Gavin Maistry, chief executive-designate,Life and Health Asia...
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Motherhood & Financial Planning: Securing every stage of life with confidence
A strong financial plan is not built only around protection. It...
Govt asks state-run banks,insurance firms to cut costs, shift to EVs
Under the new measures, all meetings, reviews and consultations...
Ramakrishnan Chander takes over as MD of LIC
Ramakrishnan Chander,58, has taken charge as one of the managing directors of Life Insurance Corporation on Monday. He was earlier an executive director of the corporation, He will be retiring on Sept 30, 2027 or until further orders, whichever is earlier, said LIC. A...
FM says Finance Ministry does not advise LIC on investments, Adani investments as per SOPs
"The Ministry of Finance does not issue any advisory/direction to LIC in connection with matters related to investment of LIC fund.The investment decisions of the state-owned insurer, she said, are taken by "LIC alone following strict due diligence, risk assessment...
Insurance, 8 other economic bills to be taken up in Winter Session
As per the list of Bills circulated with the members of Parliament for the upcoming session, the government proposes to introduce The Insurance Laws (Amendment) Bill, 2025, to raise the FDI limit in the insurance sector to 100 per cent, from 74 per cent, as part of...
FM Sitharaman lays foundation for offices of 15 PSU banks, insurance companies in Amaravati
Sitharaman described the gathering of all major PSU banks and insurance companies on one financial street as a historic first for any state capital in India Amaravati:Union Finance Minister Nirmala Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu on...
Life Insurance:Driving Product Innovation and Long-Term Sustainability
Along with changing customer needs, expanded datasets and increasing digitisation, the specialized skillset of actuaries is also paving the way for new age personalised and embedded products. Enabled by modern techniques, including machine learning and predictive...
Individual NBP for life insurance growth estimated at 9 pc in FY2026: Icra
"The GST exemption on individual life insurance policies, which enhances customer affordability, is expected to boost individual NBP growth in the medium term. After a subdued H1, this NBP growth is projected to recover in H2 FY2026, with an overall increase of about...
“When in doubt, choose the customer” IRDAI chief asks insurers
“Compliance cannot be a department— it must be a mind-set. And grievance redressal cannot be the end of a process— it must be our early warning system. When in doubt, choose the customer. If we do that consistently, trust will follow, growth will follow, and the...
Sitharman meets trade unions for pre-budgetary consultations
The unions demanded that the government must withdraw the proposal permitting 100% FDI in the insurance sector and stop the privatisation of Life Insurance Corporation and the four PSU general insurance companies New Delhi: Finance Minister Nirmala Sitharaman has met...
Kotak Life’s assets under management crosses Rs 1 lakh crore in 25 yrs
Mahesh Balasubramanian, managing director, Kotak Life With a conservation ratio of 86.26%, Kotak Life demonstrates strong customer retention and long-term engagement Mumbai: Kotak Mahindra Life Insurance Company Limited (Kotak Life) has achieved a landmark milestone,...
Bima Gram API to strengthen rural coverage, says insurance industry
The Bima Gram API maps postal PIN codes to Local Government Directory (LGD) codes, creating a unified, verifiable database for rural identification. Through the Bima Gram API, insurers can now simply enter a customer’s postal PIN code to retrieve the corresponding...