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Insurance

Fiscal Year:

IT spending by Indian insurers may rise 10% in 2015, Gartner says

Chennai: Indian insurance companies will spend Rs 130.4 billion (US$ 2.04 billion) on IT products and services in 2015, a 10.4 per cent increase over 2014, according to Gartner I...

May 01, 2015

Government raises FDI cap in insurance sector to 49%

New Delhi: The Government of India has raised foreign direct investment (FDI) cap in insurance to 49 per cent from 26 per cent. The limit includes foreign investment in forms of ...

March 03, 2015

Insurance sector to reach $250 billion in 10 years: Report

Hyderabad: Insurance sector of India is expected to quadruple to about US$ 250 billion over the next decade from around US$ 60 billion now, according to a report by the Confedera...

March 02, 2015

Kotak 1st bank to fully own an insurance business

Mumbai: Kotak Mahindra Bank became the first bank to get the permission from Reserve Bank of India (RBI) to set up a wholly-owned non-life insurance company.

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November 26, 2014

Aditya Birla Group signs health insurance JV with South Africa’s MMI

Mumbai: Aditya Birla Financial Services Group has signed an agreement to form a health insurance joint venture (JV) with MMI Holdings of South Africa. The two will enter into a for...

October 24, 2014

Aditya Birla Fin Serv to enter health insurance

Mumbai: The Aditya Birla Financial Services has signed a memorandum of understanding (MoU) with South Africa’s MMI Holdings Ltd to enter the Indian health insurance market.

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October 22, 2014

Govt plans income insurance scheme for farmers

New Delhi: The Government of India plans to launch a new insurance scheme to protect farmers and their incomes against production and price risks.

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September 05, 2014

All accounts with zero balance to get Rs. 1-lakh insurance cover

New Delhi: Under the Pradhan Mantri Jan Dhan Yojana, it has been decided that even those accounts which had been opened prior to August 28, 2014 and have zero balance will get Rs...

September 01, 2014
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