ICICI Prudential's value of new business (VNB), or expected profit...
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Bima Sugam achieves financial closure, mops up Rs 340 crore from insurers and GIC Re
The Ministry of Finance has prohibited three PSU general insurers-...
Bajaj Allianz Life Superwoman Term launched
Bajaj Allianz Life Insurance, has launched Bajaj Allianz Life...
FinMin mulls changes in insurance laws to boost penetration: Report
New Delhi: The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country. Insurance penetration in India increased from 3.76 per cent in 2019-20...
Tata AIA Life Insurance expands presence in Dubai
The rep office will help Tata AIA assess the needs of the Indian diaspora in the UAE Mumbai: Tata AIA Life Insurance (Tata AIA), today announced the opening of its first representative office in Dubai, UAE. The rep office will help Tata AIA assess the needs of the...
Hiring activity remains stable in Aug; insurance sector witnesses steep growth: Report
The insurance sector, which posted an annual growth in hiring for the seventh time in a row, witnessed a steep year-on-year jump of 87 per cent. Hiring activity remained stable in August with a 6 per cent year-on-year growth, driven by the insurance sector, according...
IRDA allows agents, brokers and other intermediaries to be on boards of insurance companies
The proposed director should not not be working in the capacity of the chief insurance executive / specified person or any other officer responsible for soliciting insurance business for or on behalf of the insurance agent, intermediary or insurance intermediary while...
Bima Lokpal settles 40,527 complaints in FY22
Sounding alert,Sudhir Krishna, Insurance Ombudsman, said consumers should not fall prey to unrealistic returns or offers like interest-free loan, revival or portal of policy, bonus or commission, New Delhi: The Insurance Ombudsmen offices across the country settled a...
India court familial relationship ruling poses challenge to Singapore marriage definition: Minister
At the recent National Day Rally, Prime Minister Lee Hsien Loong had announced that Section 377A would be repealed, but also said the government would amend the Constitution to safeguard the definition of marriage from legal challenges The Indian Supreme Court's...
LIC’s first-ever AGM on 27th Sept, to sharpen focus on Bancassurance & non-par business
. ''We intend to increase our market share of non-par business as well as diversify the channel mix while ensuring that our agents stay as the main distribution pillars of our products,'' LIC chairman M R Kumar told shareholders in company's annual report for FY22....
Ageas Federal Life deploys Munich Re Automation Solutions for cloud-based underwriting shift
Alby van Wyk, Chief Commercial Officer at Munich Re Automation Solutions said: “With the Indian life insurance industry speeding up to digitalisation, through the adoption of SPARK, Ageas Federal Life is demonstrating its commitment to, not just a seamless customer...
COVID drives down U.S. life expectancy for the second straight year – CDC data
The nearly one-year decline from 2020 to 76.1 years marked the largest two-year drop in life expectancy at birth in close to a century, the U.S. Centers for Disease Control and Prevention (CDC) found. Disparity in life expectancy between men and women also widened...
Axis Bank eyes 10% stake in Go Digit life insurance business: Report
Axis is planning to take a 10% stake for around $9 million in the start-up's upcoming life insurance business, effectively valuing the business at $90 million, said the two sources, who declined to be named as the talks were private. Mumbai: Axis Bank, the largest...