Five senior execs quit Tata AIA Life Insurance

Tata AIA Life Insurance Co Ltd (formerly Tata AIG Life Insurance) is seeing attrition at senior management levels. According to sources, five senior management executives are in the process of......

Top private life insurers shut 1,500 branches in 2 years

With "profitable growth" replacing "expansion drive" as the buzzword in the sector, the country's top private life insurers have significantly reduced branches and employees over the last couple of......

Tata AIG Life plans equity expansion

Tata AIG Life Insurance Company has decided to increase its equity capital from the current Rs 231 crore (Rs 2.31 billion) to fund expansion and meet capital adequacy requirements for 2005.Tata AIG......

Profit pressures force life insurers to downsize

Life insurance companies have started to cut down their workforce and branch network following tougher norms that came into force in September and exerted pressure on their bottomlines. More than......