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Max Healthcare to acquire 76% stake in Pushpanjali Crosslay Hospital

India Infoline News Service | Mumbai | May 28, 2015 13:29 IST

Max India Ltd has announced that Max Healthcare Institute Limited, an equal joint-venture between the Company and Life Healthcare, South Africa. (MHC) with both shareholders holding 46% stake each in MHC, has executed definitive agreements on May 28, 2015.

CCI approves AXA to raise stake in Bharti Axa Life Insurance

India Infoline News Service | Mumbai | May 27, 2015 22:30 IST

AXA SA, Europes second-largest insurer, had earlier in March this year had announced its intention to increase its stake in its Indian life and general insurance joint ventures with Bharti Enterprises to 49% from 26%.

SBI General achieves 33% growth rate during 2014-15

India Infoline News Service | Mumbai | May 27, 2015 11:01 IST

Bhaskar J Sarma, MD & CEO of SBI General Insurance said, In the last financial year, SBI General Insurance has emerged as the fastest growing amongst major private general insurance companies. We have grown at a rate of 33% compared to the industry growth of 9.3%.

Assured SKCG joins forces with CIGNA Health Plans

India Infoline News Service | Mumbai | May 26, 2015 19:19 IST

Assured SKCG created the new PEO Platform to allow hedge fund firms at every asset level to address burdensome ACA compliance requirements while providing their employees with valuable benefit packages and a high touch level of service.

Max Bupa signs up with Mastek to offer instant policy issuance

India Infoline News Service | Mumbai | May 26, 2015 15:35 IST

Max Bupa Health Insurance and Mastek, the provider of core insurance systems services to over 120 insurance carriers globally, announced the launch of Indias first Over the Counter (OTC) sales application for its bancassurance partners.

Future Generali FY15 PAT at Rs. 60.29 crore

India Infoline News Service | Mumbai | May 22, 2015 15:37 IST

This is the second consecutive year that the company has reported a profit since it started operations in the year 2007.

Insurance Newsletter - May 18 to 22, 2015

India Infoline News Service | Mumbai | May 22, 2015 10:46 IST

Life moves in tandem with the flow of time, and as the years roll by, inevitable milestones like marriage, children and career alter the scope of life in a manner thats invariably difficult to grasp in foresight or gauge in hindsight.

Gross direct premium in motor insurance may cross Rs. 38K crore by 2016-17: Study

India Infoline News Service | Mumbai | May 21, 2015 18:43 IST

Customers no longer want just an insurance policy but are increasingly asking for services based insurance coverage, for instance the consumer is looking out for options that provide zero depreciation motor insurance cover, enhanced personal accident and hospitalization cover.

Star Union Dai-ichi Life Insurance launches assured income plan

India Infoline News Service | Mumbai | May 19, 2015 16:55 IST

It is designed for the customers who primarily seek tax free supplementary income while ensuring a strong financial protection for the family in case of an unforeseen event.

LIC raises stake in 12 BSE-listed cos

India Infoline News Service | Mumbai | May 19, 2015 10:42 IST

The LICs stake remained unchanged in Tata Steel, BHEL, Vedanta and Tata Motors

Insurance Newsletter: May 11 to 15, 2015

India Infoline News Service | Mumbai | May 15, 2015 13:28 IST

Providing a minimum pension of Rs. 3,000 to lakhs of existing pensioners and crores of prospective pensioners has very huge financial implications, says government

Swiss Re appoints Kalpana Sampat as Managing Director for Mumbai operations

India Infoline News Service | Mumbai | May 14, 2015 11:04 IST

Kalpana Sampat will join Swiss Re on 22 June 2015 and be based in Mumbai.

Max India stock surges 7%

India Infoline News Service | Mumbai | May 14, 2015 10:48 IST

Total traded quantity on the counter stood at over 0.92 lk shares.

Canara Bank allots 4 crore shares to LIC on preferential basis

India Infoline News Service | Mumbai | May 13, 2015 11:43 IST

Canara Bank had to pass a special resolution by shareholders to allot 4 crore fully paid-up equity shares to LIC

Federal Bank offers free insurance cover for gold loan customers

India Infoline News Service | Mumbai | May 12, 2015 15:45 IST

Customers who are not maintaining accounts with Federal Bank can also avail the loan after submitting the required KYC documents

Bharti AXA General appoints Deepak Iyer as CEO & MD

India Infoline News Service | Mumbai | May 12, 2015 15:38 IST

Deepak is expected to come on board by end June, 2015 and will take charge from Milind Chalisgaonkar, Interim CEO and MD after receipt of regulatory approvals by the company

Rushabh Gandhi joins IndiaFirst Life Insurance

India Infoline News Service | Mumbai | May 12, 2015 14:17 IST

Rushabh Gandhi comes with an experience of over 20 years in the financial services industry across various life insurance and banking organizations

LIC's first-year premium income falls to 69% in FY15

India Infoline News Service | Mumbai | May 12, 2015 11:39 IST

The decline in new premium income of LIC was due to discontinuation in selling of ULIPs and a number of other products in the new regulatory regime

Life Insurance as a tax saving tool

Max Life Insurance | Mumbai | May 11, 2015 11:59 IST

If you look at the tax saving financial products available in the market, life insurance is one of the most effective ones for it not only provides financial protection for your loved ones, it also goes a step ahead to offer a host of tax benefits.

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Recent Reports

Lower product prices put pressure on earnings

India Infoline Research Team / 14:59, May 20, 2015

GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices

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