Sentences with phrase «insurance venture»

This is one of the largest general insurance ventures in Indian insurance market.

They are also responsible for the inspection of property to ensure it's a worthy insurance venture.

Anil Ambani Group's life insurance venture Reliance Life has registered a 33 per cent rise in its total premium income to Rs 1,201 crore for the quarter ended June this fiscal.

Indian promoters are seen to be gaining more stronghold in insurance ventures in the country.

The announcement is the latest for bitFlyer, which raised ¥ 510m ($ 4m) as part of a funding round last August that included Dentsu Digital Holdings, Mitsubishi UFJ Capital Co, Mitsui Sumitomo Insurance Venture Capital Co and Venture Labo.

Public sector lender State Bank of India (SBI) today received final approval for its general insurance venture from the sectoral regulator IRDA.

Over the past 18 months, there have been at least six instances of stakeholders in insurance ventures expressing their desire to exit

Other players like ICICI Prudential Life sold as many as 17.6 lakh policies, while insurance venture promoted by SBI covered 13.5 lakh lives during the year.

With the change in the name, the life insurance venture hopes to capitalise on the synergies it can share with Bajaj Allianz General Insurance Company.

These insurers included HDFC Standard Life, the life insurance venture of HDFC group, which is already engaged in mutual fund business through HDFC Mutual Fund.

Many major banks in the country, including SBI, ICICI Bank and HDFC Bank, have insurance ventures within their groups and they act as their insurance brokers.

With this regulatory change, domestic LLP would be able to pick up stake in an existing insurance venture or can float a new venture.

Videocon Industries has sold its stake in the joint insurance venture Liberty Videocon General Insurance Company to reduce the debt it has accrued over the past few years.

Allianz has minority stakes in both Bajaj insurance ventures — Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company.

As a result, the exchange raised 510 million yen ($ 4 million) from a group of investors including Dentsu Digital Holdings, Mitsubishi UFJ Capital Co, Mitsui Sumitomo Insurance Venture Capital and Venture Labo.

Sources in the Future Group said this was primarily due to the fact that their general insurance venture was on the verge of break - even and had a good opportunity even as a standalone player.

Conduct inspection of property to verify its condition and determine if it's a worthy insurance venture

SBI has proposed to sell about 10 % stake of its life insurance venture, while for general insurance subsidiary it may be up to 23 %.

Petco, which has 1,500 stores across the United States, Mexico and Puerto Rico, sees the insurance venture as a way to help pet owners pay for veterinary care.

The sale will bring down the bank's stake in the insurance venture to 64 per cent and bring in Rs 1,550 crore.

Prism Cement Limited holds a 74 % stake in the company while QBE Holdings has the remaining 26 % stake in the general insurance venture.

Tata Group holds a 74 per cent stake in the insurance venture, while AIG holds the remaining 26 percent.

Also, most of the private insurers have partnered with the international insurance players to bring up their insurance venture.

With its JV partner increasing the shareholdings, SBI's market share will reduce to 64 % in the insurance venture.

The company had more deals too, including 2 % stake in the insurance venture with an investment vehicle of the government of Singapore, namely Temasek and 9 % stake in the general insurance with Fairfax Financial Holdings of Canada.

Earlier, foreign partners in Aegon Religare, Birla Sun Life and Reliance Life Insurance also hiked their stakes to 49 per cent while ICICI sold small stakes in its insurance ventures.

In addition, the life insurance venture has established 100 more satellite branches, taking its coverage to 160 branches across 156 towns.

In December 2014, HDFC had said Azim Premji Trust would buy 0.95 per cent stake in its life insurance venture, HDFC Life, for Rs 198.9 crore.

The funds were invested as per the shareholding pattern, a statement from the insurance venture IDBI Fortis Life Insurance said on Tuesday.

IDBI Bank, Federal Bank and Fortis Insurance International have together invested 2.5 billion rupees in its life insurance venture to expand business.

SBI said that its home and car loan borrowers, who do not have any insurance cover for their loan liabilities, may opt for the policies being offered by SBI's insurance venture.

The sources added Future Group had planned to raise Rs 1,000 crore by monetising its two insurance ventures.

HDFC, in August, announced selling little over 17.95 crore shares in the insurance venture to Standard Life for more than Rs 1,700 crore.