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Standardisation of rates and procedures of healthcare providers necessary:Khuntia

by AIP Online Bureau | Mar 11, 2019 | Health, Indian News, Non-Life

S C Khuntia, Chairman, IRDAI NEW DELHI: Subhash Chandra Khuntia, Chairman, IRDAI,today urged health insurance companies and healthcare providers to upgrade their standards and adopt ethical practices to provide access, equity and quality services to the...

Bharti AXA Life InsuranceĀ hiresĀ 10,000 insurance advisors and sets up 50 new branches across India

by AIP Online Bureau | Mar 11, 2019 | Indian News, Intermediaries, Life

Mumbai: Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, and AXA, today announced that the company has hired 10,000 insurance advisors and set up 50 new branches across India in the current financial year.   The aggressive expansion drive is...

IRDAI seeks proposal from LIC on stake reduction in IDBI Bank

by AIP Online Bureau | Mar 11, 2019 | Banking & Bancassurance, Indian News, Life, Regulation

New Delhi:: Insurance Regulatory and Development Authority of India (IRDAI) stipulates that insurers are allowed to hold only up to 15 per cent stake in any listed entity. But LIC, with a special dispensation from IRDAI, holds more than the limit in some state-run...

Hannover Re announces the launch of insurtech initiative

by AIP Online Bureau | Mar 11, 2019 | International News, Reinsurance, Technology

  Hannover: Hannover Re announces the launch of hr | equarium – an innovation pool exclusive to Hannover Re’s global network of insurance clients which facilitates connections with innovative insurtech partners.     The online platform...

Standard Life to sell 4.93% stake in HDFC Life for Rs 3,500 crore

by AIP Online Bureau | Mar 11, 2019 | Indian News, Life

  Mumbai: Standard Life Mauritius Holdings, the joint venture partner in HDFC Life Insurance, is planning to sell 4.93 per cent stake, or 99.5 million shares, in the life insurance firm at a floor price of Rs 357.50 per equity share.   This is supposed to...
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