Bullish on growth prospects of his group's financial services businesses, industrialist Anil Ambani today said Japanese major Nippon Life is in an advanced stage of talks to hike stake in Reliance Life Insurance and Reliance Mutual Fund units within this financial year.
India's life insurance industry is likely to grow by 12 to 15 per cent in the current financial year due to improved market scenario and the government's push to improve
Life insurance policyholders can look forward to more tax concessions as Finance Ministry is considering a proposal to do away with service tax on first premium and create separate exemption
The Netherlands-based ING today said it will exit ING Vysya Life Insurance Company by selling its 26 per cent stake to domestic partner Exide Industries which will also buy another
The government is contemplating a slew of tax incentives to make life insurance policies more attractive for investors and increase penetration of insurance in the country.
Among other things, the
Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among suitors expected to place first-round bids on Friday to buy ING Groep's Asia life insurance unit in a
Life insurance buyers in India are well aware of their needs and pro-actively research their options, according to Ernst & Young's global insurance survey 2012.
About 74 per cent of
One out of every four people do not think that life insurance is important, reveals an IRDA sponsored study, which also made a case for effective marketing to increase penetration.
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William D. Green
Chairman & CEO, Accenture