Insurance – Feedback


Investors cheered Phoenix Group Holdings’ acquisition of Standard Life Aberdeen’s insurance unit Friday, a deal that will triple the UK company’s life-insurance assets. Phoenix rose as much as 7.6 per cent to a record in London after it announced the £3.2 billion ($4.5 billion) deal. As part of the transaction, Standard Life Aberdeen will get […]

In a bid to bolster its strength in the affordable and mid-income housing projects across metros in the country, Piramal Finance has decided to invest Rs.3,000 crore in the segment and will also scale up the investments to $2 billion by 2020, MD, Piramal Finance, Khushru Jijina said, reiterating that the company has aimed at […]

After the initial public offering (IPO) of New India Assurance last year, Kolkata-based National Insurance was next in line for an IPO early next financial year. However, now with the government proposing the merger of 3 public sector general insurance companies -— Oriental Insurance, National Insurance and United India Assurance — National Insurance will now […]

National Highways Authority of India (NHAI) has sanctioned Rs.3,680 crore to complete the five national highways in Tamil Nadu. The national highways will cover a length of about 221.48 km across the state. The five roads are–Chennai-Tada road-NH 5, Karaikudi-Ramanathapuram road-NH 210, Sethiyathoppu-Cholapuram and Cholapuram-Thanjavur (NH 45C) and Oddanchatram bypass road-NH 83. NHAI has allotted […]

Insurance heavyweight Aviva India is seeing a spurt in business from small and medium enterprises (SMEs) and expects the segment to come up on its own, a top official has said. Anjali Malhotra, Chief Customer, Marketing & Digital Officer at Aviva India, told that the SME line of business is trending at 6-10 per cent […]

Reliance General Insurance Company Ltd on Friday said it has signed a comprehensive Bancassurance agreement with YES Bank to distribute its various products. In a statement issued here, Reliance General – a subsidiary of Reliance Capital Ltd – said the bancassurance agreement – corporate agency agreement – has been inked to distribute insurance products to […]

Max Bupa Health Insurance (MBHI) has launched health ATMs — the first such innovation in the country. These machines will conduct non-intrusive medical tests and issue health policies for up to Rs.10 lakh without manual intervention. Health ATMs will initially be installed in branches of banks that partner Max Bupa for distribution. “This will simplify […]

Reliance Capital,Financial services arm of the Anil Ambani-led Reliance Group, is planning to launch a standalone health insurance venture. Company already offers health insurance products and the move to have a standalone offering is to increase retail presence in the already cluttered mediclaim segment.Addressing the shareholders at his maiden annual general meeting here today, Jai […]

Mumbai based digital payments company and financial exchange Ebix’s ItzCash, has partnered with non life insurance provider HDFC ERGO to offer general insurance products through its physical retail outlets. With Ebix’s major play as one of the world’s largest insurance exchange, this association will further strengthen ItzCash’s position in the Financial Exchange market. Partnership inked […]

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