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Bangalore, Karnataka, India Key features: Comprehensive cover for Heart and Cancer related conditions First fixed benefit plan to cover heart related conditions Double Claim Benefit: Claim in addition to any existing health insurance Premium Funding Benefit for 5 years under moderate conditions Tax Benefits on premiums under Section 80D of Income Tax Act, 1961 Exide Life Insurance, an established and profitable Life Insurance Company, today announced the launch of Exide Life Sanjeevani. Exide Life Sanjeevani is first fixed benefit health insurance solution by a life insurance company offering comprehensive coverage against all prevalent Heart and Cancer related conditions. Heart and Cancer related conditions are very common. While advancement of health care has increased the chances of survival from these critical illnesses, the extremely high cost of treatment can be a huge cost. That’s where Exide Life Sanjeevani steps in to help you be prepared financially. The plan is distinct...

New Delhi, Oct 3:   Reliance Nippon Life Insurance has a new Chief Executive Officer (CEO) in Ashish Vohra. Vohra joins Reliance Nippon Life Insurance from Max Life Insurance where he spent 8 years and served as Senior Director and Chief Distribution Officer. Vohra, a mechanical engineer from IIT BHU and an MBA from IIM Bangalore, brings with him over 25-years of experience from working with various companies including Max Life Insurance, Fullerton India Credit, Citibank and Eicher Motors. Commenting on the appointment, Sam Ghosh, Executive Director and Group CEO, Reliance Capital, said that the Board is delighted to appoint Ashish Vohra as the new CEO of Reliance Nippon Life Insurance. “We believe under his leadership, Reliance Nippon Life Insurance will accelerate its pace of growth and profitability and rank among the top three insurance companies in next few years,” Ghosh said.

Kolkata:         &n bsp;  To facilitate commercial vehicle owners in India, GIBL.IN has introduced online commercial vehicle insurance for the first time in India . Owners can now avail the commercial vehicle insurance policy at the lowest price after comparing over 25 insurance companies in India including PSUs at GIBL.IN. According to an official press release GIBL has become the prime one stop destination in India for all types of commercial & private vehicle insurance needs . Customers can purchase and download the policy document anytime and the renewal can be done online in just a few minutes. “Commercial vehicle owners now can just take a photo of their existing policy and send via Whatsapp for quick online renewal” – said Subir Mukherjee, the Founder Director of GIBL.IN. The release said these technological advancements have made GIBL stands out from its competitors.  Mr. Subir Mukherjee further added – “ We give...

Bangalore, Karnataka, India Mahendra Singh Dhoni (“Dhoni”) will feature in a marketing campaign of Exide Life Insurance based on the theme “Lamba saath, bharose ki baat.” (Long term relationships build trust) The campaign reinforces the fact that one should buy life insurance for the long term Exide Life Insurance, today announced Mahendra Singh Dhoni(“Dhoni”) as its brand ambassador. Dhoni, who represents the aspirations of millions, has a strong mass appeal and followership compared to any other sporting icon in India. Dhoni is the perfect brand ambassador for Exide life Insurance as he embodies the values of Exide life Insurance. He is Dependable, Dynamic, Responsive and Foresighted.   “Dhoni represents a unique blend of skill, commitment and stability which are all personality traits that are relevant to the life insurance category” stated, Mohit Goel, Director-Marketing, Exide Life Insurance. “As a life insurance company, we believe that long term relationships build trus...

HDFC Standard Life Insurance on Friday said it has agreed with Max Financial Services and subsidiary Max Life Insurance to open exclusive merger talks , as the trio target an increased share of domestic insurance market. Shares of Max Financial Services and HDFC rallied sharply today . Bhavik Hathi of A&M India told NDTV Profit than the deal shows the path that the insurance industry is going to take ahead. Max Life would be able to gain access to HDFC’s bancassurance network, he added. Bancassurance enables insurance companies to sell their products to the bank’s client base. “There is clear wave of consolidation happening. We have seen HDFC doing something similar on the general insurance side as well,” he said. HDFC’s general insurance arm HDFC Ergo earlier this month agreed to buy L&T General Insurance in an all-cash deal for Rs 551 crore. Analysts said Max Life’s and HDFC Standard Life’s businesses were complementary, which may be one reason why the two companies have dec...

Mumbai : Life Insurance Corporation (LIC) has had a good run in the Gulf countries with its Bahrain-based arm, LIC International, that manages the GCC markets becoming the best among its eight international subsidiaries in terms of new business premium collection in 2015. Bahrain-headquartered LIC International is present in five Gulf Cooperation Council (GCC) countries of Bahrain, Dubai, Kuwait, Oman and Qatar. This subsidiary has contributed over 80 per cent of the corporation’s total overseas business in terms of new business in 2015. The corporation also has eight overseas subsidiaries – Britain, Fiji, Mauritius, Bahrain, Nepal, Sri Lanka, Kenya and Saudi Arabia. “New business premium of LIC International grew by a whopping 197 per cent at $121 million in 2015,” chief executive and managing director of LIC International Rajesh Kandwal told  PTI. “We sold 13,120 policies in 2015, which is a growth of over 16 ...

The District Consumer Disputes Redressal Forum-III here directed Max Bupa Health Insurance Company Limited to return Rs.1,15,353 along with a compensation of Rs.50,000 to a customer for deficiency in service. The order based on a complaint from Syed Tajuddin Khandri, a resident of Gandhi Nagar, who wrote to the forum that the insurance company had refused the ‘cashless treatment’ facility for his wife in spite of having a valid policy effective from January 17, 2013, which was valid for a year. His spouse, Syed Khazima, was admitted for surgery at Aditya Hospital at Boggulkunta on November 27, 2013. Mr. Khadri in his petition wrote that in spite of raising a request to solve the matter in March 2015 by writing a letter to the company, the matter was not resolved. In its response, the Max Bupra Health Insurance Company Limited alleged that Ms. Khazima’s weight was ‘misrepresented’ as 73 kilograms when the policy was taken, whereas her weight was over 100 kg for the last three to four...