Global economic concerns and the fall in equity markets has taken a toll on life insurance sales with new premium income expected to drop by at least 2 per cent in 2008-09, industry players said.......
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......
Europe's largest banking group HSBC is entering India's fast-expanding life insurance market, jointly with public sector banks Canara Bank and Oriental Bank of Commerce. Canara Bank will hold a......
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......
The minimum ticket size and the tenure for unit-linked insurance plans are set to be higher from the New Year. SBI Life has increased the minimum ticket size from Rs 6,000 to Rs 12,000. Likewise,......