ICICI Lombard outsmarted other private general insurers in the first two months of this fiscal by mopping up Rs 10,137 crore (Rs 101.37 billion) in premium income and cornering 3.27 per cent of the market share in April-May, 2003.
Life Insurance Corporation of India and General Insurance Corporation of India are planning to take exposure in Maruti Udyog from the secondary market once the shares in the automaker drop below Rs 115.
Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
National reinsurer General Insurance Corporation plans to spread its wings to Dubai, Malaysia and China to increase its presence in Afro-Asia and grow its business, now at over Rs 4,000 crore (Rs 40 billion), its chairman P C Ghosh said in New Delhi
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs.
After the Delhi high court's ruling, blanket exclusion of genetic disorders from coverage is likely to become a thing of the past.
These schemes came into force from June 1.
Invests $1.1 billion in 6 months, against $3.7 billion in 20 years
During the current financial year, 25 companies have raised Rs 28,220 crore through IPOs
The pool was formed by non-life insurance cos in India in Apr '02.
Deal with current owner Exide may be signed next week
'We are moving away from the Modi promise of less government,' says T N Ninan.
While proposals for covers in volatile markets aren't denied, premiums are much higher - by as much as 100-600%
ICICI Bank was the top Sensex gainer after S&P Global Ratings affirmed its 'BBB-' long-term issue ratings on the senior unsecured bonds.
Four years after setting up a "home away from home" in the Franschhoek winelands of Cape Town, he is increasing his investments in the hospitality sector in South Africa.
The total income during the period rose to Rs 8,482.85 crore (Rs 84.82 billion), from Rs 7,388.51 crore (Rs 73.88 billion) in the same period a year ago.
Insurance sector to get lot of foreign investment: Jaitley.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The company will now focus on value creation for shareholders in the defence and construction businesses.
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
To plug claims mismanagement, the Insurance Regulatory and Development Authority of India (Irdai) is bringing reforms in the mediclaim segment.
Staying healthy can reduce your next premium. Through wellness programmes, policyholders can get discounts ranging from 8 per cent to 30 per cent.
The new Insurance Bill may take little time to see light of teh day.
Customers should be fully aware of what their policy covers and should follow claim procedures meticulously, says Sanjay Kumar Singh.
Owners of high-end vehicles should explore more options such as engine protection, invoice cover and plans that cover accessories, says Animesh Das.
Two types of deductibles are associated with auto insurance -- compulsory and voluntary.
According to Munjal, there is an opportunity for somebody who comes from a not for profit background in health care to do something.
The one common theme across companies that have rewarded shareholders is consumption.
Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
The premium amount will be automatically added to the ticket fare if the passenger opts for insurance.
The 57-year-old Bhattacharya, front-runner for the post on account of years of service left, was managing director and chief financial officer of the bank prior to her elevation.
Its not so tough to improve insurance coverage at nominal cost.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
Section 45, which says no claim can be rejected after three years of a policy being in force, remains a bone of contention
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