The shift in policy in China could be a signal that authorities...
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Due diligence of qualified bidders for IDBI Bank underway: MoS Finance
The government, along with LIC, is selling nearly 61 per cent stake...
IRDAI chief to meet insurance industry CEOs for Bima Sugam and Bima Manthan on Feb 12-14
Debasish Panda,chairman,IRDAI The IRDAI, on Feb 12, is expected to...
Govt extends tenure of IPO-bound LIC’s chairman for 1 more year
M R Kumar, Chairman, LIC With the extension, M R Kumar will continue as chairman of LIC till March 2023, the sources said. Besides, the government has also extended the tenure of one of the managing directors, Raj Kumar, for one year. New Delhi: The government has...
MFSL’s PBT at Rs 236 crore in 9MFY22
The consolidated profit before tax (PBT) in 9MFY22 stood at Rs 236 crore, lower as against previous year primarily due to COVID-19-related provision in 9MFY22 and one-off items in the same period last year New Delhi: Max Financial Services Limited (MFSL), with Max...
India seeks regulatory fast track for LIC as it gears up for the country’s largest IPO
The Securities and Exchange Board of India (SEBI) has been urged to complete its vetting process in less than three weeks instead of the 75 days it usually requires,sources said NEW DELHI: The Indian government has asked regulators for a swift review of Life Insurance...
Govt eyes LIC listing on stock exchanges by March end: DIPAM Secy
"LIC disinvestment amount will be included in this year's (Budget) because we aim to list it before March 31," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI New Delhi: The government will list the country's largest...
Today only 18% of insurers are able to optimize data use for competitive advantage: Capgemini
Insurers with non-traditional, real-time data sources such as telematics, wearables and social media data will be able to meet rising customer expectations of convenience, customized advice, and dynamic pricing, and compete with InsurTech companies that are able to...
Budget 2022: Insurers urge higher 80 C investment limit; cut in GST on health products
"The industry has long pending expectations from the policy makers for incentivizing people to get life insurance by giving a separate deduction limit of minimum Rs 1 lakh for insurance premium payment under Section 80C," Tarun Rustagi Chief Financial Officer Canara...
LIC posts profit after tax of Rs 1,437 cr during Apr-Sept
Investments of policyholders have grown Rs 5.9 lakh crore to Rs 37.72 lakh crore in the first half of FY22. Investments of shareholders grew Rs 56.17 crore to Rs 6,311 crore Mumbai: IPO-bound Life Insurance Corporation of India (LIC) on Tuesday reported a profit after...
Taxation of ULIP proceeds to create ‘level-playing field’ with MFs: I-T dept
The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method of calculation of capital gains with regard to ULIPs with annual premium of more than Rs 2.5 lakh and subsequently...
HDFC Life launches ESG fund
The objective of this fund, which will be part of HDFC Life Click 2 Wealth, is long-term capital appreciation through investment in such select companies across market capitalisation Mumbai: HDFC Life, the has launched its sustainable equity fund, currently available...
HDFC Life net profit rises 3% to Rs 274 cr in Q3 FY 22
“Business sentiment remains positive and the high-frequency indicators suggest economic revival is on track. We are optimistic about the sustenance of business momentum in the months to come,” said Vibha Padalkar, MD & CEO, HDFC Life Insurance Mumbai: HDFC Life on...