Axis Max Life Insurance has announced the launch of Axis Max Life...
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Tata AIA Life launches Shubh Muhurat
Tata AIA Life Insurance has launched Shubh Muhurat, a life...
Indian insurance industry watches Govt’s move on IRDAI chief as Panda’s 3-yr term ends on Mar 14
Debasish Panda, chairman, IRDAI Panda after taking over as IRDA...
ICICI Pru Life declares highest ever annual bonus of Rs 969 cr for FY22
N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance The annual bonus of Rs 968.8 crore for FY2022 is the highest ever declared by the company since inception, N S Kannan, Managing Director & CEO, ICICI Prudential Life Insurance, said....
HDFC Life to raise up to Rs 350 cr debt capital via bonds
The Capital Raising Committee of the company's board approved a proposal for raising up to Rs 350 crore through the issuance of 3,500 non-convertible debentures, HDFC Life said in a regulatory filing The company said the bonds will carry a coupon rate of 8.20 percent...
.LIC ups stake in Hero MotoCorp, HUL, Capri Global
LIC's shareholding in Hindustan Unilever (HUL) has increased from 11,73,80,500 to 11,76,90,500 equity shares, aggregating to 5.008 per cent of the paid-up capital of the company Mumbai:LIC has increased its stake in Hindustan Unilever Ltd, Hero MotoCorp and...
LIC to focus on non-par products, launches non-participatory, savings product Dhan Sanchay
(L to R) MR Kumar, chairman, Siddhartha Mohanty, managing director, Bishnu Patanaik,MD at the LIC's launching ceremony of Dhan Sanchay Dhan Sanchay provides guaranteed income benefit(GIB) during the payout period from the date of maturity, and guaranteed terminal...
Sensex sinks 1404 points on global selloff; investors lose Rs 6 lakh crore, LIC shares fall further
Falling for the tenth straight session on Monday, shares of Life Insurance Corporation (LIC) of India dropped 4 per cent to hit an all-time low of Rs 681.70 on BSE while its market capitalisation (m-cap) slipped to Rs 4,34,052 crore. The selloff has led to erosion of...
IRDAI’s new norms to prompt insurers to launch innovative policies swiftly: Experts
The relaxed norms for launching insurance products, experts feel, will also make insurers more responsible as they would be held accountable for the products which are offered in the marketplace without prior approval of IRDAI Mumbai; IRDAI's decision to permit 'use...
Govt ‘concerned’ about dip in LIC share price; calls it temporary blip
Tuhin Kanta Pandey, secretary,DIPAM ''We are very concerned about the temporary blip in LIC share price. People will take time to understand (fundamentals of) LIC. LIC management will look into all these aspects and will raise the shareholders' value,'' DIPAM...
Life insurers can launch products without prior nod, says Irdai
The move will enable life insurers to launch most of the products (except individual savings, individual pensions and annuity) in a timely manner according to the dynamic needs of the market The board will have to also constitute a Product Management Committee (PMC),...
IRDA forms panels to implement RBC, IFRS, and Insurtech strategies
In order to take forward the process of setting out reforms for increasing insurance penetration and facilitating sustainable growth of the industry and to explore the emerging trends and opportunities such as technology based core processes, Insutech, Risk...
Munich Re elevates Akash Gupta as MD and head of Southeast Asia life and health
With effective from July 1, Munich Re has elevated Akash Gupta as managing director and head, Southeast Asia life and health. Gupta is currently Munich Re’s head of life and health Asia valuation and planning. Based in Singapore, Gupta reports to David Hughes, CEO,...