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SBI Life posts higher quarterly profit, expects margins to improve

SBI Life posts higher quarterly profit, expects margins to improve

by AIP Online Bureau | Jul 24, 2026 | Indian News, Life

“We have definitely seen the margin bottoming out,” SBI Life MD and CEO Amit Jhingran said in a post-earnings ​call. “Going forward, with ​higher focus on ⁠individual policies, margin is going to be towards the upper range of our guidance.”...
Govt to roll out common customer ID for banks, insurers; mutual funds to follow, sources say

Govt to roll out common customer ID for banks, insurers; mutual funds to follow, sources say

by AIP Online Bureau | Jul 24, 2026 | Eco/Invest/Demography, Indian News, Technology

The new system, known as Central Know-Your-Customer 2.0 (CKYC), will only require the customer’s consent for these institutions to fetch data stored at a central registry when opening an account or updating their details. Mumbai: Indian banks and insurers will...
Rekha Jhunjhunwala transfers Star Health shares to promoter LLP in succession-linked move; stock slips

Rekha Jhunjhunwala transfers Star Health shares to promoter LLP in succession-linked move; stock slips

by AIP Online Bureau | Jul 24, 2026 | Eco/Invest/Demography, Health, Indian News, Wealth Management/ Philanthropy

The insurer said Rekha Jhunjhunwala’s direct stake declined after 7.82 crore equity shares were transferred to Sitara Partners LLP, a promoter entity in which she is a Designated Partner, following the transmission of shares inherited from the estate of late...
India, Middle East, and African re/insurance markets witness decline in rates across all lines in Q22026

India, Middle East, and African re/insurance markets witness decline in rates across all lines in Q22026

by AIP Online Bureau | Jul 23, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Pricing for general liability varied by region, with India and the United Arab Emirates seeing the largest declines. Mumbai:India, Middle East, and African re/insurance markets have witnessed a decrease in rates across all lines in the second quarter of 2026, said a...
New India aims for 50:50 corporate-retail portfolio as insurance sector enters new era

New India aims for 50:50 corporate-retail portfolio as insurance sector enters new era

by AIP Online Bureau | Jul 23, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Technology

From Lto R- G Srinivasan, MD& CEO, Galaxy Health Insurance, SK Kanwar, advisor, Reliance Industries,S. Sivasankar, executive director, New India Assurance(NIA),Girija Subramanian, CMD, NIA at NIA’s 108th Foundation Day celebration on Wednesday in Mumbai...
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