The journey for value creation would now begin, Ashok Hinduja said,...
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LIC likely to announce its stake buying in a health insurer by Mar 31, says Mohanty
Siddartha Mohanty, MD & CEO, Life Insurance Corporation `Our...
Allianz exits 2 Bajaj insurance JVs by selling its 26 % for Rs 24,180 crore, to set up new Indian insurance companies
Allianz, which had invested just Rs 174 crore in both the JVs way...
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...
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...