The IRDAI will soon provide more clarity on capital structure of...
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IDBI Federal Life reports a net profit of Rs 133 cr , up 31 per cent in during FY19
Speaking on the company’s performance during the year, Mr. Vighnesh Shahane, MD & CEO, IDBI Federal Life Insurance said, “In FY2018-19, with a tight control on costs, a focus on underwriting and a leaner organisation, we have been able to serve our customers better which has resulted in improved scores on most parameters. We also implemented a slew of digital initiatives which enhanced the customer experience and helped bring in further efficiencies across our distribution channels.”
IRDAI to unveil Risk Based Capital & Supervision soon:Khuntia
IFRS 17, he informed, has been postponed to 2022 globally. India has also postponed its introduction, but IRDAI needs the help and cooperation of insurers during the preparatory phase prior to its introduction.
Standard Life off-load 1.78% stake in HDFC Life for Rs 1,404 crore
Mumbai: Standard Life (Mauritius Holdings) will off-load 1.78 percent stake in HDFC Life Insurance Co for Rs 1,404 crore beginning on May 3. The sale will be undertaken in two slots -- non-retail investors on May 3 and for retail investors next week....
FDI in insurance industry can be raised to 74% over next 5-10 yrs, Sathe
He enlisted increasing penetration, avoiding mis-selling,increasing sum assurance through sale of term plans and designing products easy for sale, are the main issues of the life insurance industry
Max India exploring new lines of businesses after divesting healthcare and health insurance
Max Group’s sponsor Singh , who has increased his involvement in Max India by taking on the mantle of chairman, is looking to start afresh in Advaita by venturing into 1-2 new business areas, which will have adjacencies to the group’s latest focus areas of life insurance, real estate, senior care and lifestyle.
HDFC Life Insurance net profit rises 5% to Rs 364 cr in March quarter
“In line with our stated strategy, we continue to focus on profitable growth and providing the best value proposition to our customers, partners and shareholders,” HDFC Life Insurance Managing Director and Chief Executive Officer Vibha Padalkar said in a statement.
ICICI Prudential Life Q4 profit slips 23% to Rs 261 crore
The embedded value (EV) of the company increased by 15.1 per cent to Rs 21,623 crore at the end of March 2019, the company said in a statement.
Life insurance industry’s new prm grows 11 % to Rs2,14,672 cr in 2018-19, Private sector gains market share
23 private players have mobilised a total premium of Rs72,461 crore, registering a growth of 22 per cent . However, in terms of policies, at 72,54,556,these players have just recorded a growth of 5.74per cent.With a markert share of almost 7 percent , the listed HDFC Life has emerged as the largest private sector players and second largest life insurance player in the country.
Global life reinsurers poised for growth, but mature U.S. market still key:AM Best
The Asia-Pacific direct life insurance market continues to grow faster than in developed countries, providing opportunities for life reinsurers to assume more business. China’s life insurance market is now the world’s second largest life insurance market. Additionally, legacy life/annuity blocks of business also have become meaningful acquisition opportunities for global life reinsurers, and recent acquisitions involving second- and third-tier reinsurers highlight growing market competition.
Promoters of Reliance General and Max Life tap Indian investors to sell stakes
According to the media reports, Axis Bank is exploring options to acquire a large stake in Analjit Singh controlled Max Life while Anil Ambani-controlled RGI is tapping Reliance Industries (RIL) and Piramal Group to sale of up to 49% in the venture, as the group seeks to cut debt..