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ICICI Prudential News
Rs 1.18-cr fine on ICICI Pru for breach of agent fee norms The insurance regulator has slapped a fine of Rs 1.18 crore on ICICI Prudential Life, India’s second-largest private life insurer, for violating norms pertaining to commissions paid to corporate agents, referral agents and brokers. The insurer was charged on six counts after the Insurance Regulatory and Development Authority (Irda) conducted inspections between November and December 2010 for
ICICI Pru Life to use multiple CEOs to drive profitability
ICICI Prudential Life Insurance has created a new formula to drive profitability and growth in the organisation, an integrated geographic structure. This change from a vertical structure to a
Top pvt life insurers shut 1,500 branches in 2 years
With “profitable growth” replacing “expansion drive” as the buzzword in the sector, the country’s top private life insurers have significantly reduced branches and
Piramal Healthcare like Berkshire Hathaway: Piramal
Cash is not king for schemes
NPS subscribers to have six firms to buy annuities from
Subscribers to the New Pension System (NPS) would have a choice of six insurance companies from which they can buy annuity products after exiting the scheme. Annuity products are those designed to ICICI Prudential Galleries
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