Was told that account will be closed if it did not stop providing insurance cover to ships ferrying oil from Iran.
Though Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.
To reduce costs, take advantage of the no-claim bonus, buy top-ups or shop a bit.
The strike by bank employees is part of the one-day all-India general strike, called by major central trade unions.
The policy provides a lump sum amount on the diagnosis of the illnesses during the policy term, as well as certain congenital disorders.
The largest financial institution, LIC, led the list of companies that paid up their advance tax this morning, with a spike in the amount to Rs 1,200 crore (Rs 12 billion) from Rs 1,070 crore (Rs 10.70 billion) a year ago, a senior income tax official said in New Delhi on Thursday.
MD & CEO of ICICI Lombard GIC is hopeful that in this budget, the government will announce a few measures that would aid higher adoption of insurance products among retail consumers.
Your car maker could also offer a service for free, provided your vehicle is within warranty period.
But, neither were the big companies interested in growing inorganically nor were the smaller ones ready to offer themselves for sale.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
The Ola Money and Uber tie-ups demonstrate how insurance companies, including even government-run ones, are forging partnerships with every possible service company to offer products.
The Sage of Omaha has finally arrived in India, just two days after the finance minister reaffirmed the government's commitment to further liberalise the insurance sector.
The session was organised in the backdrop of upcoming new Companies Act which is touted to have very strong provisions for both executive and independent directors, said Nitin Mankad, chairman, CII Central Gujarat Zonal Council.
All covers have a war exclusion clause. For cargo, shipping, and aviation industries, war schemes are available.
Banks are increasingly offering a range of tailor-made financial products; however, there are some downsides.
Centre might move swiftly on its next round of strategic sales in CPSEs
Pricing for catastrophe risks are low in India.
The insurance regulator is likely to confine the portability of health insurance policies to non-life insurance companies.
General insurance sector has also demanded exemption from MAT, claming that they do not enjoy any tax incentives.
ADAG's rivals are lobbying overtime to ensure that a company affiliated to the group, Mediassist India TPA Private Limited, is considered ineligible.
Once the child is 90 days old, parents must add her to the family health floater cover, suggests Sanjay Kumar Singh.
Of the existing set of potential leaders, Bakhshi was clearly the only choice as he beat out other high-level candidates that included executive directors Anup Bagchi, Vishakha Mulye, NS Kannan, and Vijay Chandok who were lacking the all-round game that Bakhshi has.
The government has been taking steps to promote cashless or digital transactions to take India towards a less-cash economy
Reduce the government stake in public sector banks to 33 per cent, recommends A K Bhattacharya
According to sources, the government has convened a meeting involving the Nuclear Power Corporation and General Insurance Corporation (GIC), the only domestic re-insurer in the country, to take stock of the progress.
Amit Madhan, national manager, retail products, ICICI Lombard GIC, talks about the most important things that students, business and leisure travellers must know while buying travel insurance.
The minister said that starting July, in four cities -- Delhi, Mumbai, Bangalore and Chennai -- the PPN system had been put in place to include only those hospitals that have agreed to work at given rates for specified procedures. In the rest of the country, the earlier process of rendering cashless facility was still continuing.
Use no-claim bonus, online discounts or negotiate hard to get it reduced.
Visa and 20 insurance companies in India have joined forces to make paying life and general insurance premiums "faster and easier" through a range of new payment options for Visa cardholders
Presumably hurt on their balance sheets by the allegedly inflated bills for medical costs of people covered by cashless mediclaim facilities, these insurers have pruned the list of hospitals in four large cities for providing this facility with effect from this month.
Certain key initiatives are necessary to build a greater momentum towards growth and increased penetration of the insurance industry. Strong reforms are required to help the general insurance companies break even in intensely competitive market conditions. The recommendations are here. . .
IRDA's condition that treatment under AYUSH has to be at a government hospital or an institute recognised by the government makes insurance cover difficult.
Sources say given the complexity involved in the process of creating a holding company, which will ultimately be the parent company of banking and other businesses, banks are going slow in acquiring stakes in insurance arms or mutual funds of other lenders.
Insurance regulator IRDA on Monday said that policy holders will gradually have to pay more for motor, health and other general insurance covers as costs would go up due to companies setting aside higher funds for claim settlements.
By packaging rates and stabilising costs, insurers expect to cut expenses.
Prior to the attack, the size of the pool was around Rs1,400 crore.
'The major worry for everyone using Internet-linked devices today is whether the latest download on his smartphone or laptop is a bait from a digital hacker who is out to secure access to his hard-earned money,' notes T A Ramalingam, chief technical officer, Bajaj Allianz General Insurance.
The Indian Nuclear Energy Pool, meant to insure risks from nuclear reactors, may take longer to be set up. While the idea of forming a pool was mooted earlier this year, it has reached a deadlock owing to differences among the stakeholders on certain clauses.
Leading state-run general insurer New India Assurance Company on Wednesday said it will soon launch a new premium mediclaim product as a part of its efforts to resolve the issue over the cashless health cover, which the state-run players had discontinued early July alleging inflated billing by hospitals.
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