Apart from EoM, which will be effective from Apr 1, the IRDAI will also approve one more general insurance player –Andhra Pradesh General Insurance Corporation promoted by the state government. Earlier, Irdai has come out with a revised exposure draft on the EoM for...
According to the sources, Torrent has recently conveyed to the lenders that it is not willing to participate in the second round of auction The other bidder -- IndusInd International Holdings Ltd (IIHL) of Hinduja Group -- has also told the lenders that it wants to...
Currently, the insurer cannot invest more than 10% of outstanding equity in a company and 10% of the outstanding debt. New Delhi: The Life Insurance Corp. of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two sources said, in a...
Siddhartha Mohanty,acting chairman and managing director Life Insurance Corporation Currently, Mohanty is acting chairman of the country’s biggest life insurance firm after the completion of the term of MR Kumar on March 13, 2023. After becoming LIC chairman, Mohanty...
The four MDs who are facing the interview are- Siddhartha Mohanty, Mini Ipe, BC Patnaik and M Jagannath Since, some of the top bureaucrats who are part of FSIB , are busy during the Budget session of Parliament, the interview is being conducted virtually...
MFSL is the holding firm for Max Life Insurance company and New York Life was its foreign partner in early 2000 Mumbai: A promoter entity of Max Financial Services Ltd (MFSL),Max Ventures Investment Holdings , on Wednesday offloaded the company's shares worth Rs 94...
Saving for children’s education and marriage emerged as top savings objectives, multiple anxieties around savings and expenditures for the future abound The low uptake of life insurance products in rural Indian can be primarily attributed to inadequate funds to buy...
The public issue consists of a fresh issue of equity shares worth up to Rs 500 crore and an offer-for-sale (OFS) up to 141,299,422 equity shares by promoter and selling shareholders Bank of Baroda will offload about 89,015,734 equity shares, while Carmel Point...
The chairman will be selected from the four managing directors of the company, sources said Currently, Siddhartha Mohanty, managing director of LIC, is acting chairman of the country's biggest life insurance firm after the completion of the term of MR Kumar on March...
Anup Bagchi, executive deirector, ICICI Bank To ensure a seamless transition, Bagchi has been appointed as ED & Chief Operating Officer of ICICI Pru Life with effect from May 1, 2023 subject to regulatory approval(s). Mumbai: ICICI Pru Life Insurance, on Thursday,...