GCETMBA.com - Business News Update


L&T General Insurance Company Limited to commence Operations; receives R3 approval from IRDA
L&T General Insurance Company Limited, the general insurance arm of the $9.8 billion Larsen & Toubro Ltd. (L&T) would commence its operations soon. The company has received the necessary license from the Regulatory Authority for commencing the business operations.
IDBI Fortis expands in the Capital
IDBI Fortis Life Insurance formally launched its second branch in New Delhi today. The branch is located at the heart of the city in Connaught Place - 9th Floor Kanchanjunga, Plot No. 18, Barakhamba Road, New Delhi.
IDBI Fortis reaches the land of Pandavas
IDBI Fortis Life Insurance formally launched its branch at Panipat today. The branch is located on the 1st Floor Excel tower, Khasra No. 3673, Naka Pati Rajputan, GT Road, near Sanjay Chowk, Panipat.
Pankaj Desai appointed Managing Director of Kotak Life Insurance
Mr. Pankaj Desai has taken over as the Managing Director of Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance). He succeeds Mr. Gaurang Shah who has moved to the parent Kotak Mahindra Group as the head of its Domestic and International Asset Management and Life Insurance businesses. Mr. Desai, a Chartered Accountant, has been part of Kotak Mahindra Group in varying capacities for over a decade. He joined Kotak Life Insurance in 2006 in the capacity of Executive Director.
Exhilway Finance India enters into Joint Venture with Kane Asset Management
Exhilway Finance India have entered into joint venture with Chicago based Kane Asset Management Company to fasten the process of expansion in India.
HDFC Standard Life Launches Protection Plan with Premium Guarantee
HDFC Premium Guarantee Plan provides twin advantages - protection and return of all premiums paid, at the end of the policy term
Now pay your BSLI insurance premium at a Suvidha kiosk near you....
Birla Sun Life Insurance enters into a tie-up with Suvidha Infoserve for premium payment, Policyholders can make their premium payment at additional 22,000 Suvidha outlets
HDFC Standard Life among India's Best Companies to Work for in 2010
Ranks first in the insurance category and 34th among India's Top 50 Best Companies to Work, 2010
ICICI Lombard Health Insurance Guide - narrowing the insurance gap
The Health Insurance Guide breaks down the results into three categories. Category 1 shows the ideal insurance coverage you should have. Category 2 highlights the insurance gap you face, given your current insurance policies. Category 3 shows what ICICI Lombard ....
Munich RE implements StepStone Solutions
Munich Re has implemented StepStone Solutions Performance Management to provide consistent performance reviews for around 400 of its UK employee
Bajaj Allianz launches Easy Householders Packaged Policy - an easy-to-buy home insurance
Bajaj Allianz General Insurance, one of the leading private general insurance companies in India has launched Easy Householder's Package Policy - a comprehensive and simplified home insurance policy.
BAJAJ ALLIANZ LAUNCHES 'TWO BRIGHT FUTURES' PROGRAM
Bajaj Allianz will set aside Rs. 100 towards funding the education of an under-privileged child for every Child Insurance plan sold More than Rs. 4 lakhs handed over to Aseema Trust in the first phase
OSS Retails Partners with Life Insurance Corporation (LIC) to offer premium payment facility in India
OSS Retails the fastest growing corporate entity globally has alliance with Life Insurance Corporation (LIC) to facilitate existing policy holders an alternate channel for premium payment across India through OSS Retails distribution network.
Olson buys 5.26 pc of Exhilway Finance for Rs 326 cr
Olson Private Equity Fund (OPEF) has picked up around 5.26 per cent in Canada based Exhilway Finance for Rs 326 crore. At this price company is valued at Rs 6197 crore.
Leading North West Law Firm Welcome New Partner
Marsden Rawsthorn has announced the promotion of Sahida Ahmed to partner bringing the partner headcount to 13.
IDBI Fortis redefines endowment & money back with IncomesuranceTM
Product innovation for transparency; Guaranteed income increases with every premium paid; Choice of Endowment or Money Back in one product; Tax deduction u/s Sec 80C and tax free income u/s 10(10D)
ICICI Lombard General Insurance delivers strong growth in profits
Profit after tax increases to Rs. 144 crore for the year ended March 31, 2010 from Rs. 24 crore for the year ended March 31, 2009. - Maintains leadership position amongst private sector General Insurance Companies by garnering a gross written premium (GWP) of Rs. 3,694.7 crore for the year ended March 31, 2010. - Solvency Ratio stands at 2.07 times as at March 31, 2010 as against the minimum of 1.5 times prescribed by IRDA.
ICRA reaffirms the iAAA rating for claims paying ability of Bajaj Allianz General Insurance Company Limited
RATING HISTORY Maturity Date Rating Outstanding Previous Ratings - April 2010 Nov. 2008 Mar 2006 Claims Paying Ability - iAAA iAAA iAAA
BOUTIQUE LA FLEUR GO GREEN
In today's lifestyle we are careful not to eat food that has been subjected to pesticides and toxic chemicals, but what about our clothes? Some of the clothing we wear next to our skin has been treated with chemicals.
Volcanic ash implications - Marsh
Marsh offers risk and insurance advice for affected organisations following Iceland's volcanic ash disruption
AEGON Religare Life Insurance (ARLI) ties-up with Asia's Largest Cooperative Bank
AEGON Religare Life Insurance (ARLI) announced its first bancassurance tie-up with Asia's largest cooperative bank, the Nashik District Central Cooperative Bank (NDCC).
AEGON Religare Life Insurance Launches Money Back Plan
A Life insurance plan with guaranteed benefits at the end of the policy term and money back at specified intervals pre-maturity.
Bajaj Allianz launches Invest Plus Premier - an easy to buy traditional plan
Offers Guaranteed Investment Return (GIR) for each financial year; Continuation of cover after payment of atleast 3 annual premiums; Loyalty Addition from 11th Policy year onwards; Minimum premium as low as Rs.6000/-
Traffic on insurance website MyInsuranceclub.com grows 50% on a month-on-month basis.
In less than 2 weeks of it's launch, the website traffic at MyInsuranceClub.com increased almost 50% on a month-on-month basis. "Some of this has to do with the fact that people are looking to buy insurance as a tax saving tool.