Tapan Singhel, MD&CEO, Bajaj General Insurance& Chairman,...
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Union Budget 2025:Insurance Reforms Bill with 100% FDI to be tabled soon, says Sitharaman
100% FDI proposal, larger reforms moves along with other Amendments...
Economic Survey urges insurers to address concerns on mis-selling, delayed claims settlements, AI, cybersecurity, and 3rd-party interactions
In the life insurance segment, there is a noticeable shift towards...
LIC gets market regulator nod for IPO
However, bankers advising LIC had pushed the government to defer the launch of the stock offering. IPO approvals are valid for a period of 12 months from the date of final observation by the Securities and Exchange Board of India. Mumbai: India's market regulator has...
Future Enterprises gets court nod for stake sale in Generali insurance venture
A Mumbai city court late last month put on hold Future's planned sale of its 25% stake in Future Generali India Insurance Company to Generali for 12.52 billion rupees ($162.82 million), after a legal challenge from some bondholders of Future companies that had...
Irda asks insurers to put details of health covers for transgender persons in public
Earlier, IRDAI had asked insurer to evolve a health insurance underwriting policy covering approach and aspects relating to offering health insurance coverage not only to standard lives but also to substandard lives Hyderabad: The insurance regulator IRDA has...
LIC IPO: Govt to take call in best interest of investors, DIPAM Secy
DIPAM Secretary Tuhin Kanta Pandey said that while the government's desire is to come out with the Initial Public Offer (IPO) of the state-owned life insurer in the current fiscal, it is a ''dynamic situation'. New Delhi: The government will take a call on the IPO of...
Govt to push LIC IPO to next fiscal amid market swings
Finance Minister Nirmala Sitharaman said this week she “wouldn’t mind” taking another look at the timing of the LIC offering, though ideally she’d like to go ahead with it. Even if it doesn’t pursue the share sale on the original timeline, the government is still...
LIC appoints Sunil Agrawal as its first CFO
Getting ready for a public listing, Life Insurance Corporation (LIC), with over Rs 38 trillion assets, has roped in Sunil Agrawal as its chief financial officer (CFO). Agrawal earlier had worked with Reliance Nippon Life Insurance in the same post for over 12 years....
Max Life incorporates pension fund subsidiary, to infuse Rs 55 cr
Max Life Insurance Company Ltd has incorporated a wholly-owned subsidiary Max Life Pension Fund Management Ltd and will infuse Rs 55 crore into the firm by subscribing to 5.5 crore shares. The wholly-owned subsidiary company of Max Life Insurance Company Ltd (Max...
Govt may review timing of LIC IPO after Ukraine invasion: FM Sitharaman
“Ideally, I’d like to go ahead with it because we’d planned it for some time based purely on Indian considerations,” Sitharaman said “But if global considerations warrant that I need to look at it, I wouldn’t mind looking at it again,” she said New Delhi India may...
India court blocks Future Enterprises from selling stake in Generali JV
Future Enterprises said in January that it had decided to sell its 25% stake in Future Generali India Insurance Company to Generali Mumbai: A Mumbai city civil court has blocked Future Enterprises from selling its stake in its general insurance joint venture business...
Government allows up to 20 per cent FDI in LIC under automatic route
Under current rules, foreign investment is not allowed in the LIC, governed by the special parliament act, while 74% foreign direct investment is allowed in other private insurance companies NEW DELHI: India's cabinet approved on Saturday a policy amendment allowing...