HSBC had shortlistedAllianz, Sumitomo Life Insurance Co. and...
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NSE files for Rs 30,000-cr IPO; set to become India’s biggest-ever public issue
Life Insurance Corporation of India (LIC), the single largest...
LIC targets stronger market leadership as it approaches its platinum jubilee
R Doraiswamy, CEO and MD,LIC Doraiswamy further said LIC is...
Marsh exploring selling its financial risk manager and life insurance broker for high-net-worth individuals in Asia
PCS provides financial risk management and life insurance services to more than 8,000 clients in about 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva and Zurich, according to its website. Marsh is exploring a sale of its financial risk manager and...
Utkarsh Small Finance Bank’s strategic partnership with Kotak Mahindra Life Insurance
Utkarsh Small Finance Bank today announced a strategic partnership with Kotak Mahindra Life Insurance marking a significant milestone in the bank’s product expansion strategy. This collaboration significantly strengthens Utkarsh SFBL’s life insurance vertical,...
Issue of shortage of actuaries in industry needs to be addressed urgently:IRDAI Chairman
``The United States has more than 40 fellow actuaries per million people and the United Kingdom more than 250, while India has fewer than one per million. Compounding this, IAI's(Institute of Actuaries) total membership has fallen from around 12,000 in 2011 to...
Suresh Agarwal appointed as MD & CEO designate of life insurance JV between Mahindra and Manulife
Suresh Agarwal, MD & CEO designate of proposed life insurance joint venture between Mahindra & Mahindra and Manulife Suresh has nearly 30 years of experience in life and general insurance, corporate, and retail lending. He has spent significant part of his...
ICICI Pru Life loses GST appeal cases, may have to pay over Rs1200 crore of taxes
However, in both the cases, the life insurer will file an appeal against the unfavourable orders before appropriate authority in due course and there are no financial implication for the company at this stage, the company said in an exchange filing on Thursday....
PSU banks and insurers playing a central role in advancing national priorities: Govt
(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and M Nagaraju, Secretary, Department of Financial Services(DFS) at Chintan Shivir, 2026, organised by the Department of Financial Services(DFS) in Coorg The primary objective of Chintan Shivir,...
LIC keen on buying stakes in a suitable health insurance company,says CEO Doraiswamy
``We are evaluating various options available in the market, but we don't have any particular deadline or any such immediate date by which we are looking at doing that. We'll be open to having a stake if a very good opportunity makes itself viable,'' said Doraiswamy,...
Govt deliberates on roadmap for Financial Inclusion 2.0
M. Nagaraju, Secretary, Department of Financial Services Nagaraju emphasized the need for further strengthening measures for achieving goal of presence of at least one bank branch in each subdivision in the North Eastern region, enhancing insurance and pension...
No insurers have revised premiums upward after GST relief announcement:Govt
The IRDAI collected prevailing premium rates as of September 3, 2025, and has been regularly monitoring premiums for new policies as well as renewals to ensure that insured individuals receive the intended benefit, Union Finance Ministry, Minister of State (MoS)...
GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %
Hitesh Joshi, acting CMD, GIC Re. said,```Our strategy is focused on leveraging our risk selection capabilities to drive profitable, high-quality growth. Going forward, the Indian general insurance (non-life) sector is expected to grow at more than 8 per cent in...