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Ind AS to boost transparency, governance and capital efficiency in insurance sector: Ajay Seth
Ajay Seth, chairman, IRDAI Seth encouraged insurers to actively...
Kiwi General Insurance launches operations
“Indian consumers have a real trust deficit in insurance. With...
RBI in talks with global regulators, banks to review Mythos risks, sources say
The Reserve Bank of India's preliminary assessment - just like that of global regulators - suggests Mythos could pose cybersecurity risks by accelerating the discovery and exploitation of software vulnerabilities, the sources, all familiar with the central bank's...
SBI Life net profit falls marginally to Rs 804.64 crore in Q426
Amit Jhingran, Managing Director and Chief Executive Officer, said the life insurance industry witnessed improved momentum during FY26, supported by recent regulatory measures and a shift in customer preference towards protection-oriented products. He added that the...
Jio Finance and Allianz form 50:50 JV for non-life biz in India
Mukesh D. Ambani, chairman and MD, Reliance Industries and promoter of Jio Finance JFSL and Allianz are also working towards a separate binding agreement for life insurance business in India. Mukesh D. Ambani, chairman of Reliance Industries and promoter of Jio...
Abu Dhabi National Insurance launches reinsurance branch in India’s GIFT City
Charalampos Mylonas, chief executive officer, ADNIC, said, “Receiving the licence to operate in GIFT City represents an important milestone in ADNIC’s international growth journey. It reinforces our long-term commitment to supporting clients and partners in India,...
HDFC Life Insurance approves extension of Vibha Padalkar as MD & CEO for 5 years
Vibha Padalkar,Managing Director & Chief Executive Officer Mumbai:HDFC Life Insurance on Tuesday said the company has approved the extension of Vibha Padalkar as the Managing Director & Chief Executive Officer for a period of five years. The extension is based...
Second maternity leave can’t be denied merely because sought within 2 years of first: Allahabad HC
Referring to earlier rulings, the high court said that the Maternity Benefit Act, being a law enacted by Parliament, would prevail over any executive instructions or provisions in the financial handbook. In case of inconsistency, the provisions of the Act would have...
Fire doused at HPCL Rajasthan Refinery, Re/insured by Oriental Insurance and Swiss Re
The refinery-cum-petrochemical complex, which was scheduled to begin commercial operations from July 1, after being inaugurated by by Prime Minister Narendra Modi.on Tuesday, has an Advance Loss of Profit (ALOP) cover New Delhi:The newly built Rs 79,450-crore...
Health insurance covers about 47% in rural and 44% in urban India:Govt Survey
The Indian government's survey findings have shown the estimated average out-of-pocket medical expenditure per hospitalization case (excluding childbirth) during the last 365 days was about ₹34,064 (₹31,484 in rural and ₹38,688 in urban), while the median...
India’s GIFT City finance hub grants first family office permit
The step underscores GIFT City’s aim to build a globally competitive and flexible regulatory ecosystem for foreign family offices and private wealth structures, the GIFT City financial regulatory authority said MUMBAI: India's Gujarat International Finance Tec-City...
Health insurance prm hits Rs1.37 trillion,surges 15.4 % in FY 26, Fire replaces Crop as 3rd largest industry portfolio
With No1 position, Health Insurance share in the Indian general insurance industry has inched up to 40.80 per cent in FY 26 from 38.63 per cent in FY25 In a noteworthy development, though, there has been no premium hike in the premium of mandatory TP Motor cover, for...