R Doraiswamy, CEO & M D, LIC, said,“FY 2025-26 has been a...
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Munich Re appoints Gavin Maistry as its chief executive for Life and Health, Asia Pacific, Middle East and Africa
Gavin Maistry, chief executive-designate,Life and Health Asia...
Motherhood & Financial Planning: Securing every stage of life with confidence
A strong financial plan is not built only around protection. It...
Govt asks state-run banks,insurance firms to cut costs, shift to EVs
Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said. NEW DELHI: India's finance ministry directed...
UK’s Prudential buys 75% in Bharti Life Insurance for Rs 3,500 crore, to reduce stake in ICICI Pru Life to below 10% from 22%
Anil Wadhwani, CEO, Prudential There is potential additional consideration payable of up to ₹700 crore ($78 million) by Prudential in Bharti Life deal, dependent on the fulfilment of certain conditions. Anil Wadhwani, CEO, Prudential, said, “India is a strategically...
IRDAI gets ready to implement Risk Based Capital norms for insurers,to publish draft regulations soon
The IRDAI's board in its recent meeting had deliberated the issue and approved drafting and publishing the draft regulations on the proposed Indian Risk Based Capital Framework for stakeholder consultation.The issues which need to be addressed before launching RBC in...
IRDAI to intensify monitoring of insurance industry’s performance:Ajay Seth
Ajay Seth, chairman, IRDAI Seth highlighted that in non-life Insurance sector, persistent rise in complaints signals systemic service issues.Health and motor claims are key drivers, highlighting growing policyholder friction and the need for targeted corrective...
HDFC Life and Bajaj Life announce record bonus for FY26
HDFC Life, announced a bonus of ₹4,596 crore for Fy26.Bajaj Life Insurance declareds a bonus of Rs1939 crore for FY26 Mumbai:HDFC Life, one of India‟s has announced a bonus of Rs4,596 crore in the Company‟s board meeting held on 16th April, 2026, reinforcing its...
International Mother’s Day:Mantras for financial security and independence
Financial literacy in families often flows through mothers.They are the ones who manage household budgets, track expenses, and make daily trade-off decisions.Use that position to also teach financial confidence. Have open conversations about savings, investments, and...
PMJJBY,PMSBY settle claims worth Rs25,160 cr since their launch in 2015
Nirmala Sitharaman,Finance Minister Citing data on the 11th anniversaries of the Jan Suraksha Schemes, Finance Minister Nirmala Sitharaman said that over 27 crore, 58 crore and 9 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively. New...
Pradhan Mantri Jeevan Jyoti Bima Yojana:Driving India’s financial inclusion push
R. Doraiswamy, CEO and MD, Life Insurance Corporation Many families remain unaware of Pradhan Mantri Jeevan Jyoti Bima Yojana or that premiums were paid for deceased members, with no physical policy document issued.In the absence of a nominee, families must undergo...
Agentic AI may help insurers reduce cost, complexity of tech modernisation: Report
According to the report, insurers that combine reusable AI capabilities with strong governance and platform discipline can accelerate the decommissioning of legacy systems while maintaining operational control. Agentic AI presents an opportunity to fundamentally...
Life insurance industry’s new business prm almost grows 16% to Rs4.59 trillion in FY 26
In terms of policy issuance, the industry issued over 2.83 crore policies during FY26,marking a 4.7% increase over the previous year. The relatively higher growth in premium compared to policy volumes highlights an increase in average ticket sizes,,pointing towards...