Canara HSBC Life Insurance Company is a joint venture promoted by...
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Finmin targets to introduce Insurance Amendment Bill in Parliament during monsoon session
Nirmala Sitharaman,Finance Minister Finance Minister Nirmala...
SBI Life’s net profit almost remains flat at Rs 814 crore in Q4FY25
Amit Jhingran, MD & CEO of SBI Life stated, ``With a 12% growth...
RCap Administrator seeks to reconstruct Reliance Capital into 4 core investment companies
The sole objective of reconstructing RCap CIC into four CICs is to help select bidders of RCap's insurance businesses circumvent the IRDAI guidelines related to the five-year lock-in period Mumbai: In a surprise move, the Reliance Capital (NS:RLCP) (RCap)...
Real estate, a better choice over gold & equities for investment: Report
While gold has primarily remained a favourite investment for Indian households due to its liquidity and investment size flexibility and equities are highly volatile and easily impacted by social, political, and economic upheavals, real estate is hence always...
Fight against inflation will be dogged prolonged RBI article
With inflation remaining above the 6 per cent level, RBI, now, will have to give a report to the central government giving reasons for failure to contain inflation at 4 per cent with a bias of 2 per cent on either side Mumbai: The fight against inflation will be...
LIC launches non-participating and single premium policy Dhan Varsha
(Lto R) BC Patnaik, MD, Raj Kumar, MD, MR Kumar, chairperson, Siddhatha Mohanty,MD at the launching event of LIC's Dhan Varsha The policy is a close ended plan and will be available for sale upto the end of current financial year -31st March 2023 Mumbai: Life...
Lenders permit Aditya Birla Capital to bid for Reliance Nippon Life
The Committee of Creditors (CoC) has approved Aditya Birla Capital Ltd to bid for RNLIC, sources said. Reliance Nippon Life Insurance is a 51:49 joint venture between Reliance Capital and Nippon Life of Japan Mumbai: Lenders to debt-ridden Reliance Capital have...
ICICI Prudential Life Insurance net profit declines 55 pc to Rs 199 cr in Jul-Sep
The value of new business (VNB), a key measure of profitability, posted strong growth of 25.1 per cent at Rs 1,092 crore in the first half of FY2023, the insurer said. ''On the back of this strong VNB growth and with a favourable premium base for the coming months, we...
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...