Bima Sugm will be officially called as Rashtriya Bima Sugam Nigam...
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Indian insurance industry receives Rs 54,000 crore FDI since December 2014: DFS Secy Joshi
Financial Services Secretary Vivek Joshi said that the Assets Under...
Banks asked to check mis-selling of insurance products, safeguard account holders’ interest: DFS Secy
Vivek Joshi ,Financial Services Secretary Banks have been...
Govt approves 17 % wage hike for LIC employees
The revision incorporates an enhancement in National Pension System( NPS) contribution from 10% to 14% for a better future of nearly 24,000 employees, who had joined after Apr, 2010 Mumbai: After banking, the government has approved a 17 per cent hike in the wages of...
Life expectancy dropped by 1.6 years during pandemic, reversing past progress: Lancet study
The study found that life expectancy declined in 84 per cent of countries and territories during this time. This demonstrated the “devastating potential impacts of novel pathogens”, the researchers said New Delhi: Global life expectancy dropped by 1.6 years between...
SCOR overhauls its regional and business structure
The structures within Property & Casualty (P&C) and Life & Health (L&H) are being simplified to achieve more immediate client access and decision-making Paris: French major SCOR is restructuring its business processes to become a simpler and...
Life protection plan for Indian blue-collar workers unveiled in the UAE
Around 3.5 million Indians reside in the UAE, of which about 65 per cent are blue-collar workers, who form one of the largest groups of migrant workers in the UAE. In 2022, the consulate registered a total of 1,750 death cases, of which around 1,100 were workers...
Committee of Creditors asks Hindujas to complete RCap resolution by March end
COC, in an official communication, through its lawyer Luthra and Luthra, on Monday, has further asked IIHL to provide all necessary information, documents and cooperation to obtain the pending regulatory approvals, especially from the Indian insurance regulator IRDAI,...
SBI Life Insurance partners with Lucknow Super Giants as ‘Lead Helmet Partner’
SBI Life Insurance has announced its association with the Lucknow Super Giants (LSG) franchise, as ‘Lead Helmet Partner’ for the upcoming 2024 cricketing season. SBI Life's logo will feature prominently on the helmets of Lucknow Super Giants, thus leveraging the...
Canara HSBC Life partners with Tripura Gramin Bank
Canara HSBC Life Insurance Company Limited announces a new strategic partnership with Tripura Gramin Bank (TGB) to offer a range of life insurance products through TGB's extensive branch network within the state. The collaboration marks a significant milestone,...
Bajaj Allianz Life Small Cap Quality Index Fund launched
Bajaj Allianz Life, one of the leading private life insurers has launched the Bajaj Allianz Life Small Cap Quality Index Fund NFO which aims to leverage the growth opportunities in Small Cap Equities. The fund objective is to provide investors capital appreciation by...
Alok Rungta appointed as MD &CEO of Future Generali India Life Insurance
Alok Rungta, Managing Director & CEO designate,Future Generali India Life Insurance With an extensive background spanning over two decades in the insurance industry’s diverse markets, Alok is currently the deputy CEO and CFO of the company. Before this, he held...
LIC pays Rs 2,441 crore as an interim dividend to government
From (Lto R), Siddhartha Mohanty, chairperson handing over a cheque of Rs Rs 2,441.44 crore to Nirmala Sitharaman, finance minister, as an interim dividend to the government. Vivek Joshi, Secretary, Financial Services and M P Tangirala, additional secretary,...