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BoM opts out of General Insurance JV
Bank of Maharashtra, the Pune-based public sector bank, has opted out of a joint venture between Shriram Financial Services and South Africa's Sanlam due to differences.
General insurance industry posts robust figures
The private players posted a growth figure of 27.68 per cent over the last fiscal where as the public players posted a growth figure of 4.04 per cent during the same tenure.
Reliance General Insurance flies high
Reliance General Insurance has grown 125% in business this fiscal year, outdoing its chief competitors ICICI Lombard and Bajaj Allianz.
Travel fool (flu) proof...
The new swine flu virus spreads from person to person - and it's happening among people who haven't had any contact with pigs.
No impact of de-tariffing on private insurers
Total de-tariffing, which came into effect from January 2008, has not had any impact on premium income of general insurers.
UCO Bank puts on hold its non-life insurance venture
UCO Bank, in its fifth Annual General Meeting, said that it has decided to put hold on its proposed venture into non-life insurance business. The bank is instead planning to enter into another business.
Oriental Insurance opens service center in Mumbai
Oriental Insurance Company, has opened its first service center in Mumbai. Initially, it will handle motor claims for all Mumbai offices.
General insurance to grow 18% in 2008
According to Mr. K. N. Bhandari, Secretary General of the General Insurance Council, the general insurance industry is set to grow at 18% in 2008.
BoM declines joint venture
BoM declined its collaboration with Sriram Financial Services Holding Pvt Ltd. And Sanlam Ltd South Africa for general insurance.
ICICI Lombard, best insurer 2007
ICICI General insurance awarded best general insurance company of the year at Singapore in the 11th Asia insurance industry awards 2007, the same being rewarded for introducing biometric smart card, weather insurance for farmers, and introducing online in
Four major insurance companies to merge
4 major insurance firms; National Insurance Company, New India Assurance Company, United India Insurance Company and the Oriental Insurance Company to merge.
SBI JV with Australian insurer for entering general insurance sector
SBI bank signs a pact with Australian firm to start a general insurance business. Operations to begin by end of this fiscal for regulatory approval.
Travels (or Travails) of a Senior Citizen
Senior Citizens are likely face a harder time finding travel insurance for themselves. Physical hardships cannot be avoided but certainly can be taken care of.
India Infoline gets insurance broking nod from IRDA
The Indian Infoline Group has an approval in principle from IRDA to start its insurance broking business.
Changes galore in insurance sector in '08
Insurance buyers can expect more mature, custom-made products and better services this year.
ROI on Sensex gains offsets underwriting and detariffing losses for general insurers
In spite of losses due to detariffing of the insurance sector leading to underwriting losses, general insurance companies more than made up by return-on-investment (ROI) incomes due to the booming stock market.
FDI limit in insurance may be raised
Finance Minister Mr. P. Chidambaram has hinted that the FDI limit in the insurance sector will be raised from 26% to 49%, and that it would be passed by Parliament in this government's term itself.
GIC asks to keep premiums out of service tax net
The General Insurance Council (GIC), the representative body of non-life insurance insurers, has proposed that health insurance premiums and premiums below Rs 2,500 for non-health insurance polices should be out of the service tax net.
PSU insurance companies to form a single corporation
Four PSU insurance companies to join and form Single Corporation like LIC to meet business objectives.
Types of claim settlements
Did you know that there are two kinds of claim settlements; reimbursement and cashless settlement. Find out more about these.
Procedure to claim in case of burglary
You can claim insurance in case of bulgary while travelling. Here's the procedure.
Dabur and Liberty Mutual venture into non-life
Dabur and Liberty Mutual come together to form a non-life insurance firm. Their focus will be on selling personal insurance products such as car, home and personal accident insurance.
Travel insurance FAQs on coverage
Can I get a policy to cover domestic travel? Are ambulance charges covered under a travel insurance policy? Get answers to these questions and more.
Basic FAQs
Get the basics of travel insurance right.
J Harinarayan new IRDA Chief
Mr. Jandhyala Harinarayan is appointed as a chairman of Insurance Regulatory Development Authority of India (IRDA), succeeding CS Rao who retired in May this year.
Insurance agent malpractices to be made public
Insurance agent malpractices to be made public as per IRDA rules. Corrective steps taken after getting several complaints from the customers. The names of the errant agents to be published on the insurance websites of each insurance firm.
What is travel insurance?
Travel insurance provides cover for the risks a person may confront on a trip either abroad or within the country.
Future Group in insurance venture
Future group and Italian Assicurazioni Generali S.p.A comes together to start a life insurance venture and have received a liscence to conduct life and non-life insurance business in India.
Travel insurance FAQs on claims
Wondering what if you are admitted to a hospital at two different times in the year for different problems, whether you can claim for both medical expenses in a travel insurance policy? Here' the answer and more.
Different overseas travel insurance covers
The overseas travel insurance policy provides cover for the risk a person may confront on a trip abroad.