Expecting the passage of Insurance Bill to bring in USD 8-10 billion of foreign capital into the industry, Reliance Capital today said it would soon begin talks with foreign partners for its insurance ventures. Beside giving additional stake to its existing foreign partner Nippon Life in life insurance venture, the group also expects to close deals for bringing in new partners for...
Within minutes of Parliament approving higher foreign investment in insurance sector, a number of insurers including from Bharti, Reliance, Max and SBI groups said their overseas partners will raise their stakes in respective JVs to 49 per cent. Welcoming the hike from 26 per cent to 49 per cent, the companies said their foreign partners were keen on a larger equity ...
Online renewals of third party private car and two-wheeler insurance policies are on the rise. Insurers are finding this as a means to widen their distribution network in smaller towns and to cross-sell and up-sell. Bajaj Allianz started offering online renewal facility two years back and today online channel contributes 30 per cent of the renewals, growing at a rate of 30 to 40...
Royal Sundaram, India’s first private general insurance company, on the occasion of World First Aid Day, proudly supported ALERT, a non-profit organization, who has undertaken Golden Hour Care and Emergency Response management as its core project. Under its corporate social responsibility, this is the second time in a row that Royal Sundaram has partnered with ALERT to impart...
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