Bajaj Allianz Life, one of the leading private life insurers has...
Category:
Life
Latest
Alok Rungta appointed as MD &CEO of Future Generali India Life Insurance
Alok Rungta, Managing Director & CEO designate,Future Generali...
LIC pays Rs 2,441 crore as an interim dividend to government
From (Lto R), Siddhartha Mohanty, chairperson handing over a cheque...
Retirement age set to rise due to higher life expectancy: Eco Survey
“Since an increase in the retirement age is perhaps inevitable, it may be worthwhile signalling this change well in advance perhaps a decade before the anticipated shift so that the workforce can be prepared for it,” the Economic Survey for 2018-19, tabled in Parliament by Finance Minister Nirmala Sitharaman Thursday, said.
Mumbai paralaysed after incessant rain; Maharashtra toll rises to 35
Twenty one people were killed and 78 injured in a wall collapse in the northern suburb of Malad in Mumbai early Tuesday following heavy rains
FWD buys Thai insurance unit for $3 billion, in top SE Asian sector deal
BANGKOK: FWD Group is acquiring the life insurance business of Thailand’s Siam Commercial Bank (SCB) (SCB.BK) for 92.7 billion baht ($3 billion) in Southeast Asia’s biggest insurance M&A deal, broadening a rapid Asian expansion by the Hong...
Indians still buy insurance for “tax-saving and investment”
A whopping 98 per cent of those surveyed purchased health insurance remains financial protection against medical expenses, even as 24% gave additional weightage to a combination of factors that include tax saving, personal events such as marriage, birth of child etc.
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.