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Tata AIA ties up with Federal bank, ICICI Lombard with Capital Small Finance Bank
Capital Small Finance Bank has announced a bancassurance corporate...
Ambani’s financial services App to take on Google and Amazon
The company announced the test version of its platform, named...
IRDAI asks life insurers to maintain 13th month persistency at 90%
Life insurance business expected is to grow by 12 to 15 per cent in the coming years and life insurers will play a crucial role in creating huge employment through agency channel under the “New Normal, said M R Kumar, Chairman, Life Insurance Corporation
LIC policyholders get a 2nd chance to revive their lapsed policies in current fiscal
Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years from date of the first unpaid premium subject to terms & conditions.
In the revival scheme,for upto premium payment upto Rs.1,00,000, a policy holder can avail 20 per cent discount(subject to a maximum of Rs. 2000), for premium payment of Rs 1,00,001 to Rs 3,00,000,a discount of 25 per cent ( subject to a maximum of Rs. 2500) and fom Rs 3,00,001 and above,a discount of 30 per cent (subject to a maximum of Rs. 3000).
Certain other concession in health requirements is also being offered subject to eligibility. Most policies can be revived only on the basis of a declaration of good health and a covid questionnaire to be submitted by the proposer/life assured.
AM Best ranks UnitedHealth Group and Allianz SE as world’s largest insurers
Allianz SE and Prudential Financial, Inc. jumped ahead of AXA S.A. into the No. 1 and No. 2 spots, respectively, in AM Best’s ranking by 2019 non-banking assets.
AXA to sell its Greece operations for €165 million
Paris: AXA announced today that it has entered into an agreement with Generali to sell its insurance operations in Greece. Under the terms of the agreement, AXA will sell its Life & Savings and Property & Casualty businesses in Greece for a total cash...
BBB to interview 5 candidates on Jan 4 to select CMD of Oriental Insurance Company
The shortlisted candidates who will be appearing for the interview for OIC CMD post are – Anjan Dey, director and general manager, GIC Re, Shobha G. Reddy, general manager,National Insurance Company(NIC), M. Bhaskar, general manager GIC Re, Suchita Gupta, GM, GIC Re, Surya Swaroop Saxena, GM, Agriculture Insurance Company of India.
IDBI Federal Life Insurance rebranded as Ageas Federal Life Insurance after IDBI sells its 27 % stake in the life insurance JV for Rs 510 cr
IDBI Bank has completed execution of an agreement to sell up to 27 per cent stake in its joint venture insurance arm, IDBI Federal Life Insurance Company Limited (IFLI), to the other JV partners Ageas and The Federal Bank Limited, for a consideration of over Rs 500 crore
Factbox-Brexit and the City of London: what changes and when
For now, no. London still has a towering lead over rivals Frankfurt, Milan and Paris when it comes to trading stocks, currencies and derivatives and playing host to asset managers.
Financial firms say shifting more capital out of London than is necessary under Brexit would cause unnecessary and costly market fragmentation.
But in the longer term, if the EU takes a tough line on equivalence and its financial centers reach a critical mass in trading key asset classes, the attractions of London as a financial hub would diminish.
Brexit offers Britain chance to do financial services differently -minister
Under a system known as equivalence, access to EU markets will not be granted to banks, insurers and other financial firms based in Britain unless their home rules are deemed by Brussels to be “equivalent”, or as robust as regulations in the bloc.
The two sides will aim to agree a memorandum of understanding on regulatory cooperation in financial services by March 2021, and Sunak said that such language should provide reassurance.
Retail credit has experienced an increase in serious delinquencies: Report
Mumbai,Dec 22: Retail credit has experienced an increase in serious delinquencies, with loans against property and credit cards being the most affected segments, a report by a credit information bureau said on Wednesday. As of August-end, the loans overdue for...
SBI Life and Bandhan Bank bid for Reliance Life, Major PEs line up to acquier Reliance General Insurance
For Reliance Nippon Life Insurance, in which RCAP owns 51 per cent controlling stake, has received 16 bids, including Bain Capital, NIIF, Arpwood Partners, Dabur Investments, Bandhan Bank, and Multiples Asset Management among others.
For Reliance General Insurance, which is owned 100 per cent by Reliance Capital , there are 18 bidders and prominent among them are, Chryscap, J.C. Flower, Blackstone, KKR, CVC Capital Partners, and Bain Capital.