Rishi Mehra, CEO, India and Head of Strategy, Human Capital, Asia...
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DPIIT notifies 100% FDI in the insurance sector
The Department for Promotion of Industry and Internal Trade (DPIIT)...
New Sabki Raksha (Amendment of Insurance Laws) Act, 2025 comes into force from Feb 5
The government notified that Sabki Raksha (Amendment of Insurance...
Axis Max Life Insurance join hands with Muthoot Microfin
Axis Max Life Insurance has entered into a strategic partnership with Muthoot Microfin Limited. The partnership aims to accelerate life insurance penetration in India’s underserved Tier 2 and Tier 3 markets, providing essential financial protection to millions of...
IRDA imposes Rs 1cr fine on Wealthkart Insurance Broking
The IRDA, on Jan 22, has imposed a fine of Rs 1 crore on Wealthkart Insurance Broking for not seeking its prior approval while effecting substantial changes in shareholding of the company. Broker effected changes in its shareholding on 19th September, 2023. The...
Alliance Insurance Brokers appoints Aatur Thakkar as CEO and Principal Officer”
Mumbai based Alliance Insurance Brokers has appointed Aatur Thakkar as its CEO and Principal Officer, succeeding founder Shashikant Thakkar, who will continue in a strategic advisory role. Under Aatur’s leadership, the company aims to scale premiums under management...
Bajaj Gen Insurance unveils a rider exclusively for fetal health
Bajaj General Insurance on Wednesday unveiled ‘Fetal Flourish’, a pioneering insurance rider crafted exclusively for fetal health. This unique solution extends financial support for advanced in-utero procedures and high-risk pregnancies, an area that has long remained...
Aon promotes Neha Shah as head of its Life and Health (L&H) business India
International broker Aon has promoted Neha Shah as to head its Life and Health (L&H) business India. Shah, an actuary, who had joined Aon's L&H team last year, will be responsible for leading and supporting the strategy execution for the reinsurance business...
Aviva Life launches a fixed health benefit plan with wellness rewards
Aviva India has announced the launch of Aviva Smart Vitals, an individual non-linked, non-participating, pure risk health insurance fixed benefit plan that provides comprehensive protection against critical illnesses. The base sum insured starts at Rs 10 lakhs, with...
Joshi gets another 3 month extension as acting GIC Re CMD
The government has extended the appointment of Hitesh Ramesh Chandra Joshi, executive director, GIC Re, as acting CMD of the state owned reinsurer for a further period of three months or until a regular CMD is appointed, or until further order, whichever is earliest,...
LIC launches an attractive offer for revival of lapsed policies
LIC has come up with an attractive offer for revival of lapsed policies. A Special Revival Campaign has been launched from Jan 01,2026 to Mar 02, 2026 for individual lapsed policies. Concession is being offered in late fee for all Non-Linked Insurance Plans upto 30%...
LIC collaborates with Sahaj Insurance Services to reach rural and semi urban areas
The Life Insurance Corporation of India (LIC) on Friday announced collaboration with Sahaj Insurance Services Private Limited to strengthen insurance penetration across rural and semi urban areas of the country. Under the collaboration, Kanoria Foundation company...
SUD Life launches funds for accessing global wealth creation opportunities through GIFT City
Star Union Dai-ichi Life Insurance Co(SUD Life) has announced the launch of the new fund ‘SUD Life GIFT Global Opportunity Maximizer Fund’ and SUD Life GIFT India Focused Fund in its life insurance plan SUD Life International Wealth Creator, offering policyholders and...