The OFS , which could be between 2.5% and 3% of government's equity...
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HDFC Life ties up with Northern Arc Capital
HDFC Life and Northern Arc Capital have come together to forge a...
81pc Indians use Facebook,Instagram and WhatsApp to discover financial products: Report
"The digital platforms play a key role throughout the...
LIC’s net profit rises 5% to Rs 10,987 crore in Q1FY26, pauses on Health Insurance foray till new Insurance Bill
R Doraiswamy, CEO & MD, Life Insurance Corporation ``We will wait for the proposed Insurance Bill and depending upon new changes in the Bill , our board and shareholders will take a call whether to enter into Health Insurance Business and how to do it. The Health...
SBI Life’s corporate agency partnership with AU Small Finance Bank
SBI Life Insurance has entered a strategic corporate agency partnership with AU Small Finance Bank, the country’s largest Small Finance Bank. With this alliance, AU SFB will distribute SBI Life’s comprehensive portfolio of life insurance solutions, including...
Policybazaar fined Rs5 crore by IRDAI, 11 charges of regulatory lapses against the intermediary
``IRDAI in exercise of the powers under Section 102 of the Insurance Act, 1938, has imposed a penalty of Rs. Five Crore on M/s Policybazaar Web Aggregator Pvt. Ltd. (Now known as "M/s Policybazaar Insurance Brokers Pvt. Ltd.") along with direction, advisory and...
Insurance JVs between Generali and Central Bank unveil new brand
Rob Leonardi, Asia Regional Officer, Generali, said, “India has long been a strategic market for Generali and our joint venture with the Central Bank of India reflects the potential we see today and for the future. The synergies between our two organisations are...
LIC’s equity investment stands at Rs16.76 trillion till June 30, sees marginal decline in equity holding in Q1FY26
India’s largest institutional investor, Life Insurance Corporation of India (LIC), saw a marginal decline in its equity holdings. Across 284 companies where it holds over 1 per cent, LIC’s stake dropped to 3.68 per cent as of June 30, 2025, from 3.72 per cent at the...
IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities (ILS) and support initial issuance by way of cost subsidy/ grant on the lines of Singapore and Hong Kong. These incentives are important for creating a conducive ecosystem for ILS in the initial years, G...
Govt appoints merchant bankers legal firms for managing stake sales in LIC, PSBs other fin institutions
"As far as LIC is concerned, we have completed the RFP process. The process for appointment of merchant bankers and legal advisors has been completed," DIPAM) Secretary Arunish Chawla said The government needs to offload another 6.5 per cent stake in the public sector...
Nearly 6.6 lakh new PM Jan Dhan Yojana accounts opened in 1 month
A staggering 55.44 crore Jan Dhan accounts have been opened in India, 56 per cent of which belong to women, and the total amount in these deposits has surpassed Rs 2.5 lakh crore as of May 21 this year. New Delhi: Nearly 6.6 lakh new PM Jan Dhan Yojana accounts were...
PB Fintech’s net profit increases 42% Rs to 85 crore, revenue up 33 % to Rs 1,348 cr in Q1 FY26
The company's insurance premium grew 36%, led by a 65% rise in new health insurance policies New Delhi: PB Fintech reported a 40% rise in first-quarter profit on Thursday, as more consumers turned to digital platforms for insurance products. The company posted a...
Ambanis to infuse Rs 16K cr in Jio Financial Services to take on rivals
Mukesh Ambani, chairman, Reliance Industries Currently, JFS, which has floated three joint ventures with Germany major Allianz for foraying into Reinsurance, Life and General Insurance business, operates its financial services business through consumer-facing...