Given the paucity of time, it is difficult to present the Bill in...
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PM Modi to inaugurate women centric LIC Bima Sakhi Yojana on Monday
Prime Minister Narendra Modi Aiming to provide rural women with job...
Canara Bank gets RBI nod for life insurance & MF stake divestment
Reserve Bank of India on Thursday has accorded approval to our bank...
LIC to take legal action against misuse of Its logo on social media platforms
"It has also come to our notice that certain unscrupulous service providers and agents have created websites and Apps whereby they are attempting to provide various services such as 'Insurance and Insurance Advisory Services' to customers using our trademarks/service...
Some EU insurers relied on relief measures during stress test, says watchdog
Industry body Insurance Europe said the results confirm the sector's ability to meet promises to customers under extreme 1 in 1,000 year events The next test for insurers, which could include climate-related elements, won't be until 2023 The test covered 44 insurers...
ICICI Pru Life Insurance signs the UN Principles of Responsible Investing
Manish Kumar, Chief Investment Officer, ICICI Prudential Life Insurance said, “As part of our commitment towards promoting sustainable investing we recently launched the ‘Sustainable Equity Fund’, an ESG-focused fund, and in the process became the first life insurance...
Shriram Group to merge finacial biz, hive off insurance
Shriram group will merge Shriram Capital Ltd and Shriram City Union Finance with Shriram Transport Finance Shriram Capital will demerge its financial services and insurance business and the rest of its business to be merged with Shriram Transport The new entity will...
AMFI pitches for pension oriented MF Scheme; tax parity with ULIPs
Amfi has proposed ''to bring parity in tax treatment in respect of capital gains on withdrawal of investments in ULIPs of Life Insurance companies and redemption of Mutual Funds Units, so as to bring about level playing field between ULIPs and MF scheme''. The...
Swiss Re agrees to sell elipsLife to Swiss Life International
Andreas Berger, Chief Executive Officer Swiss Re Corporate Solutions, said: “We are very pleased to have found the perfect partner in Swiss Life to take elipsLife into a successful future. The sale will allow Corporate Solutions to focus on continuing the strong...
Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn
Private equity firms and investment managers including Blackstone Inc, Brookfield Asset Management and KKR & Co Inc have been building up their insurance arms in the last two years. They see an opportunity to use the capital from life insurance and annuities...
Generali eyes bigger stake in India businesses as Future seeks exit: Report
Future and another Indian entity together own a 51% stake in the life-insurance joint venture with Generali, while Future holds all of the remaining 51% stake in the non-life insurance venture Future is hoping to raise 30 billion rupees ($400 million) by selling its...
Munich Re to digitalise Tokio Marine’s NEW BUSINESS in Malaysia
“Before COVID-19, we conducted most of our business face to face. However, the onset of the pandemic made it necessary to shift into a different way of doing, and thinking about, business. Munich Re’s ALLFINANZ SPARK will help to utilize more digitally advanced...
New premium income of life insurers up 42 pc at Rs 27,177 cr in Nov: Irdai
The insurance behemoth LIC -- the only state-owned life insurer in the country -- witnessed over 32 per cent rise in the first-year business premium in November at Rs 15,967.51 crore, as against Rs 12,092.66 crore in the year-ago same period, Irdai data shows Rest of...