"This strategic initiative aims to enhance the depth, quality, and...
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Canara HSBC Life signs Jasprit Bumrah and Sanjana Ganesan as brand ambassadors
In a move that reinforces its purpose-driven brand narrative,...
Prudential’s CEO Anil Wadhwani meets Sitharaman, remains bullish on India
Union Minister for Finance and Corporate Affairs, Nirmala...
“IndiaFirst Life is progressively becoming a multi-channel distribution player in the industry.”
Varun Gupta, President & Chief Distribution Officer (CDO) – Bancassurance, IndiaFirst Life Though role of Bancassurance has grown significantly in the Indian life insurance industry, IRDAI, Insurers and banks need to continue to work together to enhance customer...
Term Insurance: Women’s preferred financial product
Bajaj Allianz Life Women Term Survey highlights a significant shift in financial priorities - with children’s future, education expenses, and health surfacing as top concerns. Term insurance emerged as the preferred financial product for women to secure their child’s...
AI plane crash: Insurers in a fix as both policyholders and nominees among dead
There are instances of an entire family perishing or one of the spouses dying in the horrific June 12 crash of the London-bound plane, which claimed the lives of 241 persons on board and 29 on the ground Ahmedabad: Insurance companies are facing challenges in settling...
Air India crash: IRDAI asks insurers not to demand FIR and post-mortem reports of victims for quick claims settlement
``Ensure that no claim is denied or delayed on account of procedural formalities in the case of confirmed deceased individuals from the passenger list and persons at the affected buildings of the crash area,'' said the IRDAI Insurers have to submit a report to the...
LIC relaxes claim settlement process of Air India plane crash victims
Life Insurance Corporation of India (LIC) on Friday said it has relaxed its claim settlement process for Air India plane crash victims in Ahmedabad and also expedite the process. "LIC has announced many concessions to mitigate the hardships of the claimants of LIC...
R Doraiswamy selected as MD&CEO of LIC
R Doraiswamy, managing director, LIC Among four MDs, Doraiswamy is the second senior most MD among existing four MDs followed by Pant and Patnaik. After getting approvals from the government, he will be getting a term of over three years till August 31, 2028 as...
India’s social security coverage increased from 19 pc to 64 pc in 10 years
According to an official statement, ILO has acknowledged India's achievement and officially published on its dashboard that 64.3 per cent of India's population, i.e. over 94 crore people, are now covered under at least one social protection benefit. It is an...
Dai-ichi Life and Capgemini sign multi-year agreement to establish a GCC in India to drive international digital transformation
Tetsuya Kikuta, President and CEO, Dai-ichi Life Holdings "This strategic partnership with Capgemini supports our long-term ambition to build differentiated, internal capabilities through the establishment of our Global Capability Center," said Tetsuya Kikuta,...
Sumit Madan appointed as MD&CEO of Axis Max Life Insurance
Sumit Madan, CDO and CEO designate, Axis Max Life Insurance Sumit had joined Axis Max Life in February 2024 and brings over 25 years of extensive experience in banking establishing and scaling businesses with strategic clarity, people-centric leadership and...
Life insurers record 11 pc rise in new premium collection in April-May
The private sector life insurance industry, led by HDFC Life (with a total premium of Rs 4966 crore), has grown by 12 per cent y-o-y to Rs 20, 411 crore during the first two months of the fiscal. State owned Life Insurance Corporation(LIC) has increased its premium by...