Max Life

LIC's market share falls to 70% as premium collection dips by 21%

LIC the country's largest insurer, has seen its market share slip to 70 percent this fiscal as its new business premium shrunk by over 21 percent in April-December period.

IRDA fines Max Life Rs 55 lakh for violating outsourcing guidelines

Insurance sector regulator Irda has slapped a penalty of Rs 55 lakh on Max Life Insurance Company for violating clauses under outsourcing guidelines.

Insurance cos hope sector revival follows economic recovery

Lack of political consensus kept the long pending Insurance Bill a pipe-dream in a year that saw allegations of money laundering being levelled against some operators, an increase in investment exposure and the industry's continuous fight against the slowdown.