Bajaj Allianz general insurance has launched a new insurance policy on Friday. The new policy is branded as 'Insta Insure'. Bajaj Allianz is a joint venture between the Bajaj Group and German insurer Allianz SE. The new products will cover health segment firstly. It will be expanded under other segment on the later stages.
The new policy will work like a SIM card. The price is fixed different for different for different categories. A special code number would be provided for each new product. The policy will be activated y calling or sending SMS with the code number.
State Bank of India (SBI), the country's largest lender, is expected to finalize the terms for General Insurance joint venture with Insurance Australia Group (IAG), a well-known international insurance major by next month.
The bank is presently working on the structure of the joint venture agreement, which it expects to finalise by September, this fiscal.
Galileo, the leading Global Distribution System (GDS), has joined hands with Future Generali to offer best insurance products to the travellers to make travel as convenient as possible.
Galileo's tie up with Future Generali is in line with the company's commitment to launch and introduce value added propositions for the travel agents. The company through its product 'Future Generali Travel Suraksha' will provide risk cover for contingency expenses during overseas travel like medical expenses, financial, and other losses incurred while traveling.
Bharti AXA General Insurance, the latest entrant in the general insurance business, has finally launched its business operations in Indian market.
The company will offer products to cover property, motor, health, personal accident across rural, urban and commercial segments (Large Corporate, Medium enterprises and Small enterprises).
Bharti AXA General Insurance received the certificate of registration from the Insurance Regulatory Development Authority (IRDA) on July 27, 2008.
Munich - The giant German insurer Munich Re said Wednesday it was holding its dividend steady despite investment write-downs leading to a 47-per-cent slump in second-quarter earnings.
The Munich-based reinsurer said net profit in the three months to the end of June fell to 599 million euros (929 million dollars) compared to 1.14 billion euros a year ago.
Last month, the group said the shake-out in global financial markets sparked by the US subprime mortgage-sector crisis meant it could miss its 2008 earnings forecast.
However, the reinsurer said its 2008 dividend would remain at 5.50 euros a share.
terms for General Insurance joint venture with Insurance Australia Group (IAG), a well-known international insurance major by next month.
Galileo, the leading Global Distribution System (GDS), has joined hands with Future Generali to offer best insurance products to the travellers to make travel as convenient as possible.
business, has finally launched its business operations in Indian market. 
