Page 58 - M Saraswathy

LIC planning to invest Rs 2.25 lakh crore this year

To open offices in all tier-IV towns by end of FY14

HDFC Life launches cover compliant with new traditional product norms

The new product, HDFC Life ClassicAssure Plus, is a protection cum investment plan with limited premium payment term

Insurance industry sees rise in profitability

After reeling under the impact of macro-economic situations, low penetration, the sector is finally seeing good results

Banks to have multiple structure options to tie-up with insurers

Banks would now have options to tie up with nisurers as a corporate agent, a broker or in a particular zone

Irda gears up for product refiling process

S Roy Chowdhury, Member (Life) Irda says regulator to involve more staff to approve products

Irda to have new formula for persistency

The regulator will disclose new formula in next few weeks

Over 36 lakh insurance agents terminated in last 4 years

Life Insurance Council says companies need to augment their agency force with 15-20% growth every year in number of agents

Over 36 lakh agents terminated in 4 years: Life Council secretary

The life insurance industry has seen a net reduction of 7-8 lakh agents in the same period

Insurance industry sees rise in profitability

Life insurance, which has seen slowdown in new business premium collection, has also fared better in terms of profitability

IDBI Federal posts maiden profit in 5 years

The company expected to launch group pension this fiscal

Demand for liability insurance on the rise

Insurers in ops for 3 years can set up foreign branches

Irda to examine NOFHc structure for insurance companies

As per present rules, a subsidiary company cannot hold stake in an insurance company

Majority of companies face talent attraction-retention challenge

92% organisations in India experience challenges in attracting talent with critical skills, over 75% in retaining high performing talent

Zee Learn on expansion drive

The company had posted a net loss of Rs 7.68 crore in the last quarter of 2011-12

Marsh India eyes 30% growth

Looks to consolidate position in big cities

Thomas Mathew appointed interim chairman of LIC

S K Roy elevated to post of managing director

S K Roy takes charge as LIC managing director

He was zonal manager of North Central Zone from 2009 to 2011 and from 2011 to 2013 he was in charge of Eastern Zone, one of the premier zones of the corporation

CORE Education Q4 net down 35.7%

Net sales of the company dropped 7.7% in Q4 vs the same period last year

Several positive signals on horizon: Ficci on GDP data

However, Ficci said that low growth though anticipated brings in some disappointment, least in almost ten years