Union Minister of Road Transport and Highways Nitin Gadkari Under...
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RBI trims policy interest rate by 25bps to 5.25pc, sets higher growth rate at 7.3% for FY 26
The Indian economy is facing a "rare goldilocks" period. Since...
IndiGo cancels over 550 flights on Thursday
There were at least 118 flight cancellations at the Mumbai airport,...
GIC Re net profit jumps 27% to Rs1,518 crore in Oct-Dec Qtr, further reduces loss making Crop biz
`Our results during the quarter are more or less as per expectations. Domestic premium this quarter has come down due to our decreasing agricultural business. Combined ratios have gone up in domestic due to two natural catastrophic events in the quarter,'' said N...
PM Modi tears into Congress for ‘spreading lies’ on LIC, PSUs
Prime Minister Narendra Modi People’s confidence is improving in PSU shares, the Prime Minister said, as he shared some key facts and inputs in the Upper House to buttress his views that LIC and HAL are making progress in what contradicts the claims of the opposition...
IRDAI sets higher targets for insurers in revised norms on `Rural, Social Sector and Motor Third Party Obligations’
Insurance business pertaining to Government social security schemes such as Pradhan Mantri Awas Yojana, Pradhan Mantri Suraksha Bima Yojana (PMSBY),Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY), etc. where total/ partial premium is paid by the Government,...
Premiums for disaster-prone areas need to be subsidised: Parl panel
This may require a specialized insurance business to be set up by one of the PSU general insurance companies with subsidized premiums for disaster-prone areas, the panel said The government may need to consider how to provide insurance for projects that have to deal...
House panel recommends reduction of GST on health, term and micro insurance policies
Jayant Sinha, chairman, Parliamentary Standing Committee on Finance The Committee is in favour of allowing composite licensing that could provide further impetus to the insurance sector owing to its various benefits New Delhi: The Parliamentary Standing Committee on...
Max Life gets Irdai nod for Rs 1,612 cr infusion by Axis Bank
Last year in August, the company announced a capital infusion by Axis Bank by issuance of 14.25 crore equity shares to help Max Life to support its future growth ambitions, augment its capital position and improve solvency margins NEW DELHI: Max Financial Services,...
CCI approves Zurich Insurance stake in Kotak Mahindra General Insurance
In November last year, the Switzerland-based Zurich Insurance Group had agreed to acquire a 51 percent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore. The proposed transaction valued Kotak Mahindra General Insurance Company at Rs 7,943...
Gadkari urges earth sciences minister to consider plea to continue district agromet units
Union Minister Nitin Gadkari A total 130 agromet field units (AMFUs) have been set up in the country's agro-climatic zones over the years in collaboration with the Indian Council of Agricultural Research. AMFUs provide advisories at the zonal level, each catering to...
H Venkatachalam appointed as new MD & CEO of Tata AIA Life, Tahilyani to head Tata Digital
H Venkatachalam, MD & CEO designate , Tata AIA Life Venkatachalam H. will take over as MD& CEO shortly from the incumbent Naveen Tahilyani, who has been made a non-executive director of Tata AIA Life Insurance Company. Mumbai: Tata AIA Life Insurance Company...
LIC launches a new unit linked plan
Siddhartha Mohanty, chairperson, Life Insurance Corporation launched a new unit linked plan- Index Plus- on Monday The new product is a Regular Premium, Individual Life Insurance Plan which offers life insurance cover cum savings throughout the term of the policy,...