Bajaj Allianz Insurence

Bajaj Allianz Insurence
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11/29/2008 News For:

Bajaj Allianz Insuranceence

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Life Insurance

State Bank's non-life entry to hit New India hard By Venkatachari Jagannathan, Chennai, Nov 28 : Once the state-owned State Bank of India SBI, India's largest lender, enters the non-life general insurance business following its recent tie-up with Insurance Australia Group Ltd. IAG, the country's premier non-life insurer New India Assurance will start losing Rs.2 billion premium income annually.

Regulator has room for improvement, life insurers say The Office of the Superintendent of Financial Institutions needs to improve its service to life insurance companies, according to a new report. On Thursday, OSFI published the report on the results of a survey it commissioned in Spring 2008 concerning its service to the life insurers.