation Centre (PIC) has revealed. The study took into account buying behaviour of 10,000+ consumers purchasing health insurance online across 20 states.
Chennai, Aug 24 : Private non-life insurer Liberty General Insurance Limited hopes to close this fiscal with a health insurance premium of Rs 150 crore and is confident that its in-house processing of health claims would provide its policy holders superior service, said a top company official.
Chennai, Aug 20 : Even as different estimates of losses suffered by Kerala in the monsoon floods are doing the rounds, general insurance experts on Monday said that there will certainly be an increase in the premium charged by reinsurers for covering flood risks.
Mumbai (Maharashtra) , July 25: DHFL General Insurance launched its Digital-First online distribution channel called 'COCO by DHFL General Insurance' in April, through which it aims to simplify the cumbersome and confusing process of purchasing insurance via new age technology.
Mumbai (Maharashtra) , July 03: IndiaFirst Life Insurance Company Limited, a joint venture between Bank of Baroda, Andhra Bank and Legal and General (UK), has announced its tie-up with Oxigen Services India Pvt. Ltd., to establish distribution of its insurance products at Oxigen retail outlets.
Washington, June 29 : Five people were killed and two others injured when a man armed with a shotgun and smoke grenades stormed into the newsroom of a community newspaper chain in the US state of Maryland, prompting law enforcement agencies to provide protection at the headquarters of all American media organisations.
Kolkata, June 14 : Private life insurer Bajaj Allianz Life Insurance, which is looking to diversify its product basket, will launch a morbidity (health) and pension plan this year keeping mainly the 'mass affluent' customers in mind, an official said here on Thursday.
New Delhi , May 29 : Max Life Insurance Co. Ltd., a leading Indian life insurance company, recorded Individual adjusted first year premium of Rs. 3,215 crore achieving growth of 22 percent in the Financial Year 2017-18 (FY18). During this period the Gross Written Premium of the company grew by 16 percent to Rs. 12,501 crore, while the renewal premium recorded growth of 15 percent to Rs. 8,152 crore. The Company recorded shareholder profit (Post Tax) of Rs. 528 crore.