Justice Anant Ramanath Hegde ruled that a nominee can receive the...
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IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges...
LIC receives GST demand notice of Rs 479.88 crore
The company has received a communication/demand order for interest...
HDFC Life announces completion of Exide Life merger
"We are delighted to have completed the entire transaction in a short span of time. This merger has been made possible due to the encouragement, timely approvals and support from our regulator – IRDAI and all other authorities involved in the process'' Mumbai:HDFC...
Aditya Birla Capital enters fray to pick up stake in Reliance Nippon Life
The financial services arm of the Aditya Birla Group has expressed intent to pick up 51 per cent stake of Reliance Capital in Reliance Nippon Life Insurance Company (RNLIC), sources said NewDelhi: Aditya Birla Capital Ltd has joined the race to pick up stake in...
10-yr old PEs with $100 million investible funds allowed to promote Indian re/insurance companies: IRDAI
The new regulations are proposing major changes in Indian insurers' fit and proper criteria, allowable limits of investment, lock-in period on investment, process of registration and criteria for investment by Private Equity Funds The minimum shareholding of...
APAC life insurers’ large liquidity positions limit derivative exposure risks
Japanese life insurers’ derivative-related exposures are higher than those of other insurers in the region, primarily because of hedged foreign-exchange risks, mainly against the US dollar. Generally, 50%-90% of these currency risks are hedged and transactions are...
Irdai grants approval to merger of Exide Life into HDFC Life
With the transfer of its life insurance business to HDFC Life, Exide Industries acquired 4.12 per cent stake in HDFC Life New Delhi: Insurance sector regulator Irdai has granted final approval to HDFC Life Insurance Company Ltd (HDFC Life) to merge Exide Life into the...
Mental, physical & financial resilience improving, says New HSBC Life 2022 +Factor Study
Greg Hingston, CEO, Global Insurance and Partnerships, HSBC Life, commented: "The interconnection between mental, financial and physical dimensions is clear. When one dimension improves, the others follow. When physical, mental and financial health are all addressed,...
Indian insurance industry can become 6th largest global market soon, says IRDA chief
Debasish Panda,chairman, IRDAI ``There are huge opportunities but we are not able to tap it specifically in the context of agricultural, disaster management and cyber insurance,'' said Debasish Panda,chairman, IRDAI Mumbai: Debasish Panda, chairman, IRDAI has said the...
Financial bids for IDBI Bank likely to be invited by March, sale process to conclude next fiscal: Officials
Private sector banks, foreign banks, Reserve Bank of India(RBI) registered non-banking finance companies, Sebi-registered Alternative Investment Funds (AIFs), a fund/investment vehicle incorporated outside India would be allowed to submit bids, either individually or...
Cardif Japan selects Munich Re’s tech solution to support its move to the cloud
``We will be able to realize a higher underwriting automation rate using the build-in analytics to adjust rule performance. It is also easier to maintain SaaS solution and the ability to quickly scale-up additional SPARK services for new business use cases” Tokyo:...
Aviva raises its stakes to 74% in Indian JV
Aviva is the third foreign player to hike its stake in an Indian insurance JV New Delhi: UK major Aviva plc announced that it has acquired an additional 25 per cent stake from Dabur Invest Corp. in its joint venture in India, Aviva Life Insurance Company India Limited...