As India moves confidently towards its vision of Viksit Bharat,...
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China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including...
EC work: LIC field workers move HC for protection of their service conditions
Petitioner National Federation of Insurance Field Workers of India,...
Govt’s Bima Sakhi Scheme enrolls over 2 lakh women
Pankaj Chaudhary, minister of state ,Ministry of Finance LIC has already paid Rs115.13 crore to 2,05,896 Bima Sakhis in the country till July 14 New Delhi: Life Insurance Corporation (LIC) has provided a budget of Rs 520 crore for the government's Bima Sakhi- “Mahila...
India’s financial inclusion index improves, surges to 67 from 64.2 in March 2024: RBI
It captures the level of financial inclusion using data from different sectors, including banking, insurance, investments, pensions and postal services. Mumbai: The Reserve Bank of India (RBI) on Tuesday said that the country's financial inclusion index (FI-Index)...
TRAI convenes joint committee of regulators on issues of spam and cyber fraud
Key outcomes were urgent transition to 1600-Series for Commercial Calls, regulators, discussed setting up timelines for migration to the dedicated 1600-number series for transactional and service calls in the banking, financial services, and insurance (BFSI) sectors....
Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India
Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V. on Friday entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance...
About 1.4 lakh new PMJDY a/cs opened under financial inclusion saturation campaign: FinMin
Nearly 1.4 lakh new Jan Dhan accounts have been opened and more than 5.4 lakh new enrolments have been recorded under three Jan Suraksha Schemes in the past fortnight, the statement said New Delhi: About 1.4 lakh new Jan Dhan accounts have been opened in the past...
ICICI Pru Life Q1 net jumps 34 pc to Rs 302 cr
ICICI Prudential Life Insurance MD and CEO Anup Bagchi said, "We reported a total premium growth of 8.1 per cent year-on-year in Q1 FY2026 on the back of our extensive distribution and comprehensive product suite". New Delhi: ICICI Prudential Life Insurance on Tuesday...
Doraiswamy takes over as MD& CEO of LIC
Ramachandran Doraiswamy, MD&CEO, Life Insurance Corporation He will be retiring on 31st Aug,2028 after turning 62 Mumbai: Ramachandran Doraiswamy, 58, has taken charge as CEO & MD of Life Insurance Corporation on Monday after the government cleared his...
Risk-Based Capital: Rewarding Indian insurers
The adoption of Risk-Based Capital (RBC) rules by the Indian insurance industry is more a strategic and forward-looking shift focussing not just on stability but also on expansion, and attracting long-term investment. It can better align India with global standards...
Asia Index launches BSE Insurance Index
The BSE Insurance Index is derived from the constituents of BSE 1000 Index that are classified under the insurance industry.This new index can be used for running passive strategies such as ETFs and Index Funds as well as gauging the performance of various sectors in...
Govt to sell minority stake in LIC
The quantum of stake sale, price and timing would be decided in due course, the source added. The government needs to offload another 6.5 per cent stake in the public sector life insurer to meet the mandated 10 per cent public shareholding requirement by May 16, 2027....