Fraudsters dupe customers of 4 insurance companies

ICICI Prudential Life Insurance Company Ltd (ICICI Pru) has received a tax demand of about Rs 136 crore from the revenue department over alleged service tax evasion.A show-cause-cum-dema...

The Haryana Government has barred ICICI Prudential Life Insurance for three years from doing any further business with it or any of its departments for "intentionally delaying" the process of distribution of annuity to land owners and failure to ...

New Delhi, June 5 (TruthDive): Life insurance industry collections in April 2013 has seen private insurance companies take a lead while the state owned LIC saw a fall. IRDA data shows total premiums of Rs 4965.37 crore for April was collected, a ...

IT officials alleged that the company was paying huge sums of money to their channel partners under different heads in lieu of commission, thereby not paying service tax on the correct amount paid. The Finance Ministry has asked private sector ...

The author, Deepak Yohannan, is CEO of MyInsuranceClub.com, Indias first Web Aggregator for insurance products approved by the Insurance Regulatory and Development Authority (IRDA). For related queries, write to him at deepak@myinsuranceclub.com The ...

The insurance industry, reeling under the impact of macro-economic conditions and low penetration, now has reason to cheer. Insurance firms have seen a higher profit margin for FY13, compared to the previous financial year. The life insurance ...

The Rs 60,000-crore worth Shriram Group has shown an interest in buying HSBC's 26 per cent stake in the Canara HSBC OBC Life Insurance Company. Senior officials from the Group and two other industry representatives, who are familiar with the deal, ...

Insurance Regulatory and Development Authority (IRDA) on Monday said it had asked insurance companies to file a report allegedly for violating norms and misselling insurance products. The sector watchdog, headed by former LIC chief T S Vijayan, said ...

0 Comments, Be the first to comment Moneylife Digital Team | 06/05/2013 04:58 PM | HDFC Standard Life, Bajaj Allianz and Birla Sun Life topped the list of firms against whom consumers have filed complaints with IRDA for unfair business practices.