The finance ministry has set a record target of Rs 2.5 trillion of...
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Tata AIA’s Swaminathan S. Iyer appointed as Member, Life, IRDAI for 5 yrs
Swaminathan S. Iyer, Member-designate, Life, IRDAI ``The...
Underinsurance Survey 2025: Shifting life insurance trends
Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance The survey...
CCI approves acquisition of Ageas Federal Life Insurance by Ageas Insurance
The proposed combination pertains to the acquisition of further shareholding in Ageas Federal Life Insurance Company Limited (AFLI) by Ageas Insurance International NV (Acquirer), CCI said in a statement New Delhi: The Competition Commission of India (CCI) on Friday...
“Yet to decide on mandatory disclosure of commissions on the policy documents” says IRDAI
``It has come to the notice of the Authority that concerns are being expressed in some quarters regarding mandatory disclosure of commissions on the policy documents. The concerns emanate from certain recommendations made by Working Groups constituted by the Insurance...
Proportion of unmarried youth rising, finds govt survey
India's population, which reached 1,211 million in 2011 and is projected to reach 1,363 million in 2021 makes India one of the youngest countries in the world, with 27.3 per cent of its population aged 15-29 years, i.e., youth, Ministry of Health & Family...
LIC improves its embedded value to Rs.5,41,492 crore as of March 22, VNB margin rises to 15.1 per cent
MR Kumar, chairman,LIC LIC's VNB (Value of New Business ) margin, for the year ended Fy 2021-22 is 15.1 per cent as compared to VNB margin of 9.9 per cent for Fy 2020-21 The corporation's VNB for year ended March 31, 2022 has been calculated to be Rs 7,619 Crore...
With 9% growth, India will be the 6th largest insurance market globally in 10 yrs: Swiss Re report
``We forecast that premiums will grow by an average 9% per annum (in real terms) over the next decade, stronger than the 7.5% annual average of 2015–2021. At this rate, India will be the 6th largest insurance market in the world by 2032, ahead of Germany, Canada,...
Global insurance premium to surpass $7 trillion in 2022 for the first time: Swiss Re
Among top 10 markets, only three- France, Canada and India(10th largest)- have recorded positive growth in overall premium in 2021 Non-life premiums are forecast to rise by 7.1% in nominal terms in 2022, amounting to $ 4.1 trillion globally by the end of the year Life...
2 life insurers in bancassurance partnership with City Union Bank
Bajaj Allianz Life Insurance and Tata AIA Life Insurance have entered into a strategic partnership with City Union Bank, one of the oldest private sector banks in India, to offer their wide array of life insurance solutions to the bank’s existing and future customers,...
HDFC Life invests in ‘Z3Partners Tech Fund’
HDFC Life has invested in Z3Partners’ new fund named ‘Z3Partners Tech Fund’ which is a tech and digital investment focused Venture Capital (VC) fund. Z3 Partners, which is currently raising this Fund of Rs. 500 crore, has already backed best quality startups like...
IRDA constitutes 2 panels to sort out reinsurance issues in life and non-life insurance industry
Non-life panel headed by Bhargav Dasgupta, MD and CEO, ICICI Lombard General Insurance, to deliberate on issues like Obligatory Cession, Cession cap on cross boarder reinsurers, introduction of emerging risk transfer solutions (ART, ILS, CAT bonds etc.), and...
8 new Insurance Ombusdmen selected
Atul Sahai, former CMD, New India Assurance has been selected for Lucknow along with Manoj K Parida, a retired IAS officer for Bhubaneswar, Bimbadhar Pradhan, ( retired IAS for Noida), C Vikash Rao (Life Insurance Corporation for Ahemedabad),Sumeet Jarath(Delhi),...