``Ensure that no claim is denied or delayed on account of...
Category:
Life
Latest
LIC relaxes claim settlement process of Air India plane crash victims
Life Insurance Corporation of India (LIC) on Friday said it has...
R Doraiswamy selected as MD&CEO of LIC
R Doraiswamy, managing director, LIC Among four MDs, Doraiswamy is...
Geneva Association celebrates its 50th anniversary
Christian Mumenthaler, Chairman of The Geneva Association and Group CEO of Swiss Re, said: “What stands out, above all, is how insurers and reinsurers have dutifully confronted the world’s biggest challenges in the name of building resilience. In the uncertain times...
Take over of defunct Sahara Life’s biz unlikely to impact SBI Life’s balance sheet
The total number of policies being transferred is only a small percentage of SBI Life's total policies, a company official said.At the same time, capital related to policies based on actuarial calculation is being transferred to SBI Life, an insurance industry expert...
Odisha triple train tragedy: Govt asks insurers to report data on policyholders and claim payments
The department of financial services(DFS) has asked the General Insurance Council, the official representative body of general insurers, and Life Insurance Council, the official representative life insurers, to collect data from their members about their exposures to...
LIC announces special measures to settle claims of victims of Odisha train accident
In lieu of registered death certificates, list of casualties published by Railway Authorities, Police or any State or Central Government Authorities will be accepted as proof of death, said Siddhartha Mohanty, chairperson, LIC Mumbai: Life Insurance Corporation(LIC)...
Max Life and Axis Bank celebrate 13 yrs of bancassurance partnership
The partnership has since inception served more than 25 lack customers with over Rs 3,81,900 Cr. worth of sum assured to cover their risks New Delhi: Max Life Insurance and Axis Bank, one of India’s largest private sector banks, celebrate the completion of thirteen...
IRDAI asks SBI Life to take over business of defunct Sahara Life
SBI Life will have take over the policy liabilities of around two lakh policies of Sahara India Life Insurance (SILIC), backed by the policyholders’ assets, said the IRDAI, The policy data of SILIC reveals that the company’s portfolio is showing run-off trend. The...
Aditya Birla Group to invest Rs 1,250 crore into its financial services arm
The board of Aditya Birla Capital Ltd (ABCL), which is into lending, asset management and insurance, on Thursday approved a preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, according to a statement on Thursday Mumbai: Aditya Birla...
IRDAI issues norms for deploying `Bima Vahaks’ to enhance insurance inclusion
There can be Corporate Bima Vahak, who are legal person registered in accordance with the respective laws of India and can be engaged by an insurer and Individual Bima Vahak, who can be individuals either appointed by an insurer or appointed by a Corporate Bima Vahak...
Kotak Life announces bonus of Rs 840 crore to policy holders
Kotak Mahindra Life Insurance Company (Kotak Life) has announced a bonus of Rs 840 crore to more than 6.5 lakh eligible participating policyholders for FY 2023. This is an increase of 24% over the bonus declared for FY 2022. Mahesh Balasubramanian, Managing Director,...
`Insurance for all’ by 2047-Insurers unveil initiatives in Mizoram
Lalramsanga Sailo, secretary, Mizoram, said, "We look forward to life and general insurance companies making significant contribution to promote the cause of insurance, generate employment and promote entrepreneurship in the state of Mizoram." As part of the Insurance...