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From Salary to Security:Evolving Employee protection in India
For employers, employee benefits should not be treated merely as an...
Govt working on amendments to Actuary Act, 2006: DFS official
Debasish Prusty, Additional Secretary, DFS, Ministry of Finance...
Q1FY 27: GIC Re net profit rises 10% to Rs1922 cr, prm soars 9% to Rs13,475 cr, Combined ratio improves 2.06% to 104.88%
``Our premium growth has came from Health, Life Re and Surety portfolios. We are committed to disciplined underwriting, particularly Fire and Engineering. Fire segment continues to witness intense competitive pressures at both the insurance and reinsurance levels,...
Life Insurance:Protecting India’s rising aspirations
For India's semi-urban and rural households, life insurance is not merely a financial instrument; it is a means of preserving dignity and safeguarding aspirations. It empowers families to face adversity with greater confidence, knowing that years of hard work and...
Life insurers’ new business premium rises 21% in July, retail growth remains mixed
According to provisional data from the Life Insurance Council's Detailed New Business Performance of Life Insurers for the Period ended Jul-26, group single-premium collections rose sharply to Rs 27,857.01 crore in July from Rs 21,280.53 crore a year earlier, an...
LIC reports 23% jump in its net profit to Rs 13,492 crore in Q1FY27
R Doraiswamy, CEO & MD, LIC, said,“The numbers are good this quarter, but if you look at the growth in premium or APE, it is not as high as what you would have expected.What gives us more happiness is that our VNB has grown by 61 per cent plus and our VNB margin...
Govt kept investment bankers in dark on LIC’s unusually fast $3.3 billion OFS deal
Officials in the state divestment department kept the launch date a secret to prevent traders from taking positions ahead of the sale and pushing the stock lower before the government could sell its shares, according to people familiar with the matter. Even the banks...
Low insurance penetration, reforms to drive ‘massive’ growth in India’s insurance sector: S&P
"Accelerated industry reforms and low penetration levels to drive massive sector growth in India. Liberalization, competition and regulatory changes will shape the insurance sector's development," the S&P report said. New Delhi:India's insurance sector is poised...
Government raises Rs 31,552 crore as LIC Offer for Sale closes with overwhelming investor response
"Offer for Sale in the Life Insurance Corporation of India (LIC) closed with an overwhelming response from both retail and institutional investors. The issue was oversubscribed on both days, and the Government exercised its entire green shoe option. With this, the...
Goldman Sachs, Talcott partner $1 billion Bermuda reinsurance sidecar for U.S. annuities
Under a quota share agreement, the sidecar will assume a portion of specific U.S. annuities originated by Talcott.Talcott will provide the sidecar with support services across actuarial, finance, compliance and risk functions. Talcott Financial Group and Goldman Sachs...
LIC Offer For Sale gets 3.32 times institutional demand; government to exercise green shoe option
"Offer for Sale in LIC received an overwhelming response from the institutional investors and was over-subscribed 3.32 times of its base size. This enthusiastic participation reflects robust investor confidence and the depth of India's capital markets. In view of the...
Breaking Silos: Unlocking next growth journey
India’s insurance market is entering a new phase where distribution scale alone will no longer determine growth. As customer journeys become increasingly digital and interconnected, insurers must bring product, underwriting, technology, marketing, operations and...