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Thursday, 11 March 2010
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Home arrow News arrow Life Insurance
Max New York Life Insurance enters into a tie-up with Indian Oil Corporation
Life Insurance
Thursday, 10 July 2008

New Delhi: Max New York Life Insurance Co Ltd,  today announced a tie-up with Indian Oil Corporation. for making available IOC's 2,000 Kisan Seva Kendras across the country for the sale of Max New York Life insurance products. This will allow a significantly larger number of people in rural markets to have access to Max New York Life Insurance products.

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Indian Railways and Max New York Life enter into partnership – fosters enriched customer experience
Life Insurance
Tuesday, 08 July 2008

New Delhi:  Starting Tuesday, July 8, Chennai, Bangalore and Trivandrum Rajdhanis will wear a completely new look.Indian Railway and Max New York Life Insurance in an act of Public Private Partnership (PPP) have joined hands to provide passengers a new travel experience. This is in line with the many inventive and bold decisions to increase customer service standards and profitability of Indian Railways. The PPP will include Indian Railways and Max New York Life, CTS Management (Eureka Forbes) and Peacock Media.

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A.M. Best affirms ratings of Life Insurance Corporation (International) B.S.C. (C)
Life Insurance
Friday, 13 June 2008
A.M. Best Co. has affirmed the financial strength rating of B++(Good) and the issuer credit rating of bbb+ of Life Insurance Corporation (International) B.S.C. (C) (LIC) (Bahrain). The outlook for both ratings remains stable.

The ratings reflect LICs improved and strong risk-adjusted capitalisation, stable financial performance and potential market penetration, offset by its limited financial flexibility.

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Bajaj Allianz to increase capital base by Rs. 5 billion
Life Insurance
Thursday, 12 June 2008
Mumbai, Reuters:  Bajaj Allianz Life Insurance Co Ltd plans to scale up its capital base by Rs. 5 billion during the current fiscal as demand for insurance increases in the fast growing economy, a senior official said.

Its current capital base is Rs. 12.10 billion and the company earned a premium income of Rs97 billion during the last fiscal, according to CEO Kamesh Goyal. The premium income includes fresh premium income of Rs67 billion and more than 90% of its business comes from unit-linked insurance plans (ULIP), he said.

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Max New York Life Insurance achieves 99.84 per cent claims settlement in 2007-08
Life Insurance
Wednesday, 11 June 2008

Gurgaon: Max New York Life Insurance, today announced a achievement of 99.84 percent settlement of claims. At the close of fiscal 2007-08 (on March 31, 2008), Max New York Life had only 0.16 per cent outstanding claims, among the best records in claims management for Indian and worldwide life insurers.

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Metlife enters strategic tie-up with Viswas Retail chain
Life Insurance
Monday, 10 March 2008

Hyderabad, PTI: MetLife India, a subsidiary of global insurance giant MetLife Inc, today entered into a strategic tie up with Viswas, a Hyderabad based retail chain, to offer life insurance and other financial products in the rural areas.

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Metlife makes a move for Brand Repositioning
Life Insurance
Thursday, 24 January 2008

New Delhi: Metlife India is undertaking a brand re-positioning exercise, and will launch a Rs25-crore advertising campaign. The company has also changed its slogan to ‘Peace of Mind Guaranteed´ from the earlier ‘Have you met life today´, as it looks to get in closer touch with Indian customers.

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Reliance Life launches "Express Life" a service for instant cover
Life Insurance
Monday, 08 October 2007

CHANDIGARH: Reliance Life Insurance today launched ‘Express Life’ – as the name suggests a new service to offer instant life insurance cover upto Rs. 10 lakh, within a processing period of three days.

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