Indian insurance regulator IRDAI has imposed a fine of Rs one crore...
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Guy Carpenter changes its brand name to Marsh Re
Guy Carpenter, the reinsurance arm of Marsh, the largest...
LIC launches 2 New Plans: Bima Platinum and Jeevan Raksha
On the occasion of 70th anniversary of Life Insurance Corporation,...
Bajaj General Insurance launches 2 new motor covers
Bajaj General Insurance today launched ProShield, a packaged motor insurance solution designed for defence personnel, alongside the enhanced VPAY 2.0, its next generation motor insurance offering for today’s connected vehicles and evolving mobility risks. The...
HDFC Life crosses Rs 4 trillion of AUM
Mumbai:HDFC Life, the third largest life insurance company in the country, has crossed Rs four trillion of assets under management (AUM).The company’s current debt-equity ratio is 72:28. A high proportion of its debt investments are in Government bonds and AAA-rated...
Generali Central Life Insurance launches Sunehra Pension Plan
Generali Central Life Insurance (GCLICL), has launched the Sunehra Pension Plan. It is a participating (PAR), on-linked, pension, savings-oriented life insurance plan aimed at helping policyholders build a retirement corpus for their future financial security. By...
Liberty General Insurance organises road safety and insurance awareness drive in Delhi
On the occasion of Insurance Awareness Day, Liberty General Insurance organised a five-day Road Safety and Insurance Awareness Drive across select petrol pumps in Delhi to sensitise vehicle owners about the importance of insurance, responsible accident response, and...
LIC CFO Sunil Agarwal quits
Sunil Agrawal, chief financial officer(CFO) and Key Managerial Personnel(KMP) of ,Life Insurance Corporation has resigned on Wednesday to pursue better prospects.His resignation will be effective from July 14. Jayasimhan Madabhushi Matam Tirumala, executive Director...
Bajaj Auto says ransomware attack hits systems
India's Bajaj Auto on Tuesday said a ransomware attack earlier in the day impacted the automaker and its unit Bajaj Auto Technology's systems.The company said it initiated necessary precautionary actions and protocols to mitigate the impact of the...
Saudi Re appoints Ruchi Jain as Principal Officer GIFT City, India Branch
Saudi Re, after setting up its operations in GIFT-IFSC, has appointed Ruchi Jain as Principal Officer GIFT City, India Branch. Jain was working with Swiss Re before joining Saudi Re and brings over 18 years of extensive experience in the insurance and reinsurance...
Kotak Life appoints Amit Palta as Deputy Managing Director
Kotak Mahindra Life Insurance has appointed Amit Palta, from ICICI Prudential Life Insurance,as deputy managing director - designate, subject to regulatory approval.With a career spanning 30 years in the financial services industry, Amit brings deep expertise in...
New DFS secy Lohiya joins LIC board, HH Mishra inducted into NIA
Sanjay Lohiya, who will become the new secretary, Department of Financial Services from June 1, has replaced Shalini Pandit as the Government nominee director on the board of Life Insurance Corporation of India (LIC) on May 13.Hari Har Mishra, additional secretary,...
ICICI Lombard General launches roadside assistance promises
ICICI Lombard General Insurance today launched Service Assure, a new commitment under its IL Smart Assist (Road Side Assistance) offering. A one-of-the-industry’s-first roadside assistance promises, Service Assure commits to reaching private car customers within 30...