Nirmala Sitharaman Union Minister for Finance and Corporate Affairs...
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Life
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Budget-26-27:Improving insurance affordability and access
Recent policy measures, such as the exemption of insurance premiums...
LIC chief expresses concern over continued stagnation in number of policies in force
Swaminathan S. Iyer, Member (Life), IRDAI,Dinesh Pant, managing...
Need to relook at Rs 15k ceiling for mandatory pension enrolment: DFS Secy
“We need to look at it…how do we secure the future of those who earn a little more also, but have a secure future and not depend on the children in the time of old age,”Department of Financial Services Secretary M Nagaraju Mumbai: The country needs to relook at the Rs...
Canara HSBC Life Insurance has appointed Dinesh Tak as chief agency officer
Canara HSBC Life Insurance has appointed Dinesh Tak as Chief Agency Officer.Dinesh will oversee the company’s sales and distribution strategy by further reinforcing organisation’s focus on strengthening partnerships, enhancing channel productivity, and driving...
Exempt life insurance from GST to enable insurers to claim ITC benefits: LIC MD Patnaik
Ratnakar Patnaik,managing director,LIC, appealed to the government for a review into the three-year-old policy of taxing maturity proceeds for policies with premium of over Rs 5 lakh. "Is it time to upgrade or revise upwards to up to Rs 10 lakh, the maturity proceeds...
Mahindra & Mahindra and Canadian Manulife form 50:50 life insurance JV, To invest Rs 3,600 crore
“We can plan getting into non-life business if composite license is allowed by the government afterwards.Mahindra brand strength, deep distribution capabilities in rural and semi-urban India and execution excellence make life insurance a logical extension towards our...
Max Financial Services Q2 profit plummets to Rs 6cr
Axis Max Life reported New Business Margins of 23.3 per cent in H1 FY’26 up from 21.2 per cent during the same period last year. The Value of New Business (VNB), a measure of profitability experienced a YoY growth of 27 per cent outperforming the peers, aided by...
Ageas Federal Life strikes distribution partnership with Muthoot Microfin
Ageas Federal Life Insurance has announced a strategic distribution partnership with Muthoot Microfin Ltd., aimed at reaching underserved customer segments, including individual entrepreneurs and Small and Medium Enterprises (SMEs), thereby strengthening financial...
IFC invests Rs285 crore in long-term debts of Axis Max Life Insurance
Allen Forlemu, Interim Regional Vice President, Asia Pacific, International Finance Corporation, said: “ Our partnership with Axis Max Life for our first investment in the life insurance space in India allows us to contribute to a more resilient future for all....
Winter session of Parliament from Dec 1 to 19,may see tabling of Insurance Amendment Bill
Nirmala Sitharaman,Union Finance Minister Earlier, Finance Minister Nirmala Sitharaman had said Insurance Amendment Bill, is likely to be introduced in Parliament in the upcoming Winter session NEW DELHI: The Winter session of Parliament, which may see Insurance...
UNDP, BMZ, Generali and ICMIF Foundation deliver world’s largest inclusive insurance innovation programme across 30 countries
Marcos Neto, UN Assistant Secretary-General and Director, UNDP The global protection gap (the difference between financial losses and what is covered by insurance) leaves 9 out of 10 people in developing countries without insurance coverage when shocks such as...
LIC’s net profit jumps 32% to Rs 10,053 crore in Q2
R Doraiswamy, CEO and MD, LIC The Net VNB margin for the six months period ended September 30th, 2025 increased by 140 bps to 17.6% as compared to 16.2% for the six months period ended September 30th, 2024. New Delhi: Life Insurance Corporation of India (LIC) on...