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Insurance

Fiscal Year:

Nippon Life, AIA, Sun Life & 12 other FDI proposals cleared

New Delhi: Foreign Investment Promotion Board (FIPB) has cleared 15 foreign direct investment (FDI) proposals including large investments in the insurance sector by Nippon Life Ins...

March 22, 2016

First round cleared for foreign reinsurers

New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has given initial approval to open branches in India to Switzerland-based Swiss Re, French-based...

March 15, 2016

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

JLT plans to make India insurance hub

Mumbai: JLT Independent plans to develop India as a service hub for all countries that are a part of South Asian Association for Regional Cooperation (SAARC), according to Mr Sanja...

January 19, 2015

RBI allows banks to offer insurance broking services

Mumbai: The Reserve Bank of India (RBI) has allowed banks to become insurance brokers, permitting them to sell policies of different insurance firms subject to certain conditions.<...

January 16, 2015

LIC plans Rs1 trillion investment in non-government bonds

Mumbai: Life Insurance Corp of India (LIC) has earmarked a total of around Rs 1 trillion (US$ 15.75 billion) for investments in bonds, including non-convertible debentures (NCDs), ...

December 23, 2014
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