The number of claims repudiated was 10,822 for an amount of Rs 1,026 crore and the number of claims rejected was 4,340 for an amount of Rs 24 crore, it said.
HDFC Life Insurance Chairman Deepak Parekh, at the Annual General Meeting, talked about India's economy, life insurance industry, the bank's performance and much more.
Vista expects the transaction to enhance its position as an acquirer of data companies and enterprise application software. The deal is the largest in Vista's history, according to a person familiar with the matter.
ICRA has analysed the performance of 9 life insurance firms - state-owned LIC and eight private sector firms - collectively representing around 92 percent of the market.
Anuj Mathur will take charge as the CEO on July 1, 2015, succeeding the current CEO, John Holden. The company is a joint venture between Canara Bank, Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings.
SBI Life Insurance plans to relaunch about 10 products by January 1 as part of regulatory compliance to make the policies more customer-friendly.
Unit-linked insurance plans or ULIPs as they are popularly known as are another form of life insurance. Sumeet Vaid of Freedom Financial Planners and Kamesh Goyal, CEO, Bajaj Allianz spoke to CNBC-TV18 about ULIPs and what the trend is.
Sources say the life insurance industry has lost over two and a half lakh agents between December 2009 and December 2010, report CNBC-TV18 Avni Raja and Shruti Rajkumar.