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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 [...]

Tata AIG Life Insurance Company Limited (Tata AIG Life) announced the introduction of the second series of funds under its popular guaranteed NAV unit linked insurance product viz. Tata AIG Life Insurance InvestAssure Apex Supreme.
Speaking on the occasion,  Suresh Mahalingam, MD & CEO, Tata AIG Life said, “The introduction of the Series II of [...]

Bajaj Auto is an Indian company that has formed a formidable partnership with Allianz AG (headquartered in Germany). This company has aimed to provide the best form of security for individuals in India where they carry both names of the company committed in this limited partnership. One of their increasingly popular products or service [...]

For the first time in India, senior citizens up to 85 years will be able to buy term insurance without any medical checks. Companies are realizing that while it makes sense to catch them young, it is the seniors who have the investible funds.
IDBI Federal is the second company to target late entrants. Earlier, [...]

Leading insurance provider, Life Insurance Corporation (LIC) of India has joined hands with private sector lender Axis Bank to offer credit card services to customers and employees of the former.
The credit card program of LIC would have four variants to it namely Visa Gold, MasterCard Titanium, Visa Platinum, and Visa Signature Credit-Card.
All general benefits [...]