Girija Subramanian,member, Distribution, IRDAI The effective dates...
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Microfinance sector must prioritise savings, insurance over credit to avoid recurring crises: CEA Nageswaran
Chief Economic Adviser V Anantha Nageswaran said microfinance...
GIC Re’s credit ratings affirmed by AM Best
The ratings reflect GIC Re's balance sheet strength, which AM Best...
Govt directs banks to increase awareness of claim eligibility in Jansuraksha insurance schemes
Sanjay Lohiya,secretary, Department of Financial Services , also asked banks to enrol all new beneficiaries of PMJJBY & PMSBY through the Jan Suraksha portal as the portal will be integrated with all banks and insurers thereby enhancing the quality of data and...
IRDAI’s distribution reforms faces pushback from brokers, auto dealers
Brokers are seeking an extension of a deadline for consultation on the proposals to late December from October 25, an independent impact assessment, as well as the removal of caps on commission. The proposals could lower broker revenues by nearly 70%, IBAI President...
ICICI Prudential rebrands itself as ICICI Life Insurance
Private sector firm 'ICICI Prudential Life Insurance' on Monday rebranded itself as 'ICICI Life Insurance' following Prudential Plc ceasing to be a promoter of the entity.The name of the company now stands changed to ‘ICICI Life Insurance Limited’ with effect from...
IRDAI reforms push insurance distributors to explore new revenue streams: Nomura
Among the covered life insurers, Axis Max Life may need the highest reduction in operating expenses at 9.1 per cent over five years, followed by HDFC Life at 3.7 per cent and ICICI Prudential Life at 2.3 per cent, after factoring in the estimated benefit from lower...
IRDAI to meet industry CEOs on Monday to delibarate new distribution reforms
“ “I have been meeting CEOs of the industry over the last few days to understand their views on the new consultation paper. We will meet all the CEOs on Monday to discuss the implementation of the distribution reforms and would like to get detailed industry feedback...
CBI chargesheets RCom, ex-LIC investment chief in ₹3,750-cr cheating case
In its charge sheet filed before a Special CBI court in Mumbai, the agency has named as accused "Reliance Communications Ltd., two executives of the Reliance ADA Group, namely, Amitabh Jhunjhunwala, Group MD, Vishwas Joshi, Sr. VP, Reliance Capital Limited and P....
ICICI Bank’s Sidharatha Mishra appointed as MD&CEO of ICICI Pru Life
Sidharatha Mishra, MD&CEO-designate, ICICI Pru Life The post of MD & CEO at ICICI Prudential Life Insurance has fallen vacant after Anup Bagchi quit the company to head HDFC Bank Mumbai: Private sector life insurer ICICI Prudential Life Insurance has appointed...
Anup Bagchi appointed as new MD&CEO of HDFC Bank for 3 yrs
Anup Bagchi, MD & CEO, ICICI Prudential Life Since June 2023, Bagchi has been serving as MD & CEO of ICICI Prudential Life Insurance leading one of India's largest private life insurers, which is publicly listed. Mumbai:Anup Bagchi, MD & CEO, ICICI...
Indian insurance and pension segments record fastest growth, up 11.4%, ahead of deposits in 2025: Allianz Report
In India, insurance and pensions grew fastest, up 11.4%, ahead of deposits (9.8%) and securities (6.1%). Nevertheless, like in many emerging economies, deposits still have the highest share in private households’ portfolios, at 40.2%, followed by securities with 32.7%...
South Korean banks and insurers hunt for overseas deals
A rapidly aging population and a mature domestic market are pushing Korean financial groups to head out. Backed by strong balance sheets, they are scouring investments ranging from US insurance and retirement businesses to banks and consumer-finance companies across...