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The forum said not conducting medical tests before issuance of policy and then repudiating the claim in the guise of an investigation was unfair trade practice. ....
Bucking the overall positive market trend, insurance stocks declined up to 5 percent in trade today (Friday, December 15), after the IRDAI proposed a higher surrender value and lower charges for life insurance companies in a consultation paper. ....
Pinebridge Capital Investments, Morgan Stanley Invesment Management, Millennium LLC, Jupiter Asset Management, Moon Capital Management LP and US based trading firm Jane Street Capital are among the large foreign investors who have placed bids, people familiar with the details said. ....