Last year in August, the company announced a capital infusion by...
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H Venkatachalam appointed as new MD & CEO of Tata AIA Life, Tahilyani to head Tata Digital
H Venkatachalam, MD & CEO designate , Tata AIA Life...
LIC launches a new unit linked plan
Siddhartha Mohanty, chairperson, Life Insurance Corporation...
HDFC Life partners with startups, to co-create targeted solutions
HDFC Life is looking for startups working in areas of Artificial Intelligence / Machine Learning (AI/ML), Blockchain, Data Sciences, Augmented Reality/ Virtual reality (AR/VR), Internet of Things (IOT), Robotic Process Application (RPA) and computational linguistics amongst others.
“Retirement related life goals are now a priority among Indian millennials”
Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said, “Having embarked on the journey to become life goal enablers, the scientific and in-depth findings will play an essential role in our business strategy. The insights from the first of its kind survey clearly indicate how life goals are evolving, and millennials are opting for unconventional life goals. Furthermore, it’s interesting to note, women driving some of these new-age life goals like travel, health and fitness.”
LIC earns Rs23,600 cr of profit from its equity investment in 2018-19,total assets exceed Rs 30 trillion
As per the provisional accounts prepared, the corporations’s total premium income- new premium and renewal premium- was Rs3,37.200crore showing a growth of 6.08 per cent while the total benefits paid amounted to Rs2,50.900 crore growing by as much as 26.62 percent.The corporation had mobilised a total new premium of Rs41,086.31crore in 2018-19
Govt may raise income-tax threshold in Budget to revive economy
Finance Minister Nirmala Sitharaman may raise the tax exemption limit for working-age individuals to Rs 300,000 ($4,316) of their annual income, up from the current Rs 250,000, the people said, asking not to be identified as they aren’t authorised to speak publicly about the proposals. The tax measures haven’t been finalised yet.
FICCI for increasing FDI cap in insurance to 74%
New Delhi: The government needs to increase foreign direct investment cap in the insurance sector and multi-brand retail trading for products manufactured and sourced from India for attracting overseas inflows, industry chamber FICCI said on June 13. ...
EU says it’s ready for ‘Undesirable’ No-Deal Brexit, but some insurers are unprepared
The EU considers the Brexit deal, negotiated over 18 months, to be complete and not open to renegotiation. Departing Prime Minister Theresa May tried and failed three times to convince Parliament to approve it. The EU no-deal preparations are mainly unilateral measures. The bloc refuses to enter into “mini-deals” with the U.K. to help make no-deal Brexit easier.
UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions
Blockchain suits “the long-term nature of annuities business as it allows data and transactions to be signed, recorded and maintained in a permanent and secure nature over the lifetime of these contracts, which can span over 50 years,” Thomas Olunloyo, CEO of Legal & General Reinsurance said.
Life expectancy in India down by 2.6 years due to air pollution: Study
“The deadly tally broken up by diseases shows that chronic obstructive pulmonary disease (COPD) due to air pollution at 49% is responsible for close to half of deaths, followed by lung cancer deaths at 33 per cent, diabetes and ischaemic heart disease at 22 per cent each and stroke at 15 per cent. It is disturbing how COPD, lung cancer and ischaemic heart disease dominate the dubious tally,” it said.
In historic first, G20 weighs aging as global risk
Longer life-expectancy and sliding birth rates, particularly among wealthy nations, have resulted in a rapid expansion of the elderly population in places like Spain, Italy and South Korea, according to the Organization for Economic Co-operation and Development.
CBI books two LIC officials for forging insurance policy documents
.”They have submitted fake death certificates and other documents to the LIC for processing of death claims payments under these policies,” the LIC said in its complaint which is now a part of the CBI FIR