Nirmala Sitharaman Union Minister for Finance and Corporate Affairs...
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Life
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Budget-26-27:Improving insurance affordability and access
Recent policy measures, such as the exemption of insurance premiums...
LIC chief expresses concern over continued stagnation in number of policies in force
Swaminathan S. Iyer, Member (Life), IRDAI,Dinesh Pant, managing...
IndiaFirst Life’s corporate agency partnership with Northern Arc Capital
IndiaFirst Life Insurance Company (IndiaFirst Life) has announced a strategic corporate agency partnership with Northern Arc Capital Ltd. (Northern Arc), a leading diversified financial services platform. Under this agreement, Northern Arc will distribute IndiaFirst...
LIC introduces 2 new plans- LIC’s Nav Jeevan Shree & LIC’s NavJeevan Shree Single Premium
In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term. Mumbai: Sat Pal Bhanoo, CEO & MD (In-Charge), Life Insurance Corporation, launched two new plans, LIC’s Nav Jeevan Shree and...
Former IRDA member Rakesh Joshi made chairman of Bima Sugam India Federation
Rakesh Joshi, chairman, Bima Sugam India Federation Joshi as a member of IRDA from March 2022 to December 2023, under the chairmanship of Debasish Panda was very closely involved with the development and implementation of Bima Sugam and Bima Vistaar...
LIC launches a new product- Nav Jeevan Shree
Life Insurance Corporation has launched a new product Nav Jeevan Shree, a non-par, non-linked, individual, savings plan. It a has a minimum term of five years and a maximum term of 20 years. It will be available from Friday.
Axis Max Life Insurance reports cyber threat
Indian firms such as Angel One, Niva Bupa Health Insurance and Star Health, and HDFC Life Insurance have reported high-profile security breaches in the past 10 months. Cyber fraud cases in India jumped more than four times in fiscal 2024, causing losses of $20 million...
IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers
(L to R)-R Venkatachalam Iyer, MD & CEO Tata AIA, Amit Jhingran, MD & CEO SBI Life, Piyush Pandey, advertising professional, Swaminathan Iyer, member, Life, IRDAI, Kamlesh Rao, MD&CEO,ABSLI, RK Patnaik, MD, LIC, Rushabh Gandhi, MD&CEO India First at an...
China pushes commercial insurers in bid to boost local biotechs
The 3.5 trillion yuan ($486 billion) fund — which covers medical expenses for roughly 95% of China’s 1.4 billion people — will also set up a catalog of innovative drugs that can be reimbursed by commercial insurers, according to the document. The list could lead to...
FSIB panel headed by BS Sharma gets one year extension
For insurance sector appointment, Usha Sangwan, former Managing Director, LIC, A.V. Girija Kumar, former Chairman and Managing Director, Oriental Insurance Company Ltd and Sujay Banarji, former whole-time member (distribution), IRDAI, too have been given extension as...
Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs
Generali will be holding a 74% stake while Central Bank of India will be holding up to 26% in the joint venture Jaime Anchústegui, deputy CEO, Insurance, Generali Group, commented: “We are pleased to announce this new chapter for our business in India together with...
LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India
P. Jaipuria, secretary general, Insurance Institute of India, S.N. Bhattacharya, Secretary General, Life Insurance Council, Sat Pal Bhanoo, CEO & MD (In-charge), Life Insurance Corporation, Inderjeet Singh, Secretary General Insurance Council, Kavita...