2nd Edition of IFSCA-IRDAI GIFT IFSC Global Reinsurance...
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SBI Life Insurance reports a 71% rise in net profit at Rs 551 crore for Q3FY25
SBI Life's expense of management increased during the quarter to Rs...
Women in Goa stride towards empowerment with ‘Bima Sakhi’ scheme
Pramod Sawant, Chief Minister, Goa The Bima Sakhi Yojana was...
Govt may scale down size of LIC IPO to Rs 50,000 crore, may launch it in mid-May
The government and its advisers are considering seeking a valuation of about 1.25 to 1.5 times LIC’s embedded value, the people said. Officials are still discussing potential terms of the offering, and the fund-raising target could still change, the people said...
Global insurers plan to ramp up private equity investments
More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost returns, according to the survey of 328 executives overseeing more than $13 trillion in insurance assets Insurers want to put more money into private equity...
China and India biggest domestic market opportunities for insurance: HSBC
“Mainland China and India are growing at fast rates and are two of the biggest domestic market opportunities,” said Greg Hingston, global chief executive, HSBC Holdings Plc’s insurance Opportunities will likely be in places like Singapore, India and mainland China,...
Max Life insurance ecommerce channels achieves 8x growth over 4 Years
With the insurance industry projected to grow at 25-35% online in the next five years, Max Life is aiming to boost its e-commerce growth to 35-50%, touching the Rs 1,500-crore mark by FY26 New Delhi: Max Life Insurance announced that its ecommerce channels have...
IRDA chairman Panda to meet insurers on Apr 6-7 in Mumbai to unveil his agenda for industry
Debasish Panda, Chairman, IRDAI ``Yes, we have got intimations to have interaction with the new IRDAI chairman. We are happy that Panda is meeting us face to face. We are getting ready with our agenda to be put before him. Since, he has already dealt with the industry...
Generali hikes its stake to 68 % in its Indian life JV
Generali now holds a stake of around 68% in FGIL, which may increase further to 71% by the end of 2022, following further subscription of shares by Generali Jaime Anchústegui Melgarejo, CEO International of Generali, said: “This acquisition is in line with Generali’s...
Indian Millennials are financially prudent, need guidance for buying life insurance: Tata AIA Life Survey
However, amid the encouraging habits towards financial prudence, Indian millennials are yet to become fully aware of and understand solutions such as life and health insurance Mumbai: Indian millennials seem to have realized the importance of maintaining a healthy...
Apr 1 renewals: Hannover Re rules out any price hike for Indian market
The renewals in India in P&C(Property & Casualty) should be relatively stable both on the proportional and on the non-proportional side. 2021 has been a benign year for us from catastrophic losses point of view in India. said Sven Althoff, member, (P&C),...
Insurers can sell short-term Carona policies till Sept,2022:IRDAI
Hyderabad: The insurance regulator IRDAI has once again extended the time frame to sell short-term exclusive Carona policies by the insurers to September, 2022. The IRDA, which had asked insurers to offer standard corona specific health cover polices from July 2020,...
Bajaj Allianz Life launches guaranteed income product
Bajaj Allianz Life recently launched their value-packed product – Assured Wealth Goal – specifically designed to offer guaranteed income to help secure one’s long term life goals, such as building a house, going abroad for a vacation, paying for a child’s higher...