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Final IPO norms for life insurers within a week: Irda

The Insurance Regulatory and Development Authority (Irda) today said it would come out with guidelines for initial public offering (IPO) of life insurance companies within a week. “We will be…

September 21, 2011 / No Comment / Read More

Irda relaxes persistency norms for insurance agents

The Insurance Regulatory and Development Authority (Irda) today relaxed norms for insurance agents by removing certain riders at pegging the persistency ratio, which refers to retention of clients, at 50%.…

September 21, 2011 / No Comment / Read More

Non-life insurance sector to reach Rs 90,000 cr by 2015

The non-life insurance industry is expected to grow by over 18 per cent by 2015 to become a Rs 90,000-crore sector from the current level of Rs 47,000 crore, the…

September 19, 2011 / No Comment / Read More

Aviva Life Insurance may sell 30% stake to Syndicate Bank

MUMBAI: Aviva Life Insurance, the local unit of the UK insurer, may sell as much as 30% stake to state-run lender Syndicate Bank to raise its fortunes in a competitive…

September 7, 2011 / No Comment / Read More

MetLife (India) breaks even; posts Rs 35 crore profit

MetLife (India) breaks even; posts Rs 35 crore profit

Private sector life insurer MetLife (India) today reported a net profit of Rs 35.35 crore, first time since its incorporation, on improved operational efficiencies. The company had reported a net…

June 29, 2011 / No Comment / Read More

Understanding the jargon

Reading any statement – whether of a bank, a mutual fund or a unit-linked insurance plan (Ulip) – can be a nightmare. Often, the jargon can stump a customer, Nitin…

August 3, 2010 / No Comment / Read More
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