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IRDAI forms joint expert group under Rajay Sinha for developing Ind As norms
Rajay Kumar Sinha member, Finance & Investments Indian...
CBI files case against Anil Ambani, RCom in Rs 3,750 crore LIC case
The case has been registered on the basis of a complaint received...
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....
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.