Bill doesn't have any of the much talked about features like...
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Central law on eviction of unauthorised occupants prevails over state rent laws: SC
A three-judge bench of Justices Vikram Nath, Sandeep Mehta and N V...
Ageas Federal Life unveils its new logo, ropes in Sachin Tendulkar as brand ambassador
Cricker legend Sachin Tendulkar and Jude Gomes, managing director...
Govt moving ahead with IDBI Bank disinvestment plan in current fiscal: DIPAM Secy
Arunish Chawla,Secretary ,Department of Investment and Public Asset Management On the issue of further stake dilution in LIC, Chawla said the government aims to meet the minimum public shareholding requirement by the financial year ending March 2027, in line with the...
Life insurance: 78% of urban Indians own one or more products, Axis Max Life Insurance survey
Prashant Tripathy, CEO and managing director, Axis Max Life Insurance said, “This year’s record Protection Quotient, alongside all-time high life insurance ownership, reflects a decisive shift in consumer priorities — from cost sensitivity to genuine protection needs....
IFSC-GIFT City based insurers should develop products for tapping 32 million NRIs and Indian diaspora: IFSCA chairman
Narendra Bharindwal, president, Insurance Brokers Association of India, K. Rajaraman, Chairman, IFSCA , T Alamelu, principal advisor, IFSCA at the launch of IBAI's chapter at IFSC- GIFT City ` There is a huge retail opportunity for the IFSC-GIFT City based insurers...
Aviva India appoints Suresh Mahalingam as chairperson
Aviva Life Insurance Company India today announced the appointment of Suresh Mahalingam as its new chairperson. Currently, Mahalingam is an independent director Aviva's board since July 2020. He has over 30 years of leadership experience across the BFSI and FMCG...
Insurance companies plan $41 bn trade switch to bond forwards
Insurance companies are in talks with the authorities to convert about Rs 3.5 trillion ($41 billion) worth of rates derivative contracts into bond forwards, people familiar with the matter said. Such contracts offer investors the opportunity to own the securities,...
Canara HSBC Life Insurance files for an IPO, PNB to exit JV
Canara HSBC Life Insurance Company is a joint venture promoted by state-owned Canara Bank, which owns a 51 per cent stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which holds 26 per cent. Punjab National Bank holds the rest of stakes and will exit...
Finmin targets to introduce Insurance Amendment Bill in Parliament during monsoon session
Nirmala Sitharaman,Finance Minister Finance Minister Nirmala Sitharaman in this year's Budget speech proposed to raise the foreign investment limit to 100 per cent from existing 74 per cent in the insurance sector as part of new-generation financial sector reforms New...
SBI Life’s net profit almost remains flat at Rs 814 crore in Q4FY25
Amit Jhingran, MD & CEO of SBI Life stated, ``With a 12% growth in Individual Rated Premium, SBI Life outperformed industry growth of 10.5%. SBI Life has stepped into its 25th year. The company’s 3 key strengths – a highly effective distribution network, one of...
Aditya Birla Capital becomes a corporate agent
After selling its insurance broking unit, Aditya Birla Capital Limited has announced that it has secured approval from the IRDAI to operate as a Corporate Agent (Composite). The license, granted on April 21, 2025, allows the company to solicit Life, General, and...
Life insurers record marginal 5% rise in new premium collection in FY25, no of policies sold fell 7%
LIC's total new business premium rose just two per cent Rs 2.26 lakh crore in for FY25, which included Rs 62,404.58 crore from individual new business New Delhi: Led by state owned Life Insurance Corporation(LIC), domestic life insurers recorded a marginal 5.1 per...