Millennium Post

Govt may consider insurance FDI cap to 49%

2 July 2012 7:41 AM GMT
To give a push to reforms, the government may consider raising foreign direct investment [FDI] limit in the insurance sector to 49 per cent from the...

Life insurance reach dropped in 2010-11

16 May 2012 6:21 AM GMT
The country’s  life insurance penetration decreased in 2010-11 from a year ago, although nonlife insurance penetration rose marginally, Minister of...

HDFC Life posts maiden profit in FY12

2 May 2012 6:43 PM GMT
Private insurer HDFC Life today posted its maiden profit of Rs 271 crore in FY12, mainly due to focus on cost containing and efforts on...

NIACL to pay Rs 14.2 lakh for wrong loss assessment of firm

2 May 2012 5:49 PM GMT
New India Assurance Co Ltd (NIACL) has been directed by a consumer forum here to pay over Rs 14.2 lakh to a printing firm for wrongly assessing loss ...
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