Healthcare sector revenues to grow 15% annually over next 3yrs

Mumbai: Revenues of the healthcare sector are projected to grow by 15 per cent between FY18-20 on the back of rise in health insurance coverage through government-sponsored schemes...

BSE, Ebix sign pact to set up insurance distribution network

New Delhi: India's leading bourse Bombay Stock Exchange (BSE) will set up a joint venture with Ebix Inc to build a robust insurance distribution network in the country through ...

XL Group to buy 20% stake in Mahindra Finance's insurance arm

Mumbai: XL Group will be acquiring 20 per cent stake in Mahindra Insurance Brokers Limited, thereby valuing the insurance broker at Rs 1,300 crore (US$ 200.24 million).

New India Assurance files for IPO

Mumbai: Government-owned general insurance company, New India Assurance Co Ltd (NIA), filed the prospectus for its initial public offering (IPO) on August 10, 2017 for a ...

Govt launches pension scheme with 8% guaranteed returns for senior citizens

Mumbai: Government of India has launched Pradhan Mantri Vaya Vandana Yojana for senior citizens, that provides 8 per cent guaranteed annual return.

LIC sets record on claims front, settles 99.92% cases

Mumbai: The Life Insurance Corporation (LIC) of India hits a record claim performance of 99.92 per cent settlement of death claims in FY 2016-17, as against an industry average of ...

Environment ministry planning to ease coastal regulation norms

New Delhi: The Ministry of Environment, Forest and Climate Change, Government of India, is planning to revise India's coastal regulation norms aimed at opening up the 7,500 km ...

Kotak buys out Old Mutual's 26% stake for ~1,293 cr in insurance arm

Mumbai: Kotak Life will become a fully owned entity by Kotak Mahindra Bank as it buys out Old Mutual's 26 per cent stake in Kotal Life for Rs 1,293 crore (US$ 201 million).