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Kotak Life appoints Amit Palta as Deputy Managing Director
Kotak Mahindra Life Insurance has appointed Amit Palta, from ICICI...
Global insurance market expected to continue shifting eastward over next decade: Allianz
Overall, the global insurance market is expected to grow at an...
Insurance market in India likely to grow at 10.7 pc annually over next decade: Allianz Report
Despite ranking among the world's ten largest insurance markets, India remains significantly underinsured, with insurance penetration of 3.8 per cent of GDP, a report by Allianz said, adding that with only about 46 per cent of the working-age population effectively...
HC uphols direction for entrusting census duties to employees of LIC
Dismissing the writ petition, Justice Dinesh Pathak said, "This court is of the considered opinion that the authorised authority/zonal officer has not committed any error or illegality in issuing orders in exercise of delegated power directing the employees of the LIC...
Sanjay Lohiya assumes charge as Secretary, Department of Financial Services
Sanjay Lohiya, Secretary, Department of Financial Services Lohiya takes charge at a time when the financial sector is undergoing transformation with a focus on digital financial inclusion, recapitalisation and operational autonomy of public sector banks, and deeper...
LIC considers fintech arm amid push for technology-led expansion
"So, both go hand in hand…we are engaging the fintech players but whether it can be a strategic partner, we are looking at various options available and we may be coming up with something…our first aim is to modernize our IT applications and become as agile and...
Bajaj Finserv to Invest in AI, Tech Startups
"Bajaj Finserv companies will invest Rs 1,500-2,000 crore over a five-year period in startups and early-stage companies with strong scalability potential across AI, cybersecurity, quantum technologies, fintech and consumer technology platforms," the statement said....
Govt prepares Rs10,000 crore LIC stake sale next month
The government plans to sell a stake of about 2% in the state-run insurer in late June or early July to institutional investors.The Department of Investment and Public Asset Management, under India’s Finance Ministry, is working with Goldman Sachs Group Inc., Motilal...
New Mandatory Norms:IRDAI asks insurers to disclose KMP pay metrics, Policyholder Service performance on websites
Ajay Seth, chairman, IRDAI ``Evolving expectations of customers and needs of the economy require us to place greater emphasis on measurable customer outcomes, transparency in decision-making, responsiveness, and sustainable value creation. Accordingly, the revised...
GIC Re Q4 profit rises 3% to Rs 2,254 crore with underwriting profit, pays dividend of Rs 13.25 per share
GIC Re's Combined ratio improved marginally to 103.43 per cent in Q4FY26 from 103.56 per cent a year earlier “On the back of disciplined underwriting, consistent execution, and our strategic approach, we hope and believe that we will continue to improve and perform to...
New DFS secy Lohiya joins LIC board, HH Mishra inducted into NIA
Sanjay Lohiya, who will become the new secretary, Department of Financial Services from June 1, has replaced Shalini Pandit as the Government nominee director on the board of Life Insurance Corporation of India (LIC) on May 13.Hari Har Mishra, additional secretary,...
LIC emerges as highest profit-making financial company in Jan-Mar quarter
However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC's Rs 57,419 crore. New Delhi:State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial sector in...