General Info News

Indian Government Approves AXA Raising Stake in Bharti Jvs for Rs. 1,290 Crores

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The Indian government gives nod to the French insurance company AXA to increase its stake by 49% (Rs 858.6 crores capital investment) in the Bharti GrRead More

Exide Industries Announced Its Contribution of Rs 150 crore in Insurance Sector in FY 14-15

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Exide Life, the subsidiary of Exide Industries, has invested Rs 150 crores capital in the insurance sector. The company made this critical business deRead More

IRDA Demands Quick Action on Customer Grievances

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IRDA has circulated a depressing note on the escalating numbers of unsettled protests from policyholders, noting that insurance companies do not resolRead More

Indian Insurance Sector Will Invest Rs 130 Billion on Technology in 2015

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According to Gartner Inc. forecast, Indian Insurance sector is expected to invest Rs. 130.4 billion rupees in IT for automating their services and proRead More

Prime Minister Narendra Modi Will Inaugurate Pension Schemes on May 9

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Prime Minister Narendra Modi will launch social security schemes, including an accident cover of Rs 2 Lakh, at a premium of just Re 1 per month, on MaRead More

E-insurance, The Way Ahead for High Premium Insurance Policies

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Digitized policies may soon become a reality for insurance policies if IRDA has its way. The insurance regulatory has circulated a draft amongst stakeRead More

Government to Announce Two Insurance Schemes Soon

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The central government is expected to roll out two insurance schemes- Pradhan Mantri Jeevan Jyoti Bima Yojana (life insurance policy) and Pradhan MantRead More

New Insurance Law Makes Customer Protection a Priority

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The new amendment in the insurance laws passed by the parliament last week offers immense benefits to the policyholder and the nominees in terms of prRead More

LIC Commits Rs 1.5 Trillion to Indian Railways

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Railway has secured a good amount of investment from LIC which is the state-owned insurance giant to ensure infrastructure development for next five yRead More

At 3.9% Insurance Penetration in India is Below World’s Average

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The penetration of insurance in India is only at 3.9 percent, which is below the world’s average of 6.9% in 2013; as indicated by the minister JayanRead More

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