Domestic corporates, whose employees travel to high risk areas either within the country like the northern belt, some parts of the north east and sections in the southern India, or globally like Latin America, Nigeria, Afghanistan and Iran, are increasingly buying Kidnap & Ransom Extortion (KRE) insurance.
Insurance Transaction Exchange (iTrex), which facilitates data interchange between the repositories and insurance companies, will be maintained and managed by the Insurance Information Bureau of India, the sectoral regulator IRDAI has said.
British giant Standard Life, the foreign promoter of HDFC Life Insurance, has given up its right to increase its stake in the venture to 49 per cent in future, as per a fresh agreement with its Indian partner HDFC.
The life insurance industry is bearing the brunt of a 90 per cent fall in pension business due to a special tax treatment for the New Pension System and a
In this column FC gives its view on new financial products launched in the market.
In the backdrop of foreign promoters increasing their stake in Indian joint venture insurance companies, the insurance regulatory and development authority of India (Irdai) would be coming out with definition on Indian management control as part of the corporate governance guidelines by December.
Country's insurance regulator IRDAI has issued fresh norms on insurance advertisements with an objective to protect the interests of the insuring public, enhance their level of confidence on the nature of sales material used and encourage fair business practices.
- Aug18By PTI
State-run insurer Life Insurance Corporation of India (LIC) will launch its maiden ULIP product across the country tomorrow.
Endowment Plus a unit linked insurance plan (ULIP) will offer investment
By Shabnam Shaikh
With the objective of long-term sustenance of wealth created both inside as well as outside India and continuous revenue generation, high net-worth individuals (HNIs) in India have decrypted and adopted
With equity funds seeing 15 straight months of inflows, fund houses are lining up products to cash in on this interest.