The Insurance Regulatory and Development Authority (IRDA) Regulation of 2002 on the Protection of Policy Holders’ Interest mandates that every insurer put in place an effective mechanism to speedily redress consumer complaints and also inform e ..

AIG plans to pay $450 million in bonuses to finance executives who led the US insurance giant to a $99.3-billion loss last year, US media reported on Sunday. The payments have dismayed the US government as AIG has received $170 billion in federal aid ..

Kanpur:- In a bid to attract Muslim investors to stock markets  Reliance Capital Services has launched in Kanpur the 'Imaan Investment Plan' in line with the rules of Islamic Shariyat.As per the plan, the money from investors will not be ..

MUMBAI: Reliance Money Express (RME), the cash transfer arm of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday said it will acquire controlling stake in Britain-based money changer No1 Currency."While looking for opportunities to widen ..

Reliance Mutual Fund has been adjudged the best equity fund house of the country for 2008 by an international research firm.Reliance MF said in a statement that it has been adjudged the 'Best Equity Fund House' for the year 2008 by Morningsta ..

Hyderabad, March 13 Faced with economic slowdown and likely dip in business, some life insurers are seeking relaxation of norms pertaining to bancassurance.A fresh representation in this regard has been submitted to the Insurance Regulatory and Devel ..

Hyderabad, March 13 To bring transparency in the management of finances and accounts in life insurance companies, the Insurance Regulatory and Development Authority (IRDA) on Friday tightened expenses and accounting norms.It has asked the companies t ..

The second-biggest bank of the US, JP Morgan Chase, which acquired Washington Mutual and Bear Stearns recently, will increase its outsourcing to India by 25 per cent this year to nearly $400 million, says a report by Businessweek. It will also manage ..

SEBI chairman CB Bhave on Friday said the market regulator is planning fundamental reforms for the mutual fund industry. Speaking at an economic convention organised by Indian Merchants' Chamber in Mumbai on Friday Sebi chief said the recent liqu ..

After overwhelming response to Jeevan Astha, LIC has introduced this money back policy with assured returns. This has caught the attention ofinvestors who are tired of the prevailing uncertainty in various asset markets. But one needs to do a cost-be ..

MUMBAI: In an apparent move to unearth hidden commissions, Insurance Regulatory & Development Authority (Irda) has asked life insurers toprovide it with a detailed statement of payments made to all intermediaries, excluding agents. The regulator  ..

BANGALORE: Faced with the challenge of rising costs, players in the Indian medical insurance market are tightening various cost levers to ensurecontinued profitability. Room rentals have dropped to as low as 1% of the sum insured over 2008, a move ma ..

MUMBAI (Reuters) - State-run Life Insurance Corp of India has raised its stake in top bank State Bank of India (SBIN.NS : 953.05 +41.8) by 2.12 percent to 9.16 percent through market purchases, the state-run lender said in a stock exchange filing. LI ..

Traditional insurance policies that lean on investment in government securities and debt instruments are back in fashion as risk averse buyers are drifting away from policies linked to equities that have got mauled in the market. But not all insuranc ..

It felt like death by a thousand cuts. Already this month has seen plenty to rattle the stockmarkets, from dreadful economic news to the continuing bloodshed at American International Group, an insurer. Commodity firms were given a reprieve on March  ..

Wipro (WIPRO.NS : 224.9 +12.85) Infotech, the India and Middle East IT business wing of Wipro Ltd, won an e-governance project, titled Panchdeep Project and worth Rs 1,182 crore, from the Employees' State Insurance Corporation (ESIC). ESIC is a s ..

MUMBAI: Shariah-based mutual fund (MF) schemes have made a quiet entry into the Indian investment arena. Benchmark AMC, a fund house thatspecialises in index-based investing, has recently closed subscriptions for a Shariah-based fund. A similar offer ..

NEW DELHI: Concealment of material facts on health and failure to give satisfactory explanation for long absence from duty can be reasonable grounds for a life insurance company to repudiate a policy claim, the National Consumer Disputes Redressal Co ..

 CHENNAI: India's insurance regulator will seek the opinion of the Central Board of Direct Taxes (CBDT) before changing the format of the valuation balance sheet, or Form I, as demanded by private insurers, a top official said.Earlier, the p ..

Sahara Mutual Fund on Thursday launched Sahara Short Term Bond Fund, which is an open ended income fund. The new fund offer opens on March 12 and will close on April 8.During the NFO period, the units of Sahara Short Term Bond Fund are available for  ..