Future Generali's proposed stake sale to IITL receives approval

Synopsis's 'Future Generali India Life Insurance Co. Ltd. : Company Profile and SWOT Analysis' contains in depth information and data about the company and its operations. The profile contains a company overview, business description, SWOT analysis, ...

In a bid to pare some its debt, Future Group said its arm Pantaloon Retail has sold 22.5 per cent stake in Future Generali Life Insurance to investment company IITL for an estimated value of over Rs 300 crore.

Kishore Biyani-led Pantaloon Retail on Friday announced the sale of 22.5% stake in Future Generali India Life Insurance (FGILI) to non-banking financial company Industrial Investment Trust Ltd for an estimated Rs. 300 crore. Pantaloon holds 50% stake in FGILI.

Dismantling of the third-party motor insurance pool, and prudent underwriting helped non-life insurance companies post higher profits for 2012-13. State-owned New India Assurance (NIA), the country's largest non-life insurance company, has seen its ...

Future Retail rose 0.68% to Rs 147.20 at 10:15 IST on BSE after the company said it has agreed to sell a stake in its general insurance business to L&T General Insurance Company. The announcement was made before trading hours today, 26 March 2013.

Health insurance, which used to be dominated by general insurance companies, is now drawing a lot of attention from life insurance firms as well. On an average, life insurers have two to three per cent of their business coming from health insurance ...

The Economic Times reported that L&T Finance Holdings Ltd, the financial services arm of L&T, will buy out Future Group company Pantaloon's majority holding in the general insurance JV with Generali Group of Italy for INR500 crore. The insurance ...

Birla Sun Life Insurance posted lapse ratio of 51% Over 16 million investors didn't renew their traditional insurance plans worth Rs. 1.9 trillion (total sum assured) in 2011-12, registering a two-fold jump from 2008-09, according to IRDA's ...

All one wants when taking a term insurance policy is a financially secure future for the family. But, did you know that in 2011-12, some private insurers rejected almost a third of the claims? Shriram Life, are some insurers whose claim rejection ...