M Nagaraju, secretary, Department of Financial Services Till date...
Category:
Life
Latest
Financial literacy a “core life skill” to secure savings, says Shamika Ravi
Shamika Ravi, Member of the Economic Advisory Council to the Prime...
NHRC notice to IRDAI over specially-abled children’s kin facing difficulty in getting life insurance
Taking cognisance of the complaint, the bench of the Commission...
EMEA insurance sector in 2026 to have stable operational and business conditions, says Fitch Ratings
Some pricing and competitive pressures will arise, alongside weak economic growth and volatile financial markets, but robust underwriting and new business generation, high reinvestment yields, and strong capitalisation will support insurers. Stockholm/Paris/London:...
Swiss Re open to inorganic opportunities,says CEO Berger
“We are open to inorganic opportunities,” Swiss Re CEO Andreas Berger told analysts at its investor day. “I’d like to keep some powder dry.” Zurich: Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that...
Shalini Pandit,JS,DFS,replaces Goyal as part-time memeber in IRDAI board
Shalini Pandit, joint secretary,Department of Financial Services Pandit has also been made director on the board of Life Insurance Corporation New Delhi:The Government, on Friday, has changed its nominee directors in the boards of insurance regulator IRDAI, Life...
LIC launches 2 new products for risk protection and savings
R. Doraiswamy, CEO & MD along with other senior leadership team of LIC at the launch of LIC’s Protection Plus & LIC’s Bima Kavach In Bima Kavach, the life assured can select a policy term which can extend up to 100 years, ensuring long-term protection....
Ramakrishnan Chander takes over as MD of LIC
Ramakrishnan Chander,58, has taken charge as one of the managing directors of Life Insurance Corporation on Monday. He was earlier an executive director of the corporation, He will be retiring on Sept 30, 2027 or until further orders, whichever is earlier, said LIC. A...
FM says Finance Ministry does not advise LIC on investments, Adani investments as per SOPs
"The Ministry of Finance does not issue any advisory/direction to LIC in connection with matters related to investment of LIC fund.The investment decisions of the state-owned insurer, she said, are taken by "LIC alone following strict due diligence, risk assessment...
Insurance, 8 other economic bills to be taken up in Winter Session
As per the list of Bills circulated with the members of Parliament for the upcoming session, the government proposes to introduce The Insurance Laws (Amendment) Bill, 2025, to raise the FDI limit in the insurance sector to 100 per cent, from 74 per cent, as part of...
FM Sitharaman lays foundation for offices of 15 PSU banks, insurance companies in Amaravati
Sitharaman described the gathering of all major PSU banks and insurance companies on one financial street as a historic first for any state capital in India Amaravati:Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu on...
Life Insurance:Driving Product Innovation and Long-Term Sustainability
Along with changing customer needs, expanded datasets and increasing digitisation, the specialized skillset of actuaries is also paving the way for new age personalised and embedded products. Enabled by modern techniques, including machine learning and predictive...
Individual NBP for life insurance growth estimated at 9 pc in FY2026: Icra
"The GST exemption on individual life insurance policies, which enhances customer affordability, is expected to boost individual NBP growth in the medium term. After a subdued H1, this NBP growth is projected to recover in H2 FY2026, with an overall increase of about...