Insurance - general
British insurance company Aviva plans to buy Friends Life for $8.8 bn
22 Nov 2014
A merger of Aviva and Friends Life would create the UK’s largest insurance, savings and asset management business by number of customers and a net worth of about £20 billion ($31.4 billion).
Jaitley vows insurance reforms soon; Chidambaram scoffs
08 Nov 2014
Finance minister Arun Jaitley expressed confidence that the Insurance Amendment Bill, which aims to raise foreign direct investment (FDI) from 26 per cent to 49 per cent, will be passed in the winter session of Parliament beginning this month
LIC to invest Rs3,00,000 crore this fiscal: report
06 Aug 2014
The state-run insurer is looking to invest around Rs45,000 crore in equities alone in the current financial year, says LIC chairman S K Roy
Insurance bill in limbo as opposition seeks clarifications on draft
04 Aug 2014
Congress leader Anand Sharma said his party wanted clarity on the implication of the proposed bill inter alia on the settled definition of 'foreign direct investment' given its composite nature
Cabinet clears 49% FDI in insurance
24 Jul 2014
A higher foreign investment limit in the insurance sector could result in additional capitalisation of insurance companies by between Rs40,000 and 60,000 crore over a period of time
IRDA mulls five-year term for car insurance
22 Jul 2014
Arun Jaitley seeks insurers’ views on FDI cap
20 Jun 2014
HSBC sells UK pension business to Swiss Re unit
12 Jun 2014
Japan’s Dai-Ichi Life Insurance to buy US peer Protective Life for $5.7 bn
04 Jun 2014
The proposed deal is the biggest overseas acquisition by a Japanese life insurer, and the second-biggest takeover of a US company by a Japanese firm in the past 12 months
LIC leads India’s insurance sector with 75.33% share in first year premiums
13 May 2014
LIC continued to lead the insurance business in the country with a growth of close to 18 per cent in first year premium income during 2013-14
ING Vysya rebrands itself Exide Life Insurance after ING exits
06 May 2014
ING Vysya Life Insurance today renamed itself as Exide Life Insurance Co, having got regulatory approval for the change in the wake of the exit of Netherlands-based ING Group from their joint venture
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