Out of many applicants, who had applied for the job, the Ministry...
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Former LIC chairman MR Kumar appointed as non- executive chairman of Bank of India
The government, on Wednesday, has appointed MR Kumar, former...
Overseas Indian students can now avail US Dollar health plan from HDFC Life International
HDFC Life International, based in GIFT IFSC, has launched a...
MR Kumar takes charge as LIC chairman
T.C.Suseel Kumar has also taken charge as one of the Managing directors of LIC today while Vipin Anand will be taking over as one of the MDS after Sunita Sharma retires on March 31
MR Kumar appointed LIC chairman, Susheel K and Vipin A as MDs
In a late evening move the Department of Personnel and Training( DOPT) has also notified the appointment of TC Suseelkumar, ZM, Hyderabad, Vipin Anand as the managing directors of the corporations.This is the second time in the last 18 years when an executive director has been directly appointed as the chairman, on par with a secretary of the Government of India, of the corporation.
Standard Life to sell 4.93% stake in HDFC Life for Rs 3,500 crore
A sell down of 4.93 per cent by the Standard Life would help the HDFC Life increase it’s public float to 24.2 per cent which is a step closer to IT achieving Minimum Public Shareholding (MPS) prescribed by SEBI. The SEBI Listing Regulations mandates all listed companies to achieve MPS of 25 per cent within 3 years of listing. At present, Standard Life holds 29.2 per cent stake in the life insurance company while HDFC, the majority stakeholder, has 51.5 per cent stake. After the stake sale, Standard Life’s shareholding in HDFC Life will come down to 24.27 per cent.
IRDAI seeks proposal from LIC on stake reduction in IDBI Bank
“We will decide on the timeline (for stake reduction by LIC in IDBI Bank). We are not leaving it to them. I have asked them (LIC) to give a proposal and after that we will take a decision,” IRDAI Chairman Subhash Chandra Khuntia said on the sidelines of an event organised by Ficci here.
Bharti AXA Life Insurance hires 10,000 insurance advisors and sets up 50 new branches across India
The annualised new business premium grew 48 per cent to Rs 422 crore in the first nine months of 2018-19 against Rs 286 crore in the similar period of 2017-18. The company posted 19 per cent growth in its renewal premium Rs 742 crore in the first three quarters of this fiscal, as compared to Rs 623 crore in the same period during the financial year 2017-18
116-Year-Old Japanese Woman Named World’s Oldest Living Person
Japan has one of the world’s highest life expectancies and has been home to several people recognised as among the oldest humans to have ever lived.They include Jiroemon Kimura, the longest-living man on record, who died soon after his 116th birthday in June 2013.
IRDAI pulls up insurers for non- compliance of Insurance Ombudsman awards
According to TS Naik, general manager,Consumer Affairs Department, IRDAI, the regulator has found good deal of data showing many lapses committed by the insurers with regard to the compliance of orders of Insurance Ombudsman.
China set to be the largest global insurance market by mid-2030s:Swiss Re
The seven largest emerging markets are forecast to contribute around 40% of global economic growth over the next decade
• China alone will count for more than 25% of global output
• From quantity to quality: maturing emerging economies will see more moderate, but also more stable growth • Emerging market insurance premiums are forecast to more than double over the next 10 years, growing four times faster than in advanced markets
• Premiums in emerging Asia are projected to grow three times faster than the world average over the next two years • China to become the world’s largest insurance market by the mid-2030s
Govt allows one more pension option for left over employees of PSU insurance cos
“Government approves one more pension option for left over employees of public sector insurance companies who joined on or before 28 June, 1995. It would benefit 42,720 employees including 10,720 senior citizens,’’ Jaitley tweeted on Saturday.
Carlyle Group acquires 9 % stake in SBI Life for Rs 4365 cr
Carlyle’s equity for this investment came from CA Emerald Investments, an affiliated entity of Carlyle Asia Partners V, Carlyle’s flagship $6.55 billion fund focused on buyout and strategic investments across a range of sectors in Asia Pacific.Following this transaction, BNP Paribas Cardif and CA Emerald Investments now own 12.8 per cent and 9 per cent of the company, respectively, while SBI remains the majority shareholder with a 62.1% stake in the company.