The Anil Ambani Group-promoted Reliance General Insurance is looking to buy a majority stake in its rival Royal Sundaram, while talks are in advanced stages to bring in Swiss Re as foreign partner in its life insurance venture.
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
HDFC Standard Life Insurance will hike its capital base by over Rs 80 crore (Rs 800 million) to about Rs 300 crore (Rs 3,000 million) this fiscal and targets to become the leading private player in the next five years.
Apart from rail mishaps, the coverage would take care of terrorist attacks and accidental fall of a passenger from a train and normal accidents, riots, robbery and dacoity
"This is a huge positive and is expected to bring in $8-10 bn capital in the industry."
Buying medical insurance? Make sure that you know what you are getting and what you are not.
The Supreme Court on Wednesday deferred the Board of Control for Cricket in India elections till the end of January even as the cricket body opposed the constitution of an external high-powered committee to propose punishment on the Mudgal Committee's findings in the betting and spot-fixing scam in the Indian Premier League.
