Ageas Federal Life Insurance has announced a strategic distribution...
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Willis announces senior Cyber appointments in Asia
Willis, a WTW business has appointed Conor Keating as Head of...
Willis appoints Vijay Nair as Head of Tax Insurance, Asia Pacific
Willis, a WTW business, appointed Vijay Nair as Head of Tax...
HDFC Life announces highest-ever bonus of Rs 3,722 cr on participating plans
HDFC Life has announced its highest-ever bonus of Rs. 3,722 cr. on participating plans during the company’s board meeting in April 2024 benefitting 22- 23 lakh policyholders. Out of the total bonus amount, Rs 2,798 crore will be disbursed to policies in the current...
Govt entrusts NIA’s financial and administrative powers to both of its EDs
The government has made some temporary arrangements to manage the day to day functioning of New India Assurance after Neerja Kapur retired as CMD of the company in Apr end. The ministry of finance on Monday has entrusted the financial, administrative powers and...
Aurm Partners with TATA AIG to offer high-end safe vaults with up to Rs 25 lakh insurance coverage
Aurm, a Bangalore based firm securing vault services has announced a strategic partnership with TATA AIG General Insurance to provide comprehensive insurance coverage up to Rs 25 lakh to Aurm customers for their entrusted valuables. Aurm partners with banks and real...
Phi Commerce to manage payment solutions for Reliance Nippon Life Insurance
Omnichannel payment solution provider Phi Commerce will manage payment solutions for Reliance Nippon Life Insurance Company (RNLICL) for streamlining the insurer’s payment processes, including premium collections, a company statement said. The arrangement will seek to...
ICICI Bank raises stake in ICICI Lombard General Insurance
Sunil Bharti Mittal-promoted Bharti Enterprises on Thursday offloaded shares of ICICI Lombard General Insurance Company for Rs 663 crore through open market transactions at an average price of Rs 1,722.5 apiece. Bharti Enterprises Ltd sold 38.50 lakh shares, amounting...
Certificate Course on Shrimp Crop Insurance
ICAR-Central Institute of Brackishwater Aquaculture, Chennai in collaboration with the ICAR-Central Institute of Fisheries Education, Mumbai jointly conducted a certificate course on Shrimp Crop Insurance and Loss Assessment during 29th April to 3rd May 2024 at...
ACKO launches ambulance-booking feature on App
In partnership with Red Health, ACKO, the tech-first insurer, has added a unique feature of booking an ambulance on its mobile app. The feature is currently available in Bangalore, and will go live in Delhi, Mumbai, Chennai, Hyderabad, and Kolkata in coming weeks. The...
ICICI Prudential Life launches ULIP, links distributor remuneration to fund value performance
ICICI Prudential Life Insurance on Monday said it has come out with its first unit-linked product which aligns distributor payouts to their customers' fund value. Customers can choose from an array of 21 funds under this product, comprising 13 equity and four each in...
BMS launches new global healthcare division with Rob Wendin to lead
BMS, the independent specialist insurance and reinsurance broker, today announces the launch of its new global healthcare liability division with Rob Wendin as managing director. The new division will provide solutions and guidance to healthcare providers and their...
ICICI Pru Life gets GST and penalty notices for over Rs 855 crore from several states
ICICI Prudential Life Insurance has received a GST and penalty order of over Rs 855 crore from tax departments of several states including Maharashtra, Bihar, West Bengal, Delhi, the company informed the exchanges on Tuesday. The insurer has received the highest...