Bajaj Allianz Life, and Satin Creditcare Network , a non-banking...
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LIC launches specialised product for child education
Siddharth Mohanty(L), Chairman, LIC, Vivek Joshi(R), Secretary,...
Subramanian Swamy moves Delhi HC seeking probe against Axis Bank-Max Life share deal
Subramanian Swamy In his petition, Swamy has alleged Axis Bank made...
SEBI pulls up SBI Life for not complying with minimum public shareholding norms
“The company and BNP Cardif may note that the dilution of shareholding beyond the permissible limit is not in compliance with provisions of the said circular and hence, such dilution would not be counted towards achieving MPS threshold,” SBI Life said in a regulatory filing quoting the letter of Securities and Exchange Board of India (SEBI).
Reliance Capital’s stake sale to Nippon Life to be completed by month-end
Reliance Capital Ltd, the financial services arm of Anil Ambani-led Reliance Group, has interests in life, health and general insurance, commercial as well as home finance, stock broking, wealth management services, among others.
Regulatory Sandbox a win-win position for regulators and Start-ups:IRDAI
Banarji, urged insuretech firms to use the facility to test new products and services and added that IRDAI will start receiving applications under regulatory sandbox from 15 September to 14 October 2019
LIC western zone sets 11% growth in new premium mop-up in FY20
“For the current year, we have a target of selling 39.75 lakh policies or a premium collection of Rs 11,375 crore. We have already sold 9,75,000 policies with a total premium of Rs 4,600 crore in the first five months of the fiscal,” zonal manager C Vikas Rao told reporters.
Global reinsurance market to see consolidation, product & service innovation:S&P
S&P Global Ratings believes that these factors will continue to push the sector to evolve, forcing market consolidation, product and service innovation, expansion of product offerings, and reimagining of the re/insurance value chain. Indeed the market may look different, but it could be a long time before the competitive landscape changes.
Hurricane Dorian slams Bahamas, Florida,expected industry losses range between $11.3bn to $37.2bn
Industry loss estimates are currently sitting in a range from $10 billion to as much as $25 billion (perhaps even $30 billion according to some new runs we’ve seen), which aligns with these analogue storms RMS has highlighted
Bancassurance landscape to see changes after merger of 10 PSBs to change the country’s
At least three insurance companies —Star Union Daiichi, Canara HSBC OBC Life Insurance and India First Life Insurance — could witness a change in their ownership structure because of the bank mergers, but that may probably give these firms a better reach to build their businesses with extended branch network.
LIC settles 259.54 lakhs of claims amounting to Rs1,63,104 cr in 2018-2019
During 2018-19, the LIC has registered a growth of 5.68 per cent in the new business in terms of the first year premium. The total first year premium amounted to Rs1,42191.69 crore at the end of March, 2019 capturing 66.24 per cent of market share.
D Srivastava to head GIC Re, M Poddar selected as AIC CMD
Similarly, the governmemt has filled up two posts of managing directors at Life Insurance Corporation by appointing Mukesh Gupta, executive director, LIC and Raj Kumar, CEO, LIC Mututual Fund to these posts.
IRDA begins pilot projects to boost auto insurance
Last year, the life insurance segment has grown by 11 per cent, general insurance segment has grown by 12 per cent and health segment has grown by 20 per cent, while standalone health insurers have grown by 37 per cent