Vivek Joshi ,Financial Services Secretary Banks have been...
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Govt approves 17 % wage hike for LIC employees
The revision incorporates an enhancement in National Pension...
Life expectancy dropped by 1.6 years during pandemic, reversing past progress: Lancet study
The study found that life expectancy declined in 84 per cent of...
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
HSBC considering a bid for Aviva’s Asian operations, reports suggest
Aviva, the UK insurance conglomerate whose shares have dropped 27 per cent in the last 12 months, confirmed in August it’s examining options for its Asian business as new chief executive officer Maurice Tulloch’s turnaround takes shape. The company’s operations in the region could be valued at about $3 billion to $4 billion, with an official process slated to kick off later this year, Bloomberg News reported earlier.
Interviews on Aug 27 to select chiefs of GIC Re, AIC and MDs of LIC
The senior official of the state owned general insurance companies who have been shortlisted for the interview are – M Poddar, general manager(GM), National Insurance Company, Dinesh R Waghela, GM, Oriental Insurance Company,SN Rajeswari, GM, New India Assurance, DTV Sashtri, GM, United India Company,Deepak Prasad, GM, GIC Re , Anil Shristav, GM, OIC, Devesh Shristav, GM, GIC Re, M and Bullaswami, GM, NIA.
Among the senior officials, who have been called for the interview for selecting two MDs of LIC are, MK Gupta ED, Personnel. Raj Kumar CEO, LIC Mtual Fund , HS Sasikumar, ZM,Bhopal, S Nallakuttalam.
Max Life Insurance announces the launch of Max Innovation Lab
As part of this Programme, the startups will help create solutions by leveraging new age technologies such as Artificial Intelligence, Blockchain, Internet of Things, Big Data to facilitate a host of services such as intelligent data acquisition and processing generated from online/offline sources, intelligent underwriting, intelligent agent/seller hiring, financial management and more
Prudential to split by year-end; monitoring Hong Kong protests
Prudential said last year it planned to split into two companies, a route followed by insurance and asset management peers including Old Mutual and Standard Life Aberdeen.
Rajesh Sud to replace Ghosh at Bharti Enterprises
Rajesh takes over from Soumen Ghosh (Sam) who successfully led and turned around the financial services business. In his new role, Rajesh will lead the Group’s financial services businesses (Bharti-AXA General Insurance and Bharti-AXA Life Insurance) and will also be on the Board of Airtel Payments Bank.
UK’s Aviva reviews Asia business
London: Britain’s second largest insurer Aviva reported a forecast-beating 1% rise in first-half operating profit on Thursday, helped by a strong performance in its general business and announced a review of its Asian operations. In his first...
Aegon Life says data of 10,000 Indian customers possibly exposed
“We will initiate an outreach program in coming days to offer guidance to affected customers and to let them know what information was exposed. At Aegon Life, data security and customer privacy are of utmost importance and we will continue to be transparent with customers as we investigate further,” the company said.