Parag Raja, managing director and CEO, Bharti AXA Life Insurance,...
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LIC unveils digital `one man office’ for its sales force
Siddhartha Mohanty, CEO & MD, LIC One Man Office (OMO), offered...
Aviva India fined $7.5 million by Income Tax authorities for fake invoice scheme
After hearing Aviva's defence, joint tax commissioner Aditya Singh...
LIC IPO- likely to open between May 4-9, smaller size risks India’s fiscal deficit target
The LIC board will meet Tuesday to decide the launch dates for its IPO along with the discount to be offered to policyholders, employees and retail shareholders LIC's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower...
RCL may share RFRP with bidder by Wed; all cash bids to get highest score
RCL has 8 businesses that are on the block. This includes general insurance, life insurance, health insurance, securities business, and asset reconstruction among others Some of the prominent bidders of RCL are ICICI Lombard, Tata AIG, HDFC Ergo, Nippon Life...
Government likely to take a call on timing of LIC IPO within this week
The official said it would be a tough call to decide whether to go ahead with the retail and domestic investor demand or to wait for geopolitical tension to ease and FIIs to return to market. "A decision on timing the IPO would be taken this week," the official told...
Life insurers’ new premium rise 13% to Rs 3,14 trillion in FY 2021-22, private sector gains market share by 3%
LIC’s new premium income has seen a growth of eight per cent y-o-y to Rs 1,98 trillion during the reporting period. The private sector companies led by SBI Life has mobilised a total new premium of Rs 1,15 trillion, up 23 per cent y-o-y, in FY 2021-22 Except Future...
Govt amends FEMA rules to allow 20% foreign direct investment in LIC
Setting the stage for the country's biggest-ever public offering, Sebi has approved the draft prospectus for sale of a 5 per cent stake by the government for an estimated Rs 63,000 crore According to the draft paper, LIC's embedded value, a measure of the consolidated...
ICICI Pru Life net profit triples to Rs 185 cr in March quarter
N S Kannan, MD & CEO, ICICI Prudential Life Insurance said, "Despite the disruptions caused by the third wave of Covid-19, which impacted productivity in January and February, we were able to demonstrate resilience in our operations. In March, we posted the best...
Indian insurance industry has managed Covid 19 crisis well: III Survey
From(L to R) Dilip Ukey, vice-chancellor, Maharashtra National Law University,Sharad Mathur, MD and CEO, Universal Sompo General Insurance, Devesh Srivastava, CMD, GIC Re at an event in Mumbai to release survey reports prepared by Insurance Institute of India The...
Reliance Cap lenders finalise RFRP for bidders; approval expected next week
Key clusters of RCL are Reliance General Insurance, Reliance Health Insurance, Reliance Nippon Life Insurance, Reliance Asset Reconstruction, and Reliance Securities New Delhi: Reliance Cap lenders finalise RFRP for bidders; approval expected next weekLenders of...
LIC emerges as the 9th most valuable and 4th strongest global insurance brand in 2022
In terms of most valuable insurance brand, at $ 11. 1 billion(up 30% from $8.65 billion in 2021), LIC in 2022 has moved one place up in its global ranking to the ninth position from 10th in 2021, However in the global top 10 list which is dominated by Chinese insures(...
Venkatesh Naidu appointed as CEO of Bajaj Capital Insurance Broking
Bajaj Capital Insurance Broking has announced the appointment of Venkatesh Naidu as its chief executive officer. Venkatesh has over 20 years of experience in working and building renowned insurance organisations in India like Exide Life Insurance, Bharti AXA Life...