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IDBI Federal Life records 94 pc jump in net profit to Rs 101 cr

by AIP Online Bureau | Apr 25, 2018 | Indian News

  Mumbai: IDBI Federal Life Insurance, amongst the leading life insurance companies in India, has reported a net profit of Rs 101cr during FY18, up 94 pc over FY17.   This is the 6th consecutive year of profits since it first declared profits in FY13....

Disasters could cost Asia-Pacific region $160 billion per year by 2030, UN warns

by AIP Online Bureau | Apr 25, 2018 | International News

  New York: The need is all the more pressing given that only eight per cent of region’s losses are insured, said the UN Economic and Social Commission for Asia and the Pacific (ESCAP). “The time for establishing solutions to these complex emerging...

Royal Sundaram launches ‘Family Plus- The 5G Health Insurance Plan’

by AIP Online Bureau | Apr 25, 2018 | Health, Indian News

  Chennai: Royal Sundaram General Insurance launched its ‘Family Plus- The 5G Health Insurance Plan’’- a unique plan covering 19 family members with individual sum insured for each member and a floater sum insured that can be used by any of the...

Lloyd’s to end most paper trading by end of 2019

by AIP Online Bureau | Apr 24, 2018 | International News, Technology

  London: Most business on the Lloyd’s of London insurance market will be negotiated electronically by the end of next year, its chief executive Inga Beale said on Monday.   The largest commercial insurance market in the world still runs a trading room...

ICICI Pru Life net declines 17% to Rs 340 cr in March quarter

by AIP Online Bureau | Apr 24, 2018 | Indian News

    Mumbai: ICICI Prudential Life Insurance Copmay on Tuesday reported a 17 percent decline in consolidated net profit at Rs 340.26 crore for the January-March quarter of 2017-18. The ICICI Bank subsidiary had reported a net profit of Rs 408.24 crore in...
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