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Samsung Life set to buy 26% in ING Insurance

Exide Industries, which fully-owns ING Life Insurance, is in advanced stages of negotiations to sell 26 per cent of its stake to Korean insurer Samsung Life. Samsung Life set to buy 26% in ING Insurance Sources close to the development said Exide had been scouting for a potential buyer for quite some time, adding Samsung […]

IRDA asks SBI Life to refund Rs 275 crore

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MUMBAI, March 12, PTI: In a move that will benefit 7.5 lakh borrowers of State Bank of India Group, the insurance regulator has asked SBI Life to refund Rs 275 crore of premium collected from policyholders, which makes it the biggest refund order in insurance history. The life insurer, which was earlier fined for mis-selling […]

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