Peak Re, the fourth reinsurer to get a license, has a total global...
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NCLT asks RCAP lenders to complete all procedural issues by Mar 12
An IIHL spokesperson said that IIHL voluntarily offered to release...
Premiums to fall as Govt finalises GST cut from 18% to 12 % on Term Life and Health cover with input tax credit(ITC)
On Tuesday, senior officials Ministry of Finance, Insurance...
Indian Insurance industry to reach $ 200Bn by FY ’27 : IRDAI Chief
Debasish Panda, chairman, IRDAI “Customer experience, cost of distribution and product innovation are the top three areas of disruption for insurance companies. Thereby, the sector transformation has resulted in the introduction of innovative and tech-first products...
Axis Bank to invest bRs 49.9-Rs 69.9 crore for a 9.94% stake in Go Digit Life Insurance
Axis Bank's stake purchase would value the startup's upcoming life insurance business at $90 million. Axis currently offers some insurance products in partnership with Max Financial Mumbai: Indian private lender Axis Bank Ltd said on Tuesday it has signed a...
LIC buys over 2 pc stake in BPCL for nearly Rs 1,598 crore
As per Sebi's regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent Mumbai: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year....
Piramal, Zurich Insurance mull joint bid for Reliance General Insurance
Zurich confirmed that it has made a separate offer to acquire a stake in Reliance General Insurance Company as part of the resolution process under Insolvency and Bankruptcy Code (IBC). ''The terms of any transaction are subject to negotiations and there can be no...
HDFC ERGO and HDFC Life jointly launch term insurance policy with a health cover
Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance Company, said, “Combined products are ultimate customer friendly solutions, where a customer can enjoy benefits of two products under a single plan without any hassles. With launch of this plan, we have...
Belgium’s Ageas first to pick up majority stake in Indian life insurance JV; pays Rs 580 crore to IDBI Bank
''With this transaction, Ageas increases its interest in the joint venture that it has operated to date together with IDBI Bank and Federal Bank to 74 per cent.'' Ageas Federal Life Insurance said with the completion of the majority shareholding by Ageas, it is the...
IRDAI selects first ever pvt sector IT professional Arindam Dutta to head IIB
Arindam Dutta, CEO-Designate, Insurance Information Bureau of India IRDAI chairman Debasish Panda has already made his intention public to broad base the ownership of the IIB and has suggested that instead of the IRDAI, let the insurers through their...
IRDAI looks for M&A consultants, Insurance industry to see M&A deals and new entrants
''The sector, like others, has witnessed some merger and acquisitions in the past and will continue to witness them and newer opportunities will emerge in the future. Players with sound underwriting practices, strong financials and right management practices will...
NCLT approves merger of Exide Life with HDFC Life
Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and a cash payout of Rs 726 crore, aggregating to Rs 6,687 crore New Delhi: The...
Govt to soon invite bids for IDBI Bank privatisation: DIPAM Secretary
"We have been at it for quite some time. It is also a first of its kind transaction where through a bidding route we will be privatising a bank. Both government and LIC put together hold 94 per cent in IDBI Bank," he said while addressing 'FICCI CAPAM 2022 - 19th...