Life-News

Contingent workforce continues to thrive in Asia Pacific: Report

Facts       Sep 23, 2018

  Companies in the Asia Pacific region including India are integrating freelancers, independent contractors and consultants at a rapid rate into their existing pool of employees, says a report.    According to a KellyOCG's Workforce Agility Barometer report, one in four C-suite leaders in Asia-Pacific reported that...

India Post invites proposal for consultancy on setting up insurance arm

Indian News       Sep 20, 2018

  New Delhi: India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.  "The consultant will prepare project report on setting up of Postal Life Insurance (PLI) Strategic Business Unit (SBU), impact assessment, conversion into...

Indiabulls applies for a license to float a life insurance co

Indian News       Sep 17, 2018

  Mumbai: A move that may end the drought of new players in the sector, the Indian life insurance sector will soon see an entry of a new venture as the Indiabulls group,owning the second largest private sector housing finance company in the country, is once...

  Rajesh Kandwal,CEO & Managing Director,  Life Insurance Corporation (International) BSC (c), Bahrain

``We have initiated steps to obtain a Branch License in Qatar’’

Interviews       Sep 16, 2018

  How has been your performance in 2017 in terms of premiums, policies, claim settlement and profitability? The company has done quite well in the year 2017. We have posted good performance in all areas of operation and stands out as one of the major players...

HDFC Life's CEO to head Axis Bank

Indian News       Sep 08, 2018

  Mumbai: Amitabh Chaudhry, MD & CEO at HDFC Life Insurance, has been appointed managing director and chief executive of Axis Bank for a three-year term. He will take charge on January 1, 2019.Chaudhry has has resigned from the post. will   Chaudhry, 54, succeeds the current...

S.C. Khuntia,,chairman,IRDAI

New norms soon for facilitating innovative products by insurers: IRDAI Chief 

Indian News       Sep 07, 2018

  Mumbai: The Insurance Regulatory and Development Authority of India (IRDAI) Friday said it will set the timeline to reduce LIC’s shareholding in IDBI Bank from 51 percent to 15 per cent.   However, it added that the timeline will only be set after looking at LIC’s...

Jan Dhan Yojana: Govt doubles overdraft limit to Rs 10,000

Indian News       Sep 05, 2018

  New Delhi: The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts. Briefing reporters about the cabinet decision, Finance Minister Arun Jaitley said as the scheme has been...

Will Govt pay for LIC losses on IDBI investment, asks Delhi HC

Indian News       Sep 04, 2018

  Mumbai: The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with having banking operations since 2000.  ...

LIC to explore open offer for IDBI Bank shares

Indian News       Sep 04, 2018

New Delhi: Economic affairs secretary S.C. Garg on Tuesday said Life Insurance Corp (LIC) will explore an open offer in IDBI Bank. Market regulator, the Securities and Exchange Board of India, will decide on open offer exemption, he added.   He also said the LIC board...

US life insurer Prudential joins Direct-to-Consumer Movement

International News       Sep 04, 2018

  New York: US based life insurer Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field.   The direct-to-consumer service marks...

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