Private insurer Max New York Life today launched a unit-linked customised insurance plan, FLEXI Fortune."Max New York Life has designed FLEXI Fortune keeping in mind the varied needs of people. The product offers the flexibility to choose policy ..

To make its stock market investments transparent and avoid further controversy, Life Insurance Corporation (LIC) has discontinued deals that were first negotiated over the telephone and then executed on the stock exchange platform, according to broke ..

Canara HSBC Oriental Bank of Commerce Life Insurance Company on Monday said it has launched a new unit linked plan, which aims at providing cover to a child's future and fulfilling the financial needs.The company has entered into child protection ..

The expectation of life at birth increased by six years for men and eight years for women between 1990 and 2008.  Since mortality rates dipped most in infancy and early childhood, the increase in expectation of life for young adults was more mod ..

Insurance companies now offer to cover funeral expenses under health and personal accident policy.Although there is no standalone product to cover funeral expenses, these are covered as an extension to personal accident cover, which insures permanent ..

India Post is set to appoint an actuarial consultant to value its various insurance funds, a move which forms precursor to bring its insurance business under control of sectoral regulator, insurance regulatory and development authority (Irda).The pos ..

The insurance regulator may have decided to announce guidelines for equity issues by life insurance companies early next month, but companies which are not yet 10 years old will not be able to approach primary markets.However, companies that are in e ..

  Customers are increasingly buying and renewing non-life insurance policies merely by the click of a mouse, bypassing agents. Motor, travel and health insurance policies are increasingly being sold online as it is convenient and cheap ..

  The outlook for general insurance industry in 2011 seems positive, although buyers — of health or motor insurance — would have to shell out more as the sector expects some drastic policy changes. The year 2010 saw introdu ..

 The labour ministry has said it will not reconsider its decision to suspend investment of employees provident fund money in the scam-tainted LIC Housing Finance despite persuasion by the finance ministry. Finmin had assured the EPF Organisation ..

 Vipul MedCare, a part of Vipul Group of India , has launched its medical tourism operations in the Gulf region to offer healthcare-related services to expatriate Indians.  With a coverage network span in 4,000 hospitals across India,  ..

Star Health and Allied Insurance Company is eyeing Rs 1500-crore premium collection by the end of this fiscal year (FY 11), a company official said. "There is a huge potential in the health insurance segment as there are very few players. W ..

  The Insurance Regulatory and Development Authority (IRDA) has cautioned the general insurance companies against any deviations from actual product approvals. Insurers file with the Authority new insurance products and modifications t ..

 Star Health today launched a health insurance policy that starts covering pre-existing diseases just after 11 months after a customer buys the policy. This is in contrast with the other products in the market, where the insured has to wait ..

   Despite the low premium and high benefits, the insurance schemes for handloom weavers has virtually remained a non-starter in Uttarakhand. But now, the Uttarakhand government has launched efforts to cover maximum number of weav ..

  They have invested Rs 25,000-30,000 cr in this financial year. A rise in redemptions might leave insurance companies with less money to invest in the stock market. It is estimated that the industry will invest a net Rs 13,500 crore d ..

  American health insurance giants Aetna and United Healthcare are in the race to provide cashless service under health insurance in India. The two companies are among nine that have been shortlisted by government-owned general insurers whi ..

 For the life insurance sector, Ulips, had helped register blockbuster sales till the charges cap came into effect from September 1.  Further, even within this category, child Ulips remained the bestsellers, as they benefited from play ..

 The proposed merger of Reliance General Insurance and Royal Sundaram Alliance has hit a roadblock, with differences over valuation.  According to persons with knowledge of the issue, both firms have failed to reach an agreement on the ..

The insurance regulator will allow mergers in the sector only if they protect the interests of policyholders and create a stronger insurer.  “Any M&A should enhance the value of the merged entity. There is no point in a merger if  ..