Sanjay Lohiya, who will become the new secretary, Department of...
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LIC emerges as highest profit-making financial company in Jan-Mar quarter
However, SBI significantly outpaced LIC in annual profit, earning...
LIC’s net profit rises 23% to Rs23,420 crore in Q4FY26, declares a dividend of Rs 10 per share
R Doraiswamy, CEO & M D, LIC, said,“FY 2025-26 has been a...
HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its group companies have received permission to invest in IndusInd Bank.These include HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management, and...
Insurance Amendment Bill, 2025:IRDA members’ retirement age raised from 62 to 65
Despite the Bill to hike FDI in the insurance sector to 100 per cent, one of the top officials — Chairman, Managing Director, or CEO — must be an Indian citizen.It also paves the way for the merger of a non-insurance company with an insurance company. New Delhi: The...
Cabinet approves Insurance Amendment Bill for raising FDI cap to 100%, no provision for Composite license
Bill doesn't have any of the much talked about features like Composite License, Open Architecture and allowing Differential Capital Among new provisions, the bill proposes to constitute a Policyholders’ Education and Protection Fund, One-time registration of insurance...
Central law on eviction of unauthorised occupants prevails over state rent laws: SC
A three-judge bench of Justices Vikram Nath, Sandeep Mehta and N V Anjaria ruled that the provisions of the PP Act apply retrospectively, meaning tenants who have occupied premises belonging to government corporations like the Life Insurance Corporation (LIC), other...
Ageas Federal Life unveils its new logo, ropes in Sachin Tendulkar as brand ambassador
Cricker legend Sachin Tendulkar and Jude Gomes, managing director & CEO of Ageas Federal Life at an event in Mumbai to launch company's new brand identity Jude Gomes, managing director & CEO of Ageas Federal Life Insurance, said, “ This milestone accelerates...
BNP Paribas to pay $3.5 billion for increasing its stake in Ageas to 22.5% from 14.9%
The deal involves France’s biggest bank selling its 25% stake in AG Insurance to Ageas for 1.9 billion euros while simultaneously investing 1.1 billion euros into Ageas through its insurance subsidiary BNP Paribas Cardif, based on an agreed price of 60 euros per...
EMEA insurance sector in 2026 to have stable operational and business conditions, says Fitch Ratings
Some pricing and competitive pressures will arise, alongside weak economic growth and volatile financial markets, but robust underwriting and new business generation, high reinvestment yields, and strong capitalisation will support insurers. Stockholm/Paris/London:...
Swiss Re open to inorganic opportunities,says CEO Berger
“We are open to inorganic opportunities,” Swiss Re CEO Andreas Berger told analysts at its investor day. “I’d like to keep some powder dry.” Zurich: Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that...
Shalini Pandit,JS,DFS,replaces Goyal as part-time memeber in IRDAI board
Shalini Pandit, joint secretary,Department of Financial Services Pandit has also been made director on the board of Life Insurance Corporation New Delhi:The Government, on Friday, has changed its nominee directors in the boards of insurance regulator IRDAI, Life...
LIC launches 2 new products for risk protection and savings
R. Doraiswamy, CEO & MD along with other senior leadership team of LIC at the launch of LIC’s Protection Plus & LIC’s Bima Kavach In Bima Kavach, the life assured can select a policy term which can extend up to 100 years, ensuring long-term protection....