The Pradhan Mantri Jan Dhan Yojana (PM-JDY) accounts have grown...
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IndiaFirst Life redrafts its IPO plans, to deploy Salesforce Agentforce for AI overhaul
Rushabh Gandhi, Managing Director & CEO, IndiaFirst Life...
Breaching EoM: IRDAI restricts Edelweiss Life and Pramerica Life from opening any new branches for next 6 months
IRDAI is committed to ensuring that insurers operate within the...
SEBI drops fraud allegations against Max Financial, Axis Bank in Rs 3,912-crore case
The scrutiny originated with the Insurance Regulatory and Development Authority of India (IRDAI). In November 2022, IRDAI informed SEBI that MFSL and Axis Bank had entered into a series of buy-and-sell transactions involving unlisted equity shares of Max Life. IRDAI...
From Salary to Security:Evolving Employee protection in India
For employers, employee benefits should not be treated merely as an annual renewal exercise. For employees, understanding their benefits should become as important as understanding their salary. And for insurance brokers, it means moving beyond policy placement...
Govt working on amendments to Actuary Act, 2006: DFS official
Debasish Prusty, Additional Secretary, DFS, Ministry of Finance Institute of Actuaries of India(IAI) launched its job portal, a dedicated platform designed to connect actuarial professionals and talent with relevant career opportunities, while strengthening engagement...
Retirement Planning:Achieving financial freedom
Retirement planning is about far more than simply building a corpus for the future. It requires a holistic approach to navigating life’s key milestones along the way, whether funding a child’s education, creating memorable family experiences, or enhancing one’s...
China’s insurance sector likely to see modest growth in 2026:Fitch
Government and regulatory initiatives continue to support demand for motor insurance and selected non-motor lines. Non-life insurers should maintain stable operating performance through disciplined underwriting, pricing improvements and cost controls, despite modest...
Insurance sector set for stronger year as life, health insurers post robust growth: Kotak
Non-life insurance growth is likely to remain moderated as weakness in commercial segments, particularly fire insurance, weighs on overall premiums, according to Kotak Institutional Equities New Delhi: India's non-life insurance industry is expected to see continued...
LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%
The approval would give LIC the option to significantly increase its ownership in the private sector lender, subject to the applicable regulatory and statutory requirements Mumbai:Life Insurance Corporation of India (LIC), India's largest insurance company, has...
Prudential gets CCI nod to acquire 75 pc stake in Bharti Life Insurance
In May this year, UK-based Prudential plc announced that it would acquire a majority 75 per cent stake in Bharti Life Insurance for Rs 3,500 crore from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management. New Delhi:Fair trade regulator CCI on Tuesday cleared the...
AI could cut cost of running insurance by eliminating repetitive work: Report
"AI is helping insurers analyze documents and identify missing information before a human ever becomes involved. And importantly, it is not replacing insurance professionals. Instead, these systems are removing repetitive administrative work so employees can focus on...
Savings bank a/c holders of scheduled banks can opt for rural postal life insurance
"With immediate effect, an operative Savings Bank Account with POSB or any Scheduled Bank is now an additional eligibility criterion for Rural Postal Life Insurance (RPLI)," Minister of State for Communications Pemmasani Chandra Sekhar said on X. New Delhi: The...