Nirmala Sitharaman, Union Finance Minister Responding to a question...
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LIC emerges as 3rd top global insurance brands: Brand Finance
In terms of overall brand value, LIC holds the 12th position among...
Nippon Life Insurance may pick up minority stake IndusInd Bank
Nippon Life Insurance Co.’s India unit is considering buying a...
IDBI Bank to exit insurance JV by selling entire stake to Ageas for Rs 580 rore
With the stake buyout from IDBI Bank, AFLI will become the first company in the life insurance sector where the foreign partner will raise its stake to the maximum permissible limit of 74 per cent Mumbai: IDBI Bank on Friday said it has entered into a pact with Ageas...
After muted debut, LIC investors seek Aramco-style dividend
Ashishkumar Chauhan, MD and CEO, BSE, MR Kumar, Chairperson, Life Insurance Corporation and Tuhin Kanta Pandey, DIPAM Secretary pose after the company's IPO listing ceremony at the BSE in Mumbai With the demand for a handsome payout, LIC investors are taking a leaf...
LIC listed at Rs 867, 8.62% discount over its issue price of Rs 949, over 1 cr shares exchange hands
Tuhin Kanta Pandey, secretary, DIPAM (L) and MR Kumar, chairman, LIC at the LIC's listing ceremony at BSE on Tuesday "We were not expecting on a big listing as markets were jittery, expect it to pick up," said LIC's Chairman M. R. Kumar LIC's share stock touched a low...
PNB MetLife launches Dental Care Plan with dental OPD benefits
Data from Allied Market Research indicates that the Indian dental insurance industry would be worth $ 3.65 billion by 2030 New Delhi: PNB MetLife India Insurance launched the PNB MetLife Dental Care Plan, the first insurance plan in India that covers fixed-benefit...
LIC IPO: Listing on Tuesday, Faith of millions of Indian small investors put to test
“The mood could turn sour if the market price falls,” said Amitabh Dubey, a political analyst at research company TS Lombard. “The government could face criticism” Of the 21 Indian state-run companies that debuted in the stock market since 2010, half are still trading...
Govt looks for a new IRDAI member (life)
A search panel, The Financial Sector Regulatory Appointment Search Committee (FSRASC), headed by the cabinet secretary normally interviews and selects a candidate for the post members and chairmen/governor of regulatory bodies like Reserve Bank of India, Sebi and...
LIC IPO: Share price fixed at Rs 949, Govt raises Rs 20,560 crore
LIC share trading on the stock exchange is due to begin May 17 LIC’s debut comes at a time when capital-market activities have significantly slowed globally as the war in Ukraine stokes market volatility and saps investor appetite Mumbai: India raised Rs 20,560 crore...
Aviva CEO Amanda Blanc says sexism in finance has got worse
Amanda Blanc,,Chief Executive Officer,Aviva Plc The insurance sector has been dogged by allegations of sexism in recent years A 2019 Bloomberg investigation uncovered evidence of endemic sexual harassment at the world’s oldest insurance market [Lloyd’s], including...
SC refuses to grant interim relief on pleas seeking stay on LIC IPO share allotment
“We are not inclined to grant any interim relief,” the bench said as it issued notice to the Centre and LIC on the batch of pleas seeking their response within eight weeks New Delhi: The Supreme Court on Thursday refused to grant any interim relief and stay the Life...
Zurich to sell a portfolio of German life insurance policies to Cinven’s Viridium Group
French insurer AXA SA is also exploring a sale of German life insurance assets, people with knowledge of the matter said. The portfolio has attracted interest from suitors including Apollo Global Management Inc.’s Athora arm, according to the people Zurich Insurance...