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Aviva Plc's India life insurance joint venture is raising its exposure to the country's state-run banks as it bets the government's $32 billion plan to rescue lenders burdened with record bad loans.
SBI Life Insurance Co. Ltd has increased investments in the metals, oil and gas sectors as a rise in energy and metals prices is set to drive growth in commodity stocks.
In an attempt to expand its insurance business in India, Magma HDI General Insurance, will enter the health insurance segment by focusing on new products and tapping new consumers.
The study that used Chhattisgarh as test case found that over 95 percent of those covered could not fully avail cashless hospitalisation in private hospitals.
The gains were aided by an upgrade of India's sovereign bond rating on Friday by Moody's, which lifted the main Mumbai market index up 1 percent.
OVER 8,500 students of various post-graduate courses at Bangalore University’s Jnana Bharathi campus will be offered health insurance benefits in near future.
The Life Insurance Corporation of India (LIC) has announced the launch of a cancer cover as a health insurance policy with sum assured ranging from Rs 10 lakh to Rs 50 lakh.
SBI's profit declined by 37.9 per cent to Rs 1,581.55 crore, from Rs 2,538.32 crore on account of rise in bad loans.
In a communication to all life and general insurance companies, Irdai said the rules have "statutory force" and as such they have to implement them without awaiting further instructions.
The government on Wednesday rolled out ‘Aawaz,’ a unique health insurance scheme for migrant labourers in the state.
The private insurer's Initial Public Offer will open on November 7 and close on November 9.
State-owned New India Assurance Co. Ltd (NIA) on Sunday said it is set to launch its `9,600 crore initial public offering (IPO) on November 1.
SBI General Insurance net profit soared to a massive `251 crore in September quarter, helped by `170 crore income from its reinsurance portfolio, against `5.5 crore in the year-ago period.
The general insurance industry has since its inception, by and large, struggled with issues such as unsustainable pricing.