In a move that reinforces its purpose-driven brand narrative,...
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LIC relaxes claim settlement process of Air India plane crash victims
Life Insurance Corporation of India (LIC) on Friday said it has...
Riskcovry launches first Model Context Protocol server as a distribution platform
Riskcovry, an insurtech infrastructure platform, has launched the...
Bajaj Allianz Life, Satin Creditcare and Coverfox collaborate to boost rural financial inclusion
Bajaj Allianz Life, and Satin Creditcare Network , a non-banking finance company - Micro Finance Institution (NBFC - MFI), announced their strategic partnership with insurance broker Coverfox, to improve financial inclusion in rural India. Now customers of Satin...
Star Health gets GST notice of Rs 170 cr on reinsurance deals
Star Health and Allied Insurance Company said that it has received a tax demand order for Rs 170 crore, along with a penalty of Rs 8.7 crore on non-payment of GST liability on the re-insurance commission received by the company during the period April 2018 to March...
Policybazaar Insurance Brokers gets reinsurance license
Policybazaar Insurance Brokers (Policybazaar), PB Fintech’s wholly-owned subsidiary, has received the nod from the IRDAI ) to upgrade its license from a direct insurance broker to a composite insurance broker. A composite insurance broker can also intermediate...
Howden appoints David Shalders as its Group Chief Operating Officer
International broker Howden has appointed David Shalders as its Group Chief Operating Officer. With 30 years' experience, Shalders joins Howden from LSEG (London Stock Exchange Group), where he currently holds the role of Chief Operating Officer and Head of Integration.
Max Life Insurance appoints Sumit Madan as chief distribution officer
Max Life Insurance Company has appointed of Sumit Madan as senior director and chief distribution officer. In this role, Sumit will help drive the company’s business growth and expansion initiatives across distribution networks, including bancassurance, agency, and...
Howden appoints Mike Baker as Chief Client Officer in Asia
Howden today announced the appointment of Mike Baker as Chief Client Officer in Howden Asia with immediate effect.Baker will be based in Singapore and will report to Goh Chye Huat, CEO, Howden Asia. Baker’s role is to further develop with complex risk requirements...
Aon named a top employer for 2024 in India
Aon plc, a global professional services firm, has been named a Top Employer 2024 in India by the Top Employers Institute. The Top Employers Institute programme certifies organisations based on their participation in, and results of, Top Employer Institute's HR Best...
Bajaj Allianz Life unveils Plankathon 2024
Bajaj Allianz Life has unveils Plankathon 2024, encouraging individuals to share their planking videos with the #PlankForAces, creating a collective gesture of gratitude for ISRO's stellar contributions to space exploration. There will be an on-ground event in...
LIC launches a new pension plan-Jeevan Dhara
Siddhartha Mohanty, chairman Life Insurance Corporation(LIC) launched Jeevan Dhara, a non-linked, non-participating, individual, savings, deferred annuity plan. It has option to take death claim proceeds as lump-sum, in the form of annuitisation or in instalments....
Half- day holiday declared for PSU insurers on Jan 22
Public sector banks, insurance companies, financial institutions and regional rural banks will remain closed for half day on January 22 due to the Ram temple consecration ceremony in Ayodhya. Earlier in the day, the Department of Personnel and Training issued an order...