The company, in its statement, did not elaborate if the source had...
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Bandhan Life expands its strategic partnership with Bandhan Bank into Northern India
Bandhan Life has announced the expansion of its strategic...
RBI approves Central Bank buying stakes of Generali group’s Indian companies
The Reserve Bank of India (RBI) has approved state owned Central...
Insurance products emerge as preferred financial tools to meet future goals: Survey
''Saving for their children's future and milestones emerged as the top priority for parents at 64 per cent, along with saving for medical emergencies at 65 per cent. This was followed by long-term wealth creation for the family at 54 per cent and building a corpus or...
Govt to soon clear list of independent directors for PSBS and insurance companies
Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi makes all high-level appointments, including that of independent directors As per the Companies Act 2013, every listed public company shall have at least one-third of the total number of...
QBE Re launches life reinsurance for MENA with addition to Dubai office
The newly created role marks an expansion of QBE Re’s offering in the region to focus on growing opportunities in the MENA life reinsurance market. QBE Re has appointed Mohamed El Sabri as Head of Life Reinsurance for Middle East and North Africa (MENA).Subject to...
WTW partners with Indeez for gig workers and digital platforms in Asia Pacific
Simon Weaver, Head of Corporate Risk & Broking, Asia Pacific, and Head of Australasia, WTW said: “Prior to the outbreak of COVID-19, the International Labour Organisation estimated that 1.3 billion people were working in the gig economy in 2018 in this region. The...
LIC leads in individual insurance, pvt sector in group insurance
According to a research report by Emkay Global Financial Services Ltd, the new retail policy count remained anemic for most private players barring SBI Life Insurance. “The reinsurance price increase and tightening of underwriting processes led to lower sales of pure...
“For 2021, we expect the pricing to maintain. In the non-proportional segment, pricing is soft and challenging” GLN Sarma,CEO, Hannover Re, India Branch
Germany based Hannover Re, is the third-largest global reinsurance group, with a gross premium of around €24 billion. It has set up its India branch office in Mumbai three years back and has ambitious plans for India as part of its long term Asian growth strategies....
CCI approves acquisition of 100 pc shareholding in Exide Life by HDFC Life Insurance
New Delhi: CCI approves acquisition of 100 pc shareholding in Exide Life by HDFC Life Insurance CompanyThe Competition Commission of India (CCI) approved the acquisition by HDFC Life Insurance Company (Acquirer) of 100 per cent shareholding in Exide Life Insurance...
B C Patnaik takes charge as MD of LIC, new top team to oversee its IPO
The government in a major change, recently, had extended the retirement age of chairman of LIC to 62 and had given the current chairman MR Kumar, who was supposed to retire in June 2021, nine months of extension till March 2022.
Mohanty,59, is likely to succeed Kumar as the chairman of the corporation.
Max Life AUM crosses Rs 1 lakh crore, grows 6 times in over a decade
New Delhi, Sept 30: Max Life Insurance, one of the top 5 life insurers in the country, on Thursday said its assets under management (AUM) have now crossed Rs 1 lakh crore, registering a growth of six times in over a decade. Max Life has scaled a significant...
Coal power plant pollution in India could lead to additional premature deaths in 6 cities: Study
Dr Rachel Huxley, Head of Knowledge and Research at ‘C40 Cities’ said, “Current national plans would expand the coal fleet by 28 per cent between 2020 and 2030 and not reducing it by 20 per cent, threatening the health and well-being of the urban residents in Delhi while undermining India’s climate and air quality targets.” She further stated, “Current national plans could nearly double the number of annual premature deaths from coal power plants air pollution in the city.”