LIC Mutual Fund's Short Term Debt Fund offer opens
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. Full Story
Leading health insurance company partners with Fiinovation
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. Full Story
Reinsurance premium may go up for flood risk cover
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.
DHFL General Insurance aims to reimagine insurance with COCO
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. Full Story
IndiaFirst ties up with Oxigen
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. Full Story
5 killed in US newsroom shooting, suspect detained
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.
Max Life Insurance records a growth of 31pc in value of new business for FY18
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. Full Story