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Parliament passes Insurance Amendment Bill, 2025,paves the way for 100% FDI in insurance cos
Nirmala Sitharaman,Finance Minister The Sabka Bima Sabki Raksha...
100% FDI:Lok Sabha passes Insurance Amendment Bill in one day
Finance minister Sitharaman, while speaking in the Lok Sabha, said,...
LIC tops PSUs chart with record Rs 19,013 cr profit in Q4
The insurance behemoth was followed by the country's biggest lender State Bank of India (SBI) with Rs 18,643 crore profit during the fourth quarter. However, SBI was ahead of LIC in terms of annual profit as it earned Rs 70,901 crore in FY25 as against Rs 48,151 crore...
Emerging Talent Trend: Skills to succeed in a changing insurance industry
In US insurance industry, data scientists are emerging as the fastest-growing segment,reflecting the industry’s shift toward technology and analytics-driven decision-making. The Shin Research study, released by the International Insurance Society(IIS), aims to provide...
Axis Max Life MD & CEO Prashant Tripathy to step down on Sep 30
Prashant Tripathy,,MD and CEO,Axis Max Life Insurance The Board of Directors will initiate the process to identify his successor New Delhi: Axis Max Life Insurance on Wednesday said its MD and CEO Prashant Tripathy will step down with effect from September 30....
LIC shares jump nearly 9 pc post Q4 earnings
LIC on Tuesday posted a 38 per cent increase in net profit to Rs 19,013 crore in the fourth quarter ended March 2025 helped by lower expenses. New Delhi: Shares of state-owned insurer Life Insurance Corporation of India (LIC) on Wednesday surged nearly 9 per cent...
LIC net profit rises 38 % to Rs19,013 crore in Q4FY25, health insurance venture in next 2/3 months, says CEO
Siddhartha Mohanty, CEO & M D, Life Insurance Corporation On the proposed health insurance joint venture, Siddhartha Mohanty, CEO & M D, LIC, said, “ We are yet to finalise our plans to foray in to health insurance. The proposal has to be taken to the board,...
Indian insurance market expands by 10.6% to $145 billion in 2024, Allianz report
While China (+7.8% p.a.) will continue to dominate the region in absolute terms, the real growth champion over the next decade is likely to be India (+10.5% p.a.) Mumbai: With a total premium income of USD 145 billion in 2024 , the Indian insurance market has showed...
SBI Life Insurance Vidyaniti buy 4.25 pc unit-holding in NHIT for Rs 1100 cr
According to the block deal data available on the NSE, SBI Life Insurance Company picked up more than 3.74 crore units or 1.93 per cent holding in NHIT New Delhi: SBI Life Insurance and Vidyaniti LLP on Monday bought a 4.25 per cent unit-holding in National Highways...
Enable, Embed and Evolve: 3 essential phases of AI transformation in a customer-centric enterprise
“Insurance leaders need a clear strategy to unlock value and achieve AI driven transformation and achieve long-term success, one that involves not only integrating AI into their existing systems but also fostering a culture of innovation and adaptability. By doing so,...
Bharti AXA Life Insurance launches ‘BIMA BHARTI’ apprenticeship program
Bharti AXA Life has rolled out its flagship nationwide apprenticeship initiative – BIMA BHARTI – under the Government of India’s National Apprenticeship Training Scheme (NATS). The program aims to empower the youth and women by onboarding 800 apprentices in roles...
LIC bags Guinness world record for selling highest life insurance policies in 24 hrs
(L to R) Rishi Nath, official adjudicator, Guinness World Records, hands over certificate of achievement to Siddhartha Mohanty, CEO & MD, LIC, celebrating LIC’s Guinness World Record for the “Most Life Insurance Policies Sold in 24 Hours.” On January 20, a total...