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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

France promises $5 billion for insurance sector in India

New Delhi: With Parliament’s recent nod for raising the cap on foreign direct investment (FDI) in the insurance sector from 26 per cent to 49 per cent, India can now look f...

March 24, 2015

FDI hike in insurance sector set to create thousands of jobs

New Delhi: With the Parliament approving the new 49 per cent cap for foreign direct investment (FDI) in insurance from 26 per cent, the industry is set to add as many as 118,000 ...

March 16, 2015

Highest Ever Funding of Rs. 1.5 Lakh Crore for Railways – MoU Signed with LIC

New Delhi: The Ministry of Railways received the highest ever funding of Rs 150,000 crore (US$ 23.96 billion) over the next five years for implementing railway projects from Life...

March 12, 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
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