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Vijaya Bank has signed a MoU with United India Insurance to distribute the latter’s general insurance products. In March, the bank signed a similar agreement with Life Insurance Corporation of India (LIC).
According to HS Upendra Kamath, chairman and managing director of Vijaya Bank, with more than 8 million customers spread across several segments, a [...]

Here is a brief how-to guide for buying insurance – before going to purchase any health insurance, you mast check following 10 steps.
1. Make your mind up on how many family members that you want to include in your mediclaim policy.
2. Make your mind up on how much insurance coverage you need
3. Make a [...]

We live in interesting times – interesting yet volatile! In such times, where there are no guarantees on life, Life Insurance is the only assurance that you have to guard you and your loved ones against the unknown and the unforeseen. Insurance is essentially a pact between the insured and the insurer. The insured [...]

Indian insurance companies offer great health insurance schemes and tax saving options, pertaining to the Union Budget bill, passed in 2008-09. Securing the future of you and your family is a necessity today. Guard yourself from spiraling medical expenses by purchasing a health insurance policy. Both nationalized and private banks offer you Mediclaim insurance [...]

The Economic Times is organizing ‘Insurance Summit 2011’ bringing together some of the best names from the Insurance Industry who will share their viewpoint on the key challenges and opportunities facing the insurance domain. The audience will be addressed by Summit Chairman, D.K. Mehrotra, Managing Director, Life Insurance Corporation of India followed by J [...]

Aviva Life Insurance joined hands with Basix group, better known as a microfinance company, to automate end-to-end retail microinsurance policy enforcement through integrated technology.
This aims at bringing down the costs and turn around time of processing micro insurance policies, where the ticket size averages Rs 500, by bulk processing.
“This will help us serve our [...]

India’s largest realty firm DLF has said it added over 3,000 advisors in its insurance joint venture DLF Pramerica Life Insurance during last fiscal for the future growth of the business.
For its core real estate business also, more than 500 employees were added to DLF Ltd , the parent company.
DLF Pramerica Life Insurance Company [...]

HDFC Life Insurance has been adjudged as one of the ‘Best Companies to Work’ in India this year for the second consecutive year in a study conducted by Great Place to Work Institute.
As per the study, HDFC Life Insurance was ranked first in the insurance category for the second consecutive year and was 40th [...]

SBI Life launches a variable non participating insurance plan – Flexi Smart Insurance. The objective of this product is to provide safety for customer’s investment and stable returns to risk-averse customers having preference for non market linked plans. The product is available at an affordable minimum premium amount of 1,500 per month.
The Flexi Smart [...]

Private insurer Bharti AXA Life Insurance today launched a traditional participating money-back plan — ”Bharti AXA Life Monthly Income Plan”.
“Bharti AXA Life Monthly Income Plan is the first regular monthly income product in our portfolio. This is in line with our brand positioning of ”Jeevan Suraksha ka Naya Nazariya” that has customer centricity and [...]

The Life Insurance market in India is an underdeveloped one that was tapped by the state-owned LIC until the entry of private players in the market. Insurance products reached only 19 percent of the 400 million of the insurable population. The state owned Life Insurance Corporation sold insurance only as a tax instrument and [...]