• Thursday, 24 January 2019

India Insurance News

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    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, 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.

    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.