K Rajaraman, chairman, International Financial Services Centres...
Category:
Life
Latest
LIC hands over Rs 12,207 cr dividend to Sitharaman
Union Minister of Finance and Corporate Affairs Nirmala...
LIC appoints Shatmanyu Shrivastava as CFO, Varadarajan Muthuvenkataraman as Chief Risk Officer
The appointments were approved by LIC's Board of Directors at its...
Swiss regulator opens enforcement proceedings against Zurich Insurance, bars sales of some new policies
“The regret is that we should have found it ourselves, which we didn’t despite all the audits and checks that we do. Remediation steps hadn’t been followed, which led to the enforcement proceeding, Chief Executive Officer Mario Greco Zurich Insurance said on Monday...
Allianz to acquire HSBC’s Singapore insurer in $2.1 billion deal
“Singapore serves as our Asia-Pacific headquarters and is central to our global growth strategy,” Baete said in the firm’s release on Friday. Singapore “is a nation that cares deeply about the well-being of its people.” Allianz SE agreed to buy HSBC Holdings Plc’s...
SBI Life posts higher quarterly profit, expects margins to improve
"We have definitely seen the margin bottoming out," SBI Life MD and CEO Amit Jhingran said in a post-earnings call. "Going forward, with higher focus on individual policies, margin is going to be towards the upper range of our guidance." BENGALURU: SBI Life...
HDFC Life crosses Rs 4 trillion of AUM
Mumbai:HDFC Life, the third largest life insurance company in the country, has crossed Rs four trillion of assets under management (AUM).The company’s current debt-equity ratio is 72:28. A high proportion of its debt investments are in Government bonds and AAA-rated...
Allianz Jio Re writes Rs266 crore of prm in maiden qtr, AGCS India to shift its business to JV
``We assure clients of uninterrupted service, continuity of coverage and consistent relationship management, as the existing facultative reinsurance portfolio from Allianz Commercial / Allianz Global Corporate & Specialty (AGCS) will be transitioned to Allianz Jio...
HDFC Life records 12% rise in net profit to Rs 611 crore in Q1FY27
Vibha Padalkar, MD & CEO, HDFC Life, said,"Growth during the quarter was underpinned by strong customer acquisition, with the number of policies growing in double digits and ahead of industry,'' Mumbai:Despite having a slight fall in value in new margin (VNB),...
ICICI Pru Life Q1 pofit Jumps 28 pc to Rs 386 cr
Anup Bagchi,MD & CEO,said, “We reported a new business premium growth of 21.3 per cent year-on-year in Q1-FY2027 on the back of number of policies growth of 13.2 per cent. Protection continues to be our core focus area, During the quarter, we settled ₹ 1,306 crore...
Life insurance new business premiums rise 16.6% in Q1 on private insurers’ growth: Report
The report said the industry's new business premiums reached Rs 1.09 lakh crore in Q1FY27, while private insurers continued to outpace the overall market, strengthening their market share to nearly 40 per cent. New Delhi:India's life insurance industry started FY27 on...
Policybazaar signs Amitabh Bachchan for Health and Term insurance awareness
Amitabh Bachchan Sarbvir Singh, Joint Group CEO of PB Fintech, said, " Over the years, we have invested more than ₹3,000 crore in driving awareness around insurance products. We believe Amitabh Bachchan can help make insurance a conversation in every Indian household,...
Japan Post Insurance and SCOR sign MoU for ceding of Postal Life Insurance Policies
The MoU covers the cession of the underwriting risks under Japan Post Insurance’s Postal Life Insurance policies and the establishment, investment and operation by SCOR of a reinsurance vehicle for risk management purposes, intended to assume underwriting risks held...