Leapfrog has invested $ 15 million into Shriram Group, a Chennai-based financial services company, and they plan to extend quality insurance, investment, savings products etc to underserved Indian markets.

Shriram Group offers financing, retail brokerage services, insurance to customers. The company will now target lower-end mass market with insurance rather than loans. Shriram group will offer life insurance coverage of up to Rs 5 lakhs (approx) for a premium of around Rs 1000, to its target...  Read More »

Insurance Regulatory and Development Authority (IRDA) has released the business figures of all general or non-life insurance companies in India. For the month July 2011, these companies have collectively recorded an 18.5% growth over their premium collections in July 2010.

New India Assurance, the country’s largest non-life insurer, has collected Rs 707.15 crore for the month of July this year, with a growth of 18.2% over its collections in July last year. The other 3 public sector insurance...  Read More »

Bharti AXA General Insurance Company Ltd and Shriram General Insurance Company Ltd have almost doubled their premium collections this year.

Bharti AXA GI is a 74:26 joint venture between Bharti Enterprises and AXA Group. Between April 2009 and February 2010, Bharti AXA GI had collected only Rs. 244.06 crore. According to the latest data submitted by all the non-life insurance companies, Bharti AXA GI has collected Rs. 491.23 crore in premiums for the period April 2010 to February 2011....  Read More »