IDBI, Fortis plan insurance JV

Industrial Development Bank of India Ltd on Monday said it will enter into a memorandum of understanding with Netherlands-based Fortis Insurance International NV for setting up a joint venture......

Two IDBI Bank entities lose chief executives

IDBI Federal Life Insurance managing director (MD) & chief executive officer (CEO) G V Nageswara Rao is leaving at the end of this month.  Sanjay Sharma, chief executive and managing director......

Irda may cap fee on basic policies

After setting stiff norms for unit-linked insurance plans, the Insurance Regulatory and Development Authority is planning to cap charges on traditional products within three months. "We will......

Insurers focus on single premium products

Following recent changes to the guidelines for unit-linked insurance plans, companies are likely to focus more on single-premium products. In single-premium products, policyholders need to pay the......