The benefit to add more relationships is extended for individual, multi-individual, and family floater health insurance plans.
Tata AIG insurance has become the third insurer to suspend cashless claim services with Max Hospitals
LIC leads the decline with a 22% drop in premiums, while private insurers see mixed performance
The steps taken by Reserve Bank of India (RBI) had negative impact on the debt market; we have seen the 10-year government bond yield moving up from 7.60 percent to 8.05 percent, personal finance expert, Hemant Rustagi, Wiseinvest Advisors said.
The shrill Cobrapost bite, this time mostly on large state-owned banks and insurance companies, failed to upset the market confidence on banking shares. The latest sting operation turned out to be a non-event that did not lead to panic-selling by investors on Monday. Bank Nifty was flat to close the day's trading at 12,396.
Whenever Cobrapost went about proposing to bankers, public or private, to invest our black money in insurance, they immediately called the managers of their insurance associates on phone, making it amply clear that banks and insurance companies are hand in glove
Banks are accepting huge amounts of unaccounted cash to invest it in insurance products, and sometimes in gold as well. Forged PAN cards are being arranged to facilitate investment of huge unaccounted cash.
Life Insurance Corporation, State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, Tata AIG, Dhanlaxmi Bank, Indian Bank, IDBI Bank, Yes Bank, Federal Bank, Reliance Capital, Birla Sunlife are among those named by Cobrapost in the money laundering scam.
Beleaguered American insurance giant AIG will soon vanish from the Tata-AIG branding in India. AIG entered India in 1999 through its then 100% subsidiary AIA. But after its massive financial troubles since Lehman, AIG sold off a large part of its stake in AIA through an IPO in Hong Kong.
AIA Group recently released Healthy Living Indices for 15 markets based on a first-of-its-kind pan-regional survey examining the healthy living habits of over 10,000 adults across Asia Pacific, including 1,018 respondents from India and their hopes and concerns for a healthier way of life.
Mahindra Satyam is considering various options for initiating proceedings against a clutch of insurers, which have disputed claims on the policy taken by the company when it was run by disgraced founder B Ramalinga Raju.
ICICI Lombard, a health insurance company, won the bid for the state-financed health insurance scheme in Goa, by surpassing six other bidders, state Health Minister Vishwajit Rane announced today.