In one of the highest ever compensations awarded in a motor accident case, a Delhi court has ordered an insurance company to cough up an astronomical Rs 14.17 crore (Rs 141.7 million) to the family of a rich businessman who died after his car collide
The inquiry report raises questions about the effectiveness of management control as well as that of the supervision process.
Finance ministry orders probe.
Staff of PSU banks, bank aspirants also caught offering money laundering solutions in a new expose.
ICICI Pru is barred from doing any further business with the state government or any of its departments.
After the Delhi high court's ruling, blanket exclusion of genetic disorders from coverage is likely to become a thing of the past.
The government is planning to cap the term of shareholder and non-official directors on the boards of public-sector banks, insurance companies and financial institutions at six years.
With rise in medical costs surpassing general inflation, getting a treatment/surgery or illness treated in a hospital requires an enormous financial surplus or an alternative financial arrangement. Harjot Singh Narula offers simple tips to reduce these costs
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
Insurance policy document will become digital and paperless like shares in the coming year and the policyholders would be saved from preserving the physical copies of their insurance policies.
The market regulator had last month allowed bourses to set up debt segments to develop the country's languishing corporate bond market.
The insurance sector is going to get a big boost.
The two-day nationwide strike call, demanding early wage revision among other issues, was given by United Forum of Bank Unions that comprises nine national unions.
When one applies for a loan, he/she is almost immediately offered an insurance policy to cover it. These are called Mortgage Redemption Schemes or Loan Protection Covers.
Tata AIG India Life Insurance has tied up with Fanklin Templeton Investments to introduce a new plan InvestAssure, a unit linked insurance plan to provide security cover with the opportunity to get high returns on insurance premium.
>You can buy a life insurance policy for someone else only if you have an insurable interest or expect financial loss from that person's death, points out Tarun Chugh, MD and CEO, Bajaj Allianz Life Insurance, answering insurance questions.
The Bihar Police has decided to provide group insurance cover to more than 44,000 policemen deployed in sixteen Maoist-affected districts in the state, officials said on Monday.
Hurdles such as approvals for repair and fixed rates can make the process time-consuming.
Western sanctions aimed at crippling Iranian finances by drying up buyers for its crude oil, had last year banned insurance cover to ships carrying Iranian oil.
A major fire swept through the parking area, far away from the venue of Asia's premier air show, gutting about 300 cars on Saturday.
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