“However, it is crucial to understand the complexities of...
Category:
Life
Latest
DFS Secy launches LIC’s new Pension plan
M.P. Tangirala, additional secretary, M. Nagaraju, secretary,...
Sompo Holdings establishes global Property and Casualty (re)insurance, and Wellbeing business segments
Sompo Wellbeing will work as one group to create products and...
Bajaj Life insurance net plunges 80 % to Rs 48 crore in Q4FY2021-22
The life insurer's new business value (NBV), which is the metric used to measure profitability of life insurance businesses, increased by 72 per cent to 621 crore in FY22 over Rs 361 crore in FY21 Mumbai: Bajaj Allianz Life's 'net profit in Q4 FY22 plunged 80 per cent...
Left opposes LIC IPO, alleges ‘scam’, ‘sell off’
Communist Party of India (CPI) general secretary D Raja said it was a “matter of regret” that the BJP-led NDA government is selling off all national assets through monetisation policy and privatisation of public sector units. He said it was a ''tragedy'' that those...
Britain proposes post-Brexit changes to insurer capital rules
Britain inherited the so-called Solvency II rules from the European Union, and reforming them is seen by industry and government as a key reform after Brexit to keep the financial sector globally competitive London: Britain launched on Thursday a public consultation...
SC says LIC bound by Constitution, directs fresh verification of claims of temporary workers
A bench of Justices DY Chandrachud, Surya Kant, and Vikram Nath made the remarks while deciding a four-decades-old dispute of temporary/badli/ part-time workers who were engaged by the LIC to discharge its functions on a batch of pleas for their claims of absorption...
Bruce de Broize appointed as MD & CEO of Future Generali India Life Insurance
Bruce de Broize, MD and CEO, Future Generali India Life Insurance The appointment follows Generali’s move to consolidate its position in FGILI by completing the transaction to become the majority stakeholder Mumbai: Generali Asia on Wednesday has announced the...
Govt says LIC share sale right-sized to make it sail through
(L to R) MR Kumar, chairman, LIC and Tuhin Kanta Pandey, secretary, Dipam at a press conference in Mumbai to announce LIC IPO “The valuation process itself is essentially a discovery process. Because you don't know what we are comparing it with? Is LIC equal to HDFC...
Govt sets LIC IPO price band at Rs 902-949, Rs 60 discount for policyholders
The issue is set to open on May 2 for anchor investors and will open for subscription on May 4 and close on May 9 Retail investors and employees of LIC are also likely get a discount of Rs 45 on subscribing to the shares of LIC New Delhi: The government has set a...
HDFC Life’s net declines 11% on Covid claims in FY2021-22, to raise capital
Vibha Padalkar, MD & CEO, HDFC Life Insurance With a total premium of almost Rs 46,000 crore up 19 per cent y-o-y, over Rs 38,583 crore recorded in year-ago period, the life insurer’s asset under management (AUM) crossed Rs 2 trillion mark, clocking 17 per cent...
LIC may file preliminary IPO prospectus today, price band on Wednesday
LIC management and the investment bankers will embark on road shows in six cities across India - including Mumbai, New Delhi, Bengaluru, Ahmedabad, Rajkot, Kolkata - where they will be meeting potential investors and analysts starting on Wednesday, one of the sources...
Insurtech funding in India jumps to $ 800 million in 2021 from $290 million in 2020 :BCG Report
There has been a steady rise in no of insurtech unicorns with over 20 Unicorns in 2021, 14 in United States, 4 in UK, 2 each in India (Acko & Digit Insurance ) & France , 1 each in Austria, Israel & Mexico Jitesh Shah, MD & Partner BCG Asia Pacific...