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Aug
12

Allianz and Volkswagen Extend Old Partnership and Target BRIC

Allianz Global Automotive and Volkswagen Financial Services have recently signed a letter of intent which will see the two companies agree to continue collaborating and strategically expand their 60 year old successful partnership.

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Jul
30

Bharti Axa Planning to Hire 2,000 New Employees by Years End

Based on brisk business in motor insurance and the expanding health insurance industry in India, Bharti Axa seeks to hire 2,000 new employees to capitalize on growth opportunities. Bharti Axa, which is a joint venture between Bharti Enterprises and international insurance company AXA Group, had earned INR 3.2 billion (USD 68.7 million) in the 2010 financial year, a 1000 percent increase over…

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Jul
29

FICCI Releases Report Aiming to Improve Healthcare through Insurance

The Federation of Indian Chambers of Commerce and Industry (FICCI) has released the results of the developmental framework to provide high quality healthcare through insurance in a document titled "Health Insurance Report, 2010". Among the recommendations to give a boost to the health insurance sector, the report highlights the need for creating consumer awareness and satisfaction, quality healthcare delivery, improved insurance services, and an increased level of trust between insurers and healthcare providers.

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Jul
28

Indian Insurer Reliance Life Insurance to Hire Additional Employees

Reliance Life Insurance, an Indian life insurance company owned by the Reliance - Anil Dhirubhai Ambani Group, is planning on hiring large numbers of new sales managers and insurance agents to meet its ambitious goals for expansion. Reliance Life Insurance intends on hiring 3,000 new sales managers and 150,000 new insurance agents by the end of the Indian fiscal year, which runs from April 2010…

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Jul
12

6-Million Policy Milestone Crossed by Reliance Life Insurance

In less than five years Indian Life Insurance company, Reliance Life Insurance, has crossed the 6-million policy milestone it had set and now aims to achieve an overall premium of US$4.28 billion (EUR 3.4 billion) within the next two years. Reliance Life Insurance is an associate partner of Reliance Capital, part of Reliance Anil Dhirubhai Ambani Group.

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Jun
30

Future Generali unveil new Indian Insurance Products

Future Generali India Life Insurance has unveiled two new products which are ready to go on sale in India in the near future; a Net Asset Value (NAV) unit linked insurance plan, Future Generali NAV Assure, and health plus term life insurance plans. Future Generali's new Net Asset Value (NAV) unit linked plan, Generali NAV Assure, is set up to maximize the growth potential of the policy while…

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May
03

Max Bupa opens doors for business in India

Max Bupa Health Insurance, the India-based joint venture between Max India Ltd. and Bupa, has launched its business and revealed its first product on April 29th, 2010. The Max Bupa Health…

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Mar
30

ASSOCHAM projects US$22.2 billion General Insurance Premiums in 5 Years

Citing the massive increase in awareness to insure themselves against possible causalities, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected that premium from General Insurance will rise to levels of close to US$22.2 billion (EUR 16.4 billion) in the next 5 years.

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Mar
09

Bharti AXA General offers discount in honor of International Women's Day

Indian company, Bharti AXA General Insurance Co. Ltd. announced on the eve of International Women's Day (March 8th) that they will be offering a 10% discount for all health insurance products for women all over the country. "The purpose of our Women's Day special promotion is to express our support to women across the country…

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Feb
26

Max Bupa gets Certificate of Registration from IRDA

Max Bupa Health Insurance, the general insurance joint venture between Max India and Bupa has been given its Certificate of Registration or R3 form, by India's Insurance Regulatory and Development Authority (IRDA). This brings the total number of general insurers registered in India…

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